AngelList Equity

Gust is a startup investment platform that connects early-stage founders with angel investors, accelerators, and startup programs, providing equity management tools alongside the funding relationship infrastructure. Originally launched as the standard platform for organized angel investing globally, Gust has expanded to offer cap table management, online SAFE and note issuance, and equity documentation tools for pre-seed and seed-stage startups. The platform is used by thousands of angel groups, accelerators, and incubators globally as their standard application, evaluation, and portfolio management system — meaning many accelerator applications are submitted and processed through Gust by default. For startups, Gust provides a managed company profile that serves as a pitching document for investors browsing the platform. Cap table management covers basic equity tracking with support for SAFEs, convertible notes, and common stock. Online closing tools enable remote issuance of SAFEs and convertible instruments with electronic signature, reducing legal costs for standard seed financing documents. The launch package provides access to state-specific formation documents and standard legal templates. Gust's investor portal gives angels a portfolio management view across all their Gust-connected investments. While Gust lacks the equity management depth of Carta or Pulley for post-seed companies, it serves a specific and valuable role as the standard platform for the angel investing ecosystem — making it a natural first equity management tool for companies raising their first institutional money from angel groups and accelerator programs.

Qapita is an equity management and fintech platform serving startups and growth companies across Southeast Asia and India, providing cap table management, employee equity administration, and secondary share liquidity services adapted for regional markets. The platform covers equity management across Singapore, India, Vietnam, Malaysia, Indonesia, and other SEA markets, with jurisdiction-specific compliance for each country's company law, tax regulations, and securities requirements. Cap table management tracks equity across multiple share classes, convertible instruments, and option pools with real-time dilution calculation and shareholder analytics. Employee ESOP administration handles option grant documentation, vesting schedule tracking, exercise workflows, and the jurisdiction-specific tax compliance for employees in each covered country. The secondary marketplace capability is a distinctive feature — Qapita provides a liquidity platform where employees and early investors can sell equity in private companies, addressing the illiquidity problem that makes pre-IPO equity difficult to value for retention purposes. This secondary market functionality has particular relevance in Southeast Asia where IPO timelines are less predictable and employees may need liquidity options before an exit event. 409A equivalents and local valuation support cover the fair market value determinations required for option pricing in each jurisdiction. Integration with legal tools and cap table-aware document management simplifies the due diligence process for fundraising. For Southeast Asian and Indian founders managing equity complexity across multiple legal jurisdictions where US-centric platforms provide inadequate regional coverage, Qapita's multi-market expertise provides meaningful practical value.

Cake Equity is an Australian-founded equity management platform serving startups and growth companies across Australia, New Zealand, and Asia-Pacific with cap table management and employee share scheme administration adapted for regional legal frameworks. The platform handles Australian-specific equity structures including ESS (Employee Share Schemes) under Division 83A of the Income Tax Assessment Act, with particular expertise in the tax-deferred and upfront taxation elections that determine when employees recognize income on their equity grants. Cap table management tracks ordinary shares, preference shares, options, SAFEs (Simple Agreements for Future Equity), and convertible notes with real-time dilution calculation. The employee portal provides staff with clear visibility into their option grants, vesting status, and potential exit values without requiring accounting expertise to interpret. New Zealand ESS compliance is also covered, along with structuring guidance for Singapore and other APAC markets where Cake has expanded. Round modeling allows founders to test investment scenarios and their dilution impact. The SAFE conversion modeling handles the complex mechanics of converting SAFEs and convertible notes at financing rounds. Investor access gives VCs portfolio visibility. Cake's free tier accommodates very early-stage companies with minimal equity complexity, making it accessible from formation. For Australian and New Zealand founders managing equity compensation who find Carta and Pulley poorly adapted to Australian tax and legal requirements, Cake Equity's regional expertise eliminates the workarounds required when using US-designed tools for APAC equity structures.