Compare
Carta dominates cap table management but charges enterprise prices with 5-10% annual escalators, deprioritizes small funds, and suffered a 2024 data privacy scandal where cap table data was shared with secondary buyers without consent. Archstone gives you cap table tracking, LP management, data room, deal flow, compliance, and AI orchestration — all in one platform at a fraction of the cost, with zero data privacy concerns.
| Feature | Archstone | Carta |
|---|---|---|
| Cap table management | ||
| Waterfall analysis | ||
| 409A valuations | ||
| LP portal with self-service dashboard | ||
| Data room with viewer analytics | ||
| Deal flow pipeline (kanban) | ||
| Quarterly LP report builder | ||
| AI-powered fund operations (Archie) | ||
| Compliance calendar & tracking | ||
| Portfolio company metrics tracking | ||
| Capital call management | ||
| SAFE/note conversion modeling | ||
| Transparent, flat pricing |
Why Archstone
Carta was designed for startups managing their own cap tables, then bolted on fund admin. Archstone was purpose-built for the $3M-$30M emerging fund manager — every feature is designed for how you actually operate.
With Carta you still need DocSend, Visible.vc, Affinity, and compliance counsel. Archstone includes data room, LP portal, deal pipeline, portfolio tracker, compliance, and AI — so you cancel everything else.
Carta has no AI layer. Archie lets you draft LP letters, analyze pitch decks, run compliance audits, and execute multi-step workflows in natural language. It is like having a junior associate who never sleeps.
After Carta's 2024 data-sharing scandal, trust is broken. Archstone never shares your fund data with third parties. Your data stays yours — period.
Carta
Starts ~$3,000+/yr for basic fund admin; 5-10% annual price escalators that compound over 10-year fund life; per-stakeholder fees add up fast
Archstone
$297/mo Starter or $497/mo Pro — flat pricing, no per-stakeholder fees, no surprise escalators
Start your free trial today. No credit card required. Import your data and be up and running in under 10 minutes.