Tenacap
What it is
Tenacap is a web-based cap table platform for managing company equity from incorporation through priced rounds. It supports SAFEs, convertible notes, option plans, grants, vesting, exercises, and restricted stock. Companies can model priced rounds, convert outstanding SAFEs and notes, and calculate exit waterfalls. Cap table information can be imported from Carta, Pulley, Tenacap's workbook, or a spreadsheet, with exports available as CSV, open-schema JSON, or a complete archive. The platform generates equity and board documents, supports native e-signature, and provides a sealed PDF with a completion certificate. Changes are recorded in an append-only ledger with cryptographic chaining. The free Starter tier includes unlimited stakeholders, one saved scenario, and CSV and JSON export. Traction is listed at $39/mo or $399/yr; Growth is $99/mo or $999/yr. Tenacap says beta customers are not billed, and listed tier prices take effect at general availability. V1 focuses on US Delaware C-corps; international entities are not on its V1 or V2 roadmap.
For and against
For
- Supports SAFEs, notes, options, grants, and vesting.
- Models priced rounds and exit waterfalls.
- Imports from Carta, Pulley, its workbook, or spreadsheets.
- Exports CSV, open-schema JSON, or a complete archive.
- Offers a free Starter tier.
Against
- V1 focuses on US Delaware C-corps.
- International entities are not on the V1 or V2 roadmap.
- Beta customers are not billed; listed prices start at general availability.
The verdict
Tenacap covers equity tracking, financing scenarios, imports and exports, and equity and board documents. Its stated scope is US Delaware C-corps, and its listed paid-tier prices take effect at general availability.
Who it suits
Starter is described for companies that have not raised a priced round, while Traction is for teams that have. It suits US Delaware C-corps looking to track equity and model financing scenarios.
Plans and prices
Starter
Unlimited stakeholders · One saved scenario · CSV + JSON export
Read 29 Sep 2026 · tenacap.com
Traction
Unlimited saved scenarios · Document templates + e-signature · Employee and investor portals · Board approvals
Read 29 Sep 2026 · tenacap.com
Growth
ASC 718 expense reporting · Rule 701 tracking · QSBS tracking · Form 3921 and ISO/AMT tax reporting
Read 29 Sep 2026 · tenacap.com
On the record
- Audience
- The Starter tier is described for companies that have not raised a priced round, while Traction is for teams that have raised one.tenacap.com · read 29 Sep 2026
- Audit trail
- Cap table changes are recorded in an append-only, tamper-evident ledger with cryptographic chaining.tenacap.com · read 29 Sep 2026
- Beta and billing
- The maker says beta is open and customers are not billed during beta; listed tier prices take effect at general availability.tenacap.com · read 29 Sep 2026
- Documents
- Tenacap generates equity and board documents, supports native e-signature, and provides a sealed PDF with a completion certificate.tenacap.com · read 29 Sep 2026
- Equity features
- It supports SAFEs, convertible notes, option plans, grants, vesting, exercises, and restricted stock.tenacap.com · read 29 Sep 2026
- Financing
- The product can model priced rounds, convert outstanding SAFEs and notes, and calculate exit waterfalls.tenacap.com · read 29 Sep 2026
- Imports and exports
- It supports importing from Carta, Pulley, its workbook, or a spreadsheet, and exporting CSV, open-schema JSON, or a complete archive.tenacap.com · read 29 Sep 2026
- Integrations
- The maker lists Carta and Pulley as cap table import sources and says third-party services such as partner 409A valuations are pass-through priced.tenacap.com · read 29 Sep 2026
- Limits
- The maker describes V1 as focused on US Delaware C-corps and says international entities are not on its V1 or V2 roadmap.tenacap.com · read 29 Sep 2026
- Product
- Tenacap is a cap table platform for managing a company’s equity from incorporation through priced rounds.tenacap.com · read 29 Sep 2026
- Security
- The maker says traffic uses TLS with HSTS, sensitive fields are encrypted with AES-256-GCM, and passwords are hashed with Argon2id.tenacap.com · read 29 Sep 2026
- SOC 2
- The security page says Tenacap is building toward a formal SOC 2 examination.tenacap.com · read 29 Sep 2026
- Support
- Tenacap’s help center offers step-by-step guides without requiring a login.tenacap.com · read 29 Sep 2026
