Cap Table Management platforms maintain the authoritative ownership ledger for private companies — tracking share classes, equity issuances, option grants, SAFE and convertible note conversions, and producing the cap table reports required for 409A valuations, fundraising, and audit. Core capabilities include share registry management, option and warrant tracking with vesting schedules, SAFE and convertible instrument modeling, 409A valuation support, waterfall analysis, scenario modeling for funding rounds, and employee equity plan administration. The category spans dedicated cap table platforms (Carta, Pulley, AngelList Stack, Ledgy) targeting venture-backed startups and growth-stage companies.