Qapita

AngelList Equity encompasses the equity management and investment infrastructure services that AngelList provides to startups, investors, and syndicates within its sprawling startup ecosystem. AngelList's position as the largest online platform for startup-investor connections gives its equity services unmatched distribution — millions of founders and investors interact through AngelList, making its equity infrastructure an natural extension of those relationships. The Stack product provides startups with US company formation, initial cap table setup, SAFE issuance, and banking in a bundled startup-in-a-box package. AngelList's SPV (Special Purpose Vehicle) service enables angel investors to pool capital and invest as a single vehicle into startups, with AngelList handling fund administration, K-1 generation, and regulatory compliance for each SPV. Rolling Funds allow investors to raise capital on a quarterly subscription basis, democratizing venture fund management for emerging managers. The equity management tools track option grants, vesting schedules, and cap table updates through the AngelList platform with integration into AngelList's broader investor and talent marketplaces. Carry tracking and distribution management handle the economics of SPV and fund investments. For founders deeply embedded in the AngelList ecosystem — using it for recruiting talent or raising angel rounds through syndicates — the equity management services create natural integration. For investors running multiple SPVs or building an emerging manager brand, AngelList's fund infrastructure eliminates significant operational complexity.

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.

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.