Comparison
Raziel vs Ledgy
Ledgy is an equity management platform for private and public companies. Raziel is built for private markets: startups, SPVs, funds and entities, with founder tools under the same login.
Last reviewed October 28, 2026
At a glance
Which one fits you
Start with the portfolio you hold. Here is who each tool is built for, and what it costs.
Choose Raziel if
Founders who want a fundraising pipeline and investor updates next to a cap table, free through 100 contacts, and investors who want to track every startup, SPV, fund position and entity they hold, whatever platform each company uses.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose Ledgy if
Growing and late-stage companies, especially in Europe and the UK, that need share plan automation with HRIS integrations, multi-jurisdiction compliance and reporting, and public companies running employee share plans.
Pricing: Free Launch plan; Scale from €5k/year; Enterprise from €18k/year
Feature by feature
Raziel and Ledgy, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Ledgy |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Investors see a portfolio dashboard for holdings in companies that use Ledgy. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Not listed |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Not listed |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Not listed |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | Not listed |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | Not listed |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Not listed The investor dashboard includes equity valuation and forecasting tools. MOIC or IRR from cash flows is not listed. |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | Not listed Not described in the sources we reviewed. |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | Not listed |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Not listed |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | Partly Investors can see company updates and KPIs shared through Ledgy. A send-and-track workflow is not described. |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | Yes Multi-entity cap table, transaction history with documents, custom reports. |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Yes Stakeholder dashboards on every plan; investor dashboard on Scale; role-based access on Enterprise. |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Not listed |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | Launch is free |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | ISO 27001, SOC 1 and SOC 2 Type II SAML SSO and 2FA enforcement are on the Enterprise plan. |
| More differences | ||
| Equity plan automation with HRIS integrations70+ HRIS integrations on Ledgy’s Scale plan. | No | Yes |
| Valuations (409A, HMRC, BSPCE)Independent valuations on Scale and Enterprise. | No | Yes |
| Share plan administration for public companies | No | Yes |
| Data roomIncluded on Scale. | No | Yes |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
Equity operations versus founder workflow
Ledgy runs equity programs at scale: grants, vesting, exercising, HRIS sync, compliance reports and financial reporting. Raziel focuses on the founder’s day to day around a raise: a Kanban pipeline with target checks, investor updates with open and click tracking, and a cap table view.
-
Company size and audience
Ledgy’s paid plans start at €5k/year and extend to public companies and IPO preparation. Raziel’s Founder plan is free through your first 100 contacts, then $29/month, and is built for early-stage founders.
-
Investor side
Ledgy gives investors a dashboard for their holdings in companies that use Ledgy. Raziel’s Investor plan tracks any startup, SPV, fund position or entity, and calculates MOIC, IRR, TVPI and DPI from the cash flows you record.
-
Mobile
Raziel has native iOS and Android apps. Ledgy does not list a mobile app on its product or pricing pages.
To be fair
Where Ledgy is strong
No tool is right for everyone. These are the areas where Ledgy does more than Raziel today.
- Deep equity plan automation: automated granting, vesting tranche builders, end-to-end exercising and 70+ HRIS integrations.
- Compliance and reporting across jurisdictions, including UK Companies House and EMI reports, IFRS 2 and ASC 718 financial reporting.
- Independent ISO 27001 certification and SOC 1 and SOC 2 Type II reports, where Raziel’s SOC 2 Type II and ISO 27001 are in progress.
- Coverage from incorporation through IPO, including share plan administration for public companies.
Pricing
What each costs
Raziel
Founder free to 100 contacts. Investor $49/month after a 14-day trial.
- Founder: free through your first 100 contacts, then $29/month.
- Investor: 14-day free trial, then $49/month through 30 companies.
- Investor: $199/month for more than 30 companies.
- Paid plans auto-renew until you cancel.
See full pricing
Ledgy
Free Launch plan; Scale from €5k/year; Enterprise from €18k/year
- Launch: free. The plan card lists up to 50 stakeholders, while a note on the same page mentions a free plan for up to 25 stakeholders.
- Scale: from €5k/year, 50+ stakeholders, data room, HRIS and DocuSign integrations, employee and investor dashboards.
- Enterprise: from €18k/year, 200+ stakeholders, SAML SSO, SCIM, 2FA enforcement, API access and IPO preparation support.
- Public companies: custom pricing.
- Financial reporting add-on: Essentials from €3k/year, Advanced from €5k/year.
As listed on October 28, 2026. Check Ledgy’s site for current prices.
Switching
Moving from Ledgy to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Keep Ledgy for equity plan administration and compliance if your team relies on it. Raziel works alongside it.
- Start free on Raziel’s Founder plan and import your investor contacts from a spreadsheet.
- Run your next raise on Raziel’s Kanban pipeline and send investor updates from the same workspace.
- If you invest personally, start a 14-day Investor trial and add your startup, SPV and fund positions.
Raziel vs Ledgy: questions
Does Raziel replace Ledgy?
Not for equity plan administration. Ledgy automates grants, vesting, exercising, compliance and financial reporting, and Raziel does not. Raziel is for running your raise, sending investor updates and keeping a cap table view, and for tracking your own investments.
Does Ledgy have a fundraising CRM?
Ledgy does not list a fundraising pipeline or investor CRM on its product or pricing pages. Raziel’s Founder plan includes a Kanban pipeline with target checks.
How does pricing compare?
Ledgy has a free Launch plan, with Scale from €5k/year and Enterprise from €18k/year. Raziel’s Founder plan is free through 100 contacts, then $29/month. The Investor plan is $49/month through 30 companies after a 14-day trial.
Which has stronger security credentials today?
Ledgy holds ISO 27001 certification and SOC 1 and SOC 2 Type II reports. Raziel requires MFA for every account and uses private networking, and its SOC 2 Type II and ISO 27001 work is in progress.
Sources
Where this information comes from
Product details change. Information about Ledgy comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Ledgy pricing for private companies (ledgy.com)
- Ledgy home page (ledgy.com)
- Ledgy cap table management (ledgy.com)
- Ledgy help: stakeholder dashboard tour for investors (help.ledgy.com)
- Ledgy blog: SOC 1 and SOC 2 Type II reports (ledgy.com)
- Ledgy blog: ISO 27001 certification (ledgy.com)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
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Track every private position in one place
Start free on the Founder plan, or try the Investor plan free for 14 days.