Capboard
Spanish cap table and equity plan tool with funding round modelling, ESOP grants, board meetings and a data room, storing cap table data in France
Quick Overview
| Company | Capboard Tech, S.L. |
|---|---|
| Category | Cap Table Management Software |
| Headquarters | Barcelona, Spain |
| Founded | Not stated |
| EU Presence | Yes - Spain (EU) |
| Data Location | Data centre in France (cap table data), per the privacy policy |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | Self-hosted version offered on the custom Scale-up plan |
| Main Features | Cap table, share certificates, funding round simulation, SAFE conversions, unlimited share classes, ESOP pools, grant letters, phantom shares, warrants, SARs, investor updates, board and shareholder meetings, virtual data room, e-signature |
| Pricing | Per-stakeholder plan with free trial (figures not visible on the server-rendered pricing page); basic onboarding €300 one-time; premium support €50/month; Scale-up plan custom |
| Best For | Startups with several entities or stakeholders that want modelling and investor reporting in the same tool |
| Replaces | Carta, Pulley |
Detailed Review
Capboard bundles more than a ledger. Its product list runs from cap table management and funding round modelling through 409A valuations, SAFEs and employee equity plans to investor relations, board meetings and a virtual data room.
The contracting party in the terms is Capboard Tech, S.L., Spain. The about page names Alex Bisbe as CEO and says the company is mainly active in the U.S., Canada and Spain, which shows in the dollar-denominated add-ons next to euro ones.
Modelling and employee grants
The plan description includes funding round simulations with dilution and SAFE conversion, unlimited share classes, and a change log of admin actions. For employees there are ESOP pools, grants and exercising covering stock options, phantom shares, warrants and SARs, with grant letters generated from templates or from your own upload.
Investor and board tools
Investor updates can be sent without limit and report metrics, board members can be added with communications and meetings, and shareholder meetings generate documents with e-signature. A virtual data room and contract templates for SAFEs and ESOP complete the set.
What the price list shows
The pricing page mentions a stakeholder plan with a free trial and a custom Scale-up plan for 75+ stakeholders. Visible add-ons are premium support at USD $50 or EUR €50 a month, basic onboarding at USD $300 or EUR €300 one time, and a US-only 409A valuation at USD $1,800 through a partner. The core per-stakeholder figures are filled in by script, so they are not recorded here.
Limitations to Consider
The main plan prices are not server-rendered, so no monthly figure is quoted and a buyer must open the live page or ask sales. The company address, founding year and registry number are not on the pages read; city and form come from the terms and Spanish business directories. A 409A offer and a US sales phone number point to a US-minded roadmap. This review rests on public pages, not a hands-on test.
Who Should Use Capboard
Founders in Spain or elsewhere in Europe who run more than one legal entity and want funding round simulations plus board and investor features next to the register.
Pros and Cons
Pros
- Funding round and SAFE conversion simulations
- Stock options, phantom shares, warrants and SARs
- Cap table data stored in France
- Free trial offered
- Self-hosted version offered on the Scale-up plan
Cons
- Core plan prices not readable without scripts
- Founding year and registry number not stated
- Part of the price list is in US dollars
- Several modules beyond the cap table add to the learning curve
Alternatives to Capboard
Other European cap table management software worth comparing before you decide:
Ledgy
Switzerland · Zurich platform linking cap tables, HRIS data and option plans
Vestd
United Kingdom · UK cap table with HMRC-aware share schemes and valuations
Equify
France · French register-backed cap table with BSPCE and governance modules
SeedLegals
United Kingdom · Startup legals bundle with an unlimited-shareholder cap table
See all European cap table management software or compare them directly against Carta on our alternatives page.
Frequently Asked Questions
The privacy policy says all data is stored in a secure data centre in France and that the data centre provider has no access to the cap table data.
Yes. The plan list covers ESOP pools, grants and exercising for stock options, phantom shares, warrants and SARs, with grant letters generated from templates or uploaded documents.
The custom Scale-up plan, meant for 75+ stakeholders, lists a self-hosted version that Capboard helps install on your own servers, plus a dedicated customer success manager and white-label support.