Pulley vs Carta vs Lovie: Which Cap Table Platform Should You Choose?

If you are comparing Pulley vs Carta vs Lovie in 2026, start with the decision that changes the whole shortlist: Pulley says its operations and services end on December 8, 2026, with limited data access through January 31, 2027. 1 That makes Pulley a migration task, not a sensible future-state platform for a new cap table.

The remaining choice is about fit. Carta is the broader option for teams that need equity operations and the compliance capabilities listed across its plans. Lovie is the more focused option for founders who want an AI-native cap table, transparent company-based monthly pricing, assisted imports with a review step, scenario modeling, and MCP access. The reviewed public Lovie pages do not list native 409A valuations, ASC 718, or specialized equity-plan administration, so this is not a claim of total feature parity.

At a glance

This matrix compares vendor-published scope, not independently tested feature performance. Pricing, plan inclusions, and migration terms were last verified on September 22, 2026; obtain current written scope before purchasing or migrating.

The table is intentionally narrow. It compares published service boundaries and does not imply that a plan name, feature label, or import workflow covers every legal, tax, or equity-administration requirement.

First, deal with the Pulley deadline

Pulley’s official notice separates three dates. Customers must opt in by November 30, 2026 to use Carta’s collaborative migration process; after that cutoff, Pulley gives no guarantee on timing, pricing, or disruption to service. The app experience and Pulley team support end on December 8, 2026. Limited data access remains through January 31, 2027. 1 Existing customers should log in and check their account status because a new Carta agreement is still required.

That offer is not a universal, automatic transfer. Pulley says the Carta process requires a new Carta agreement; customers may choose another provider, but Pulley cannot assist that migration. 1 If you are evaluating Lovie, assume you own the work of exporting, preserving, importing, and reconciling your records. Do not wait until December to start.

Carta: the broader compliance and equity-operations fit

Carta is the broader fit when a cap table is part of a larger equity-operations program. Its public pricing page lists 409A valuations in Grow and ASC 718, Rule 701, IFRS, and exit modeling in Scale. SAFE modeling is listed in Core and priced-round modeling in Build. 2

White-glove onboarding is listed with Build and higher plans. Carta’s switching guide says a dedicated implementation team handles migrations, with timing dependent on company size and complexity. 2 3

Carta Launch is listed as free for up to 25 stakeholders and up to $1 million raised. Paid packages use stakeholder-based pricing, include a minimum annual fee, and require contacting sales for an exact quote. 2 Choose Carta when these compliance and equity-plan workflows are central, and ask for written scope covering entities, valuation needs, reporting obligations, and migration responsibilities.

Lovie: a focused, AI-native option with company-based pricing

Lovie CapTable’s public product page describes an AI-native cap table that imports records, extracts stakeholders, SAFEs, and rounds, and presents the result for review before saving. It also lists dilution and exit modeling and MCP access. 4

The first 14 days are free; AI Manage is $99 per company per month and Human in the Loop is $199 per company per month, including hands-on import and cleanup. 4 These are company-based prices rather than stakeholder-based paid tiers, though buyers still need to check legal and compliance requirements.

Migration is assisted, not automatic. Lovie’s public converter documentation lists CSV, PDF, and XLSX import, structured extraction, and a human review checkpoint before saving. 7 It does not promise one-click completion or zero data loss, so the original export and supporting documents remain essential for reconciliation. MCP access is listed publicly; the current product content describes OAuth-secured access that is read-scoped by default, with write tools separate and clearly marked. 4

Lovie is not presented as a full Carta substitute. The reviewed public Lovie pages do not list native 409A valuations, ASC 718, Rule 701 or IFRS workflows, or specialized equity-plan administration. If you need them, confirm the required scope before switching.

How to choose by workflow

Choose Carta first when compliance and equity administration drive the decision. This is the clearest fit if you need the capabilities Carta lists for Grow or Scale, including 409A valuations or ASC 718, Rule 701, and IFRS support. Confirm the exact plan and deliverables; a plan label is not a substitute for a requirements review. 2

Choose Lovie first when you want a focused cap table that your team and AI tools can work with directly. Lovie’s public offer centers on assisted import, review before save, dilution and exit modeling, MCP access, and two company-based monthly plans. 4 That can suit a founder-led team that wants a clear starting price and the option to add hands-on help through Human in the Loop.

Treat Pulley as the system you are leaving. Even if an assisted Carta transition is available, the shutdown deadline still requires action. Export and archive first; then select Carta or Lovie based on the work that must continue after December 8, 2026. 1

A practical decision tree

Use this as a first pass, then validate the result with your finance lead, counsel, and the vendor’s written scope.

1. Are you still operating your cap table in Pulley? If yes, export now, preserve the supporting documents, and review the replacement table before Pulley service ends. If no, continue with your requirements review.
2. Do you require 409A valuations, ASC 718, Rule 701, IFRS, or specialized equity-plan administration? If yes, start with Carta’s listed plan scope and confirm the exact deliverables and price in writing. If no, continue.
3. Do you want an AI-native cap table with MCP access, scenario modeling, and company-based monthly pricing? If yes, evaluate Lovie’s current public plans. If no, compare Carta’s broader equity-operations scope with other live providers against the same written requirements.

If the answer falls between branches, request a product walkthrough using your actual cap table and a written list of required outputs. That is more reliable than choosing from a feature checklist alone.

Pulley migration checklist

1. Log in before the relevant cutoff. Check your Pulley account status now. If you want Carta’s collaborative migration process, Pulley says you must opt in by November 30, 2026; app access and team support end December 8. 1
2. Download the latest full export. Pulley’s Help Center documents a direct Cap Table → Download Cap Table route. The dialog defaults to All time, allows an end date when All time is cleared, can include drafts, and generates an Excel .xlsx file. 5 6
3. Use the reporting fallback if needed. Pulley also documents Company → Reports → Detailed Cap Table → Generate Report, which produces an Excel report with the capitalization summary and security ledgers. 5
4. Keep the original files unchanged. Save the full-dilution export, dated snapshots used for reconciliation, and an export log. Do not overwrite the source workbook after editing.
5. Archive the records the workbook may not contain. Preserve signed agreements, SAFE and note documents, option-grant records, vesting terms, board and stockholder approvals, financing documents, and valuation or reporting files separately. Pulley’s export documentation describes the ownership and security information in the workbook; it does not promise that every signed document or attachment is inside it. 5 6
6. Prepare the import. If you use the Pulley converter, treat its output as a working file and retain the original export. You can also review Lovie’s Pulley alternative and migration guide for the broader transition context.
7. Import and review. Lovie’s public pages list CSV, PDF, and XLSX import, extraction of stakeholders, SAFEs, and rounds, and review before saving. Human in the Loop includes hands-on import and cleanup. 7 4
8. Reconcile before relying on the new table. Compare stakeholders, share classes, securities, grants, SAFEs, notes, warrants, vesting, rounds, and totals against the source files. Have the appropriate finance or legal reviewer resolve exceptions.
9. Run the scenarios you actually use. Recreate a financing-round, dilution, and exit scenario in the selected platform. Keep the source export and reconciliation notes as part of your migration record. 4
10. Update your operating links. For the live product, start with Lovie CapTable, then decide whether the Pulley converter is part of your repeatable workflow. The step-by-step export guide is also available at How to export your cap table from Pulley.

Frequently asked questions

Is Pulley shutting down?

Yes. Pulley says customers must opt in by November 30, 2026 to use Carta’s collaborative migration process. It will cease all operations and services on December 8, 2026, while limited data access remains through January 31, 2027. 1

When should I move my cap table away from Pulley?

Start now rather than waiting for the shutdown date. Export availability and the amount of reconciliation work vary by account. A current export, untouched originals, and the supporting legal records give you time to review the new table while Pulley is still accessible. 1 5

Will my Pulley data transfer automatically to Carta?

Do not assume automatic transfer. Pulley says eligible customers may qualify for an assisted Carta process, but that process requires a new Carta agreement. Pulley also says it cannot assist a migration to another provider. 1

Can Lovie import a Pulley cap table?

Lovie’s public converter documentation lists CSV, PDF, and XLSX cap-table import. Its AI extracts stakeholders, SAFEs, and rounds, then presents the result for review before saving. The workflow is assisted, so you should reconcile the imported records with your source export and supporting documents. 7

Is Lovie a complete replacement for Carta?

No product should be treated as a complete replacement without a requirements review. Lovie’s public offer focuses on cap-table records, assisted import, dilution and exit modeling, MCP access, and hands-on import help on Human in the Loop. The reviewed public Lovie pages do not list native 409A valuations, ASC 718, or specialized equity-plan administration. If those workflows matter, evaluate Carta’s listed plan scope and confirm the details in writing. 2 4

How much does Lovie CapTable cost?

Lovie lists a 14-day free period. After that, AI Manage is $99 per company per month, and Human in the Loop is $199 per company per month. Human in the Loop adds hands-on import and cleanup. 4

Which is better for a startup: Carta or Lovie?

There is no universal winner. Carta is the stronger fit when your requirements center on broad equity operations and the compliance capabilities it lists, including 409A valuations or Scale’s ASC 718, Rule 701, and IFRS support. Lovie is the focused fit when you want AI-native cap-table work, MCP access, scenario modeling, company-based monthly pricing, and an optional human-assisted import path. 2 4

Make the next step a requirements check

The safest choice is the one you can explain in one sentence: which workflows must remain reliable after Pulley closes, who will operate them, and what records must be produced for investors, employees, finance, tax, or counsel?

For an overview of the Lovie approach, visit Lovie CapTable. If you are actively leaving Pulley, read the Pulley alternative and migration guide, review the Pulley converter, and follow the export guide before the December deadline.

References

• 1 — Pulley: FAQ on the Pulley shutdown
• 2 — Carta: Plans and pricing for corporations
• 3 — Carta: Switching to Carta from AngelList or Pulley
• 4 — Lovie CapTable product page
• 5 — Pulley Help Center: Download an Excel of the cap table
• 6 — Pulley Help Center: Cap table basics
• 7 — Lovie: Free Pulley CSV and XLSX converter

Reviewed by the Lovie CapTable Editorial Team on September 22, 2026. Pricing, plan inclusions, and service status can change. Verify the linked primary sources and obtain a written scope before making a migration or purchasing decision.