What Capbase does

Capbase is a San Francisco-based digital governance and startup management SaaS platform founded in 2018 that helps early-stage founders incorporate Delaware corporations, manage cap tables, issue equity, raise funds from investors, and handle employment and compliance documentation. The cloud-based product combines Delaware corporation formation, real-time cap table management with automatic updates upon contract signing, SAFE and convertible note issuance, investor CRM, a virtual data room, board setup, and integrations with banking (Mercury, Brex), HR/payroll (Gusto, Deel), and productivity tools (Google Workspace, Slack, GitHub, AWS). Capbase itself operates as a licensed Delaware registered agent, allowing it to file state documents directly. The platform is delivered as a self-serve product-led growth offering, with founders able to sign up and incorporate in under 10 minutes, supported by an SEO-driven content marketing engine covering incorporation, equity, fundraising, and compliance topics.

Capbase monetizes through tiered annual subscriptions: an Early-Stage tier at $999/year covering incorporation, stock issuance, cap table management, and unpriced-round fundraising, and a Growth-Stage tier at $4,999/year for companies pursuing priced rounds and 409a valuations, with onboarding fees available for companies already incorporated. The company serves a long-tail of early-stage startup founders as its primary customer segment, with secondary exposure to existing pre-incorporated companies and, following its October 2025 acquisition by Mainstreet, the broader small business market. The customer base is described as 'hundreds of startup founders,' with no large enterprise anchors and only small reference customers such as Global RCG Inc., Rita Health (Women AI Inc.), and Clutch Wallet.

The company's only disclosed funding round closed in September 2021 with participation from Clocktower Technology Ventures, LAUNCH, and The Syndicate.com; no dollar amount was disclosed, and headcount remained in the 11-50 band. In October 2025, Capbase was acquired by Mainstreet to be combined into a 'first founder and small business operating system' that integrates company formation with payroll, accounting, tax credits, banking, and benefits. The acquisition also established a preferred partnership with Deel for hiring and compliance, alongside existing partner-perk relationships with AWS, Vouch, Bench, HubSpot, and Slack. Co-founders Greg Miaskiewicz (CEO) and Stefan Nagey led the company prior to the transaction.

Name

Capbase

Legal name

Capbase Inc

Website

https://capbase.com

Company type

Private

Founded year

2018

Operating status

Acquired

Headcount range

11–50 employees

Short description

Capbase is a SaaS platform that helps early-stage startup founders incorporate Delaware corporations, manage cap tables, issue equity, and raise funds via annual subscriptions ($999–$4,999). It was acquired by Mainstreet in October 2025 to become part of a broader founder and small business operating system.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Annual Subscription (Early-Stage Tier): Annual subscription at $999/year covering incorporation, stock issuance, board setup, cap table management, and fundraising for unpriced rounds. Price remains fixed until a priced round is raised.
2. Annual Subscription (Growth-Stage Tier): Annual subscription at $4999/year for companies pursuing priced rounds and 409a valuations. Includes conversion of fundraising documents to shares and issuance of options.
3. Onboarding Fee (Existing Companies): Companies already incorporated may pay an onboarding fee to import their existing company onto the platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Capbase is a digital governance SaaS platform that helps early-stage startup founders form Delaware corporations, manage cap tables in real time, issue stock and stock options (with automatic 83(b) election filing), raise funds via SAFEs and convertible notes, set up boards and bylaws, and onboard employees and contractors. The platform also provides a licensed Delaware registered agent service, an investor CRM, a virtual data room for due diligence, and an integrated partner hub (Capbase Connect) linking founders with banking, payroll, insurance, cloud, and bookkeeping services.

Product overview

Capbase is a single unified platform providing all-in-one startup management software. The core Capbase Platform integrates multiple modules including Delaware Corporation Formation, Equity Management & Cap Tables, Stock Issuance & Vesting, Fundraising Tools (SAFEs & Convertible Notes), Employee Hiring & Onboarding, Document Room & Data Room, and Board of Directors Setup. Users access these modules through a single subscription with two pricing tiers: Early-Stage ($999/year) for incorporation through unpriced rounds, and Growth-Stage ($4,999/year) for priced rounds. The platform also includes complementary tools like the Startup Equity Calculator and the Capbase Connect partner hub.

Differentiator

Problem solved

Functional benefit

Products and services

• Capbase Platform All-in-one startup management software platform that enables founders to incorporate Delaware companies, manage equity, issue stock, raise funds from investors, onboard new hires, and maintain compliance under a single subscription.
• Delaware Corporation Formation Standalone service for forming Delaware C corporations with state filings, registered agent services, and corporate structure setup that investors expect from startups; registration typically completes in 3 business days.
• Equity Management & Cap Tables Real-time cap table software that automatically updates whenever equity is issued to employees, consultants, or advisors, or when an investment closes, enabling founders to track ownership and maintain investor-ready records.
• Stock Issuance & Vesting Productized stock issuance service for founder shares, restricted shares, and stock options, with customizable vesting (including cliffs and double-trigger acceleration) and automatic 83(b) election filing.
• Fundraising Tools (SAFEs & Convertible Notes) End-to-end fundraising workflow for issuing SAFEs and convertible notes, including an investor CRM, Chrome extension for research, signature processing, wire transfer tracking, and automatic cap table updates on close.
• Employee Hiring & Onboarding Service that generates the legal contracts needed to hire employees and contractors, issues equity compensation, and integrates with payroll providers for end-to-end onboarding.
• Document Room & Data Room Secure virtual data room for storing and sharing all company contracts and legal documents, with automatic organization as equity is issued or money is raised and access controls for investor due diligence.
• Board of Directors Setup Standalone governance setup service for forming a board of directors, adopting bylaws, and managing corporate governance documentation for newly formed startups.
• Startup Equity Calculator Standalone interactive calculator tool that helps founders determine equity splits among co-founders and model equity distribution scenarios.
• Capbase Connect Partner integration hub that connects Capbase users with third-party startup services including payroll, insurance, bookkeeping, cloud computing, banking, and marketing tools, often with exclusive discounts.

Quantifiable outcome

• Save $25,000+ on software & services for your startup when you sign up with Capbase
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core, minor and flagship.

• DeelcoreStrategic or Co-development Partner · 1 October 2025Preferred partnership established through Mainstreet acquisition. Deel enables Capbase to jointly support businesses with hiring, compliance, and company formation needs. Capbase offers 30% off SaaS fees for the first year when using Deel for payroll and compliance.
• MercurycoreTechnology or IntegrationIntegration with Mercury allows founders to sign up for a new company bank account in minutes. Founders can connect their Mercury bank account to Capbase to accept payments for equity and investments through Plaid SDK.
• BrexcoreTechnology or IntegrationIntegration with Brex allows founders to sign up for spend management including deposits, payments, and credit cards. Capbase customers earn up to 30,000 points ($300 value) after signing up.
• GustocoreTechnology or IntegrationIntegration with Gusto allows companies to onboard employees quickly and correctly on the first day. Capbase handles stock options and offer letters while Gusto handles employee benefits administration.
• AWS (Amazon Web Services)minorGTM or Marketing PartnerCapbase customers are eligible for up to $5,000 in AWS credits to help offset cloud computing costs for early-stage startups.
• VouchminorGTM or Marketing PartnerPartnership offering up to 25% discount on business insurance for startups that sign up through Capbase.
• BenchminorGTM or Marketing PartnerPartnership offering 30% off for the first 3 months of bookkeeping services for Capbase customers.
• HubSpotminorGTM or Marketing PartnerCapbase companies receive 30% off HubSpot marketing and sales software for the first year, and 15% off ongoing.
• MainstreetflagshipStrategic or Co-development PartnerMainstreet acquired Capbase in October 2025 to build what they call the first founder and small business operating system. The acquisition combines Capbase's tools with Mainstreet's existing platforms for payroll, accounting, tax credits, banking, and benefits.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Others

• Brex: Brex is a startup-focused spend and banking platform and a Capbase integration partner; it overlaps in serving early-stage founders with embedded financial tooling that could be extended into formation flows.
• Mercury: Mercury is a startup-focused digital bank that integrates with Capbase via Plaid; it is a partner rather than direct competitor but serves many of the same early-stage startup customers with overlapping banking-adjacent workflow tools.

Emerging players

• Carta: Carta is a larger cap table and equity management platform serving venture-backed companies; it overlaps with Capbase's cap table, equity issuance, and 409a valuation offerings but operates at a higher end of the market.
• doola: doola offers US company formation, bookkeeping, tax, and compliance for global founders; it competes with Capbase's combination of formation plus ongoing finance ops, especially for non-US founders forming Delaware companies.

Direct peers

• Clerky: Clerky is a direct competitor providing attorney-drafted legal paperwork for startup formation, equity issuance, and 83(b) elections, and was acquired by LegalZoom, giving it distribution resources comparable to Capbase post-Mainstreet.
• NorthWest Registered Agent: NorthWest is a direct competitor providing Delaware registered agent and LLC/Corp formation services; Capbase incorporates registered agent service into its subscription and competes head-on for new entity formations.
• Firstbase: Firstbase provides US company formation, EIN, and banking setup for global founders; it directly competes with Capbase in onboarding international founders to Delaware C-Corps and forming US entities.
• Stripe Atlas: Stripe Atlas directly competes with Capbase by helping founders incorporate a Delaware C-Corp, get an EIN, open a bank account, and access starter tools; both target first-time founders with bundled incorporation + financial tooling.

Broad incumbents

• LegalZoom: LegalZoom is a broad incumbent in business formation and legal paperwork (and now owns Clerky); it overlaps with Capbase's incorporation and legal document generation flows at a more SMB/consumer level.
• Gusto: Gusto is a broad incumbent in SMB payroll, benefits, and HR; post-Mainstreet acquisition, Capbase competes/cooperates with Gusto for onboarding flows where Capbase handles equity and Gusto handles benefits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/capbaseinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capbase