Mantle

What Mantle is

Mantle Equity is a web-based cap table management platform for startups. It tracks share classes and securities such as SAFEs, preferred stock, warrants, and RSAs, and supports option management. Mantle says its AI can read SAFEs, notes, term sheets, and other documents to help create an audit-ready cap table. Users can model fundraising rounds, dilution, and option pools using their real-time cap table. Built-in digital signatures support issuing grants and agreements, and customers can add counsel and other stakeholders without per-seat pricing. Starter is free and includes unlimited stakeholders, SAFE signing and templates, vesting schedules, scenario modelling, law firm integration, and exports. Essentials costs $1,200 a year and Growth costs $3,000 a year; Growth+ has no listed price. The Help Center says customers can download cap tables in Open Cap Table Format (OCX). Mantle states that it meets AICPA SOC 2 Type II standards, hosts the platform on Google Cloud in the US Central region, and uses 256-bit TLS encryption for information moving over the internet. It says customer data is not shared or sold.

Who it suits

Mantle suits startups tracking ownership, securities, and options, with plans described for inception, early-stage, growth-stage, and enterprise companies. Its stakeholder access and scenario modeling may fit teams working with counsel or modeling fundraising and dilution.

Limits

Starter is free and includes cap table exports, scenario modeling, and SAFE signing, but issuing and signing securities, board actions, option exercising, and ISO/NSO reporting begin with Essentials at $1,200 a year. Annual 409A valuation and VIP support require Growth at $3,000 a year.

Getting started

1. Open https://withmantle.com/.
2. Choose the free Starter plan or a paid plan.
3. Use the web platform to manage your cap table and stakeholders.

Verdict

Mantle brings cap table tracking, document workflows, scenario modeling, and signing into a web platform for startups. Starter covers core ownership tasks without a listed charge; teams needing paid-plan features should compare those against the annual prices and custom-priced Growth+ option.