Fidelity Private Shares vs Qapita
Choose Fidelity Private Shares if you want equity records closely connected to corporate documents and fundraising workflows; choose Qapita if you manage stock plans across countries or want a published starting price for a paid plan. Both offer cap table management, a data room, scenario modeling, and a free plan for eligible early-stage companies. The deciding differences emerge as your team grows: Qapita publishes a price for its Surge plan and describes multi-country stock plan support, while Fidelity Private Shares emphasizes linked legal documents and automated equity financing.
Last updated October 27, 2026.
At a glance
| Dimension | Fidelity Private Shares | Qapita |
|---|---|---|
| First paid plan | Startup; price not published | Surge; $1,600 per year |
| International stock plans | Not published | Multi-jurisdiction plans; tax guides for 160+ countries |
| Free-plan eligibility | Launch: up to 25 stakeholders; less than $1M raised | Spark: up to 25 stakeholders; less than $1M raised |
| Paid-plan stakeholder limits | Not published | Surge: up to 40; $40 per additional stakeholder yearly |
| Document workflows | Linked data room and board consents on Launch | Data room on Spark; board consents on paid plans |
| 409A valuations | Included in Growth | Included in Growth and Enterprise; lower-tier add-on |
| Financial reporting | ASC 718 in Growth | ASC 718 and IFRS reporting in Enterprise |
| Integrations | HRIS and payroll integration in Growth | HRIS and SSO integrations offered on paid plans |
| Support | Premier support in Startup; priority onboarding in Growth | Email support in Surge; dedicated customer success manager in Growth |
| Fundraising tools | Scenario modeling; automated equity financing add-on | Funding-round modeling; liquidity programs offered |
| Fund administration | Not published | Fund administration offering |
Scroll the table sideways to compare each row.
Which should you choose?
Choose Fidelity Private Shares if
- Companies that want cap table entries linked to supporting documents
- Founders prioritizing board consents and fundraising workflows
- Teams seeking automated equity financing as an add-on
Choose Qapita if
- Teams administering stock plans across multiple countries
- Buyers who want a published starting price for a paid plan
- Companies considering full-service equity plan administration
- Fund managers seeking fund administration alongside equity management
The verdict
Fidelity Private Shares is the better fit for a company prioritizing board consents, linked equity documents, and fundraising workflows in one system. Qapita is the better fit for a company prioritizing multi-country stock plan administration and a stated price for its first paid tier. If you qualify for either free plan, compare the specific workflows you need next: both vendors set the free-plan threshold at up to 25 stakeholders and less than $1 million raised.
Fidelity Private Shares vs Qapita: common questions
- Are Fidelity Private Shares and Qapita both available?
- Yes. Fidelity Private Shares and Qapita both advertise active equity management plans, including free plans for eligible early-stage companies.
- Which has a free plan?
- Both do. Fidelity Private Shares Launch and Qapita Spark are free for companies with up to 25 stakeholders and less than $1 million raised.
- How much do the paid plans cost?
- Qapita lists Surge at $1,600 per year for up to 40 stakeholders, plus $40 per additional stakeholder per year. Fidelity Private Shares does not publish a price for its first paid plan, Startup.
- Which is a better fit for stock plans across countries?
- Qapita explicitly supports stock plan administration across multiple jurisdictions and publishes information about tax guides for more than 160 countries. Fidelity Private Shares does not publish comparable multi-country coverage.
- Can both handle a 409A valuation?
- Yes. Fidelity Private Shares includes 409A valuations in its Growth plan. Qapita includes a 409A valuation report in Growth and Enterprise and offers it as an add-on for lower tiers.
- Do both provide a data room and fundraising models?
- Yes. Fidelity Private Shares lists a data room and scenario modeling in its free Launch plan. Qapita lists a data room and funding-round modeling in its free Spark plan.
- Which connects equity records to corporate documents?
- Fidelity Private Shares describes a data room that links cap table activity to supporting documents and includes board consents in Launch. Qapita offers a data room in Spark and lists board consents on paid plans.
- Do they integrate with HR systems?
- Fidelity Private Shares lists HRIS and payroll integration in Growth. Qapita offers HRIS integration on paid plans, with availability depending on the plan or add-on selected.