Replaces Carta ($1,500+/yr per company)
You have equity positions in 12 companies across two funds, each with different share classes, option pools, and co-investors. If the only way you can see your total ownership picture is by opening six different spreadsheets, you need a better system.
Start your free trialWhen you made your first three investments, a Google Sheet with company name, shares, and ownership percentage was fine. By the time you hit ten portfolio companies — each with preferred shares, common stock, SAFEs converting at different caps, and option pools diluting everyone — that spreadsheet becomes a liability. One wrong cell reference and you're reporting incorrect ownership to your LPs.
Carta solves this, but at $1,500+ per year per company. For a fund with 15 portfolio companies, that's over $22,000 annually just to see your ownership positions. And Carta's cap table is designed for company-side administration, not fund-side portfolio management. You end up with 15 separate Carta logins and no unified view of your fund's total equity exposure.
Archstone is built from the GP's perspective. Every ownership position lives in one place, organized by company but rolled up at the fund level. You see your total invested capital, current ownership percentages, and aggregate MOIC without switching between tabs or waiting for a portfolio company to update their records.
Drill into any portfolio company to see your fund's shares, ownership percentage, share class, and cost basis. View your position alongside founders, other investors, and the option pool on a single cap table — updated automatically as new rounds close.
See every ownership position in your fund rolled up into one view. Total capital deployed, weighted average ownership, aggregate MOIC, and unrealized value — the bird's-eye portfolio snapshot your LPs ask about every quarter.
Track preferred shares, common stock, and convertible instruments separately with their specific terms — liquidation preferences, participation rights, anti-dilution provisions. Know exactly what your shares are worth in every exit scenario, not just the headline ownership number.
See how employee option pools affect your fully diluted ownership. Track pool size, grants issued, and remaining allocation so you're never surprised when a portfolio company expands their pool before a new round and your ownership drops more than expected.
See who else is on the cap table alongside your fund. Track co-investor names, ownership percentages, and share classes. When a follow-on round opens, you already know which investors have pro rata rights and who might be looking to sell secondaries.
Every change to your ownership is logged with timestamps: initial investment, follow-on rounds, SAFE conversions, option pool expansions, secondary sales. See the full dilution story from day one and explain it to your LPs with a clean historical audit trail.
Pull a fund-level ownership summary showing each company, your stake, current valuation, and MOIC. Export to PDF and drop it directly into your LP letter. No more manually compiling data from a dozen sources the night before a report is due.
A portfolio company announces their Series B. Open their cap table in Archstone and see your current ownership, the proposed dilution, and exactly how much capital you need to maintain your position. Make the follow-on call with confidence instead of guesswork.
Before every board meeting, pull the company's cap table to review all shareholders, option pool utilization, and recent ownership changes. Know exactly who has what stake and what governance rights so you're never caught off guard during voting discussions.
You enter your fund's position data — shares, cost basis, share class — when you record an investment. Archstone tracks your fund's ownership from your perspective, so you don't need the portfolio company to grant you access to their cap table software. If a company shares their cap table export, you can import it to see all shareholders.
Yes. If you manage Fund I and Fund II, each with positions in overlapping portfolio companies, Archstone keeps them separate while giving you a consolidated view. You can see your total exposure to a single company across both funds or filter by individual fund for LP reporting.
When you record a new funding round in Archstone, your ownership percentage recalculates automatically based on the new shares issued and your participation. You enter the round terms once, and every metric — ownership, dilution, MOIC — updates across all views and reports instantly.
Carta is built for company-side cap table administration — issuing stock, 409A valuations, equity compensation. Archstone is built for fund-side portfolio management. You get a unified view of every ownership position across all your portfolio companies in one dashboard, at a fraction of the cost.
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