Provides a cloud-based equity management platform that streamlines cap table maintenance, stock option issuance, and 409A valuations for startups. It simplifies global equity administration by automating contract management, scenario modeling, and compliance, reducing reliance on spreadsheets and legal services while enabling fast, transparent employee onboarding and engagement.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TSFounders
Product
Problem
Startups often struggle with managing their equity, issuing stock options, and obtaining accurate 409A valuations, leading to administrative burdens and potential compliance issues. Traditional methods rely on spreadsheets and legal services, which can be time-consuming, costly, and prone to errors, especially when dealing with global teams.
Solution
Cake provides a cloud-based equity management platform designed to streamline cap table maintenance, stock option issuance, and 409A valuations for startups. The platform automates contract management, models equity scenarios, and ensures compliance, reducing the need for manual spreadsheets and extensive legal involvement. Cake simplifies global equity administration, enabling transparent employee onboarding and engagement by providing employees with a clear view of their equity value in real time. By offering features such as dynamic cap table management, automated contract handling, and tools for simulating capital raises, Cake empowers startups to manage their equity efficiently and make informed financial decisions.
Target Audience
Cake primarily targets startup founders, CEOs, CFOs, legal operations teams, and human resources professionals who need an efficient and scalable solution for managing equity and incentivizing employees.
Features
- Dynamic cap table management for tracking shareholders, investors, and stock option holders
- Stock option issuance with tools to design equity plans, configure vesting conditions, and maintain compliance
- Capital raise simulation and scenario modeling to assess the impact of new investment rounds on ownership
- Automated contract management for offer letters and vesting conditions, including electronic signature capture
- Employee portfolio access with a team app displaying real-time equity value
- Fast, audit-proof 409A valuations by expert startup appraisers
- Global equity management capabilities for issuing equity across borders
- Integration with legal partners for streamlined legal processes