How is equity management different from cap table software?

Cap table software records ownership. Equity management covers everything that changes it: option plans, warrant exercises, secondary transfers, fundraising and the approvals and documents around each of them.

Do I have to adopt everything at once?

No. Most companies start with the cap table, then add employee equity, data rooms or investor connections as they need them. The underlying record is the same throughout, so nothing has to be migrated later.

Solution

One operating system for private company equity.

Equity management usually means five tools that disagree: a cap table, an option tracker, a data room, an investor update tool and a folder of transfer documents. Perseids treats them as one system, because they all describe the same ownership.

Ownership

The register is the foundation: holders, classes and positions derived from an append-only transaction history. Every other surface in Perseids reads from it, which is why they cannot disagree with each other.

Securities

Shares, preferred classes, options, warrants, SAFEs and convertible notes are modelled with their own terms — caps, discounts, interest, strikes, vesting, expiry — rather than flattened into a share count with a comment next to it.

Employees

Grant holders get their own view of their own equity, with vesting and indicative value, without anyone exporting a spreadsheet. Companies manage pools, grants, exercises and leavers against the same records.

Investors

A company can connect its record to an investor's workspace so the investor's position reflects what the company recorded, with provenance on every figure instead of a quarterly PDF that is stale on arrival.

Transactions

Issuances, transfers, exercises, conversions and cancellations as first-class events.
Company-controlled secondary processes with approvals and rights of first refusal.
Strategic deals with structured terms and milestones.
Round closings that write the modelled outcome into the ledger once executed.

Documents

Permissioned data rooms belong to the same company record, so the documents that evidence a position sit next to the position itself.

AI intelligence across all of it

Because ownership, securities, people, transactions and documents are one dataset, Ask Perseids can answer questions that cut across them — what an employee's grant is worth after a modelled round, or which document supports a class right — while all authoritative changes stay in human hands.

Instead of tool-hopping
Typical stack	In Perseids
Cap table spreadsheet	Ownership ledger
Separate option tracker	Pools and grants on the same ledger
Standalone VDR	Data rooms attached to the company record
Investor update deck	Connected investor positions
Email approvals	Recorded approval steps on transactions

Cap table spreadsheet
In Perseids
Ownership ledger
Separate option tracker
In Perseids
Pools and grants on the same ledger
Standalone VDR
In Perseids
Data rooms attached to the company record
Investor update deck
In Perseids
Connected investor positions
Email approvals
In Perseids
Recorded approval steps on transactions

Frequently asked questions

How is equity management different from cap table software?: Cap table software records ownership. Equity management covers everything that changes it: option plans, warrant exercises, secondary transfers, fundraising and the approvals and documents around each of them.
Do I have to adopt everything at once?: No. Most companies start with the cap table, then add employee equity, data rooms or investor connections as they need them. The underlying record is the same throughout, so nothing has to be migrated later.

Put this into practice with Perseids.

Manage your equity with Perseids