Beonflow vs Fundwave

Beonflow is a web platform combining investor operations and compliance for German venture-capital funds. Its investor module covers LP registers, capital calls, distributions, capital account statements, and an LP portal. Fund teams can generate investor, NAV, and performance reports from fund data and export them as PDF or CSV. KYC and AML workflows include screening against politically exposed person, sanctions, and adverse-media lists, with evidence packages. AI extracts and cites information from fund documents, but a person must approve AI-assisted decisions. AI can be disabled per tenant, each tenant can choose its provider, and customer data is not used to train models. Beonflow runs on STACKIT, with data centres exclusively in Germany and Austria; fund data is encrypted in transit and at rest. Controls include immutable audit logs, MFA for critical actions, and separation between preparation and approval roles. Investor records, documents, and reports can be exported as CSV, PDF, or JSON, and tenant data is deleted within 30 days after termination. The private beta is onboarding a limited group of first- and second-fund German VC managers. The design-partner plan is free during the private beta.

Fundwave is a fund management platform for venture capital, private equity, SPVs, family offices, impact funds and fund-of-funds operations. Its administration tools cover investor closes, performance and management fees, automated journals, trial balances and financial statements. Portfolio features track investments, valuations, custom KPIs, co-investors, cashflows, IRRs and MOICs. Dealflow tools include a shared inbox, team tasks, pipeline analytics, round forecasts, deal captables and custom investment filters. Listed integrations include Slack, Dropbox, Google Drive, OneDrive, Zapier, DocuSign, Excel, QuickBooks and Xero. The maker says connections use HTTPS and TLS with 128-bit AES encryption, and that it undergoes annual SOC 2 audits. Backups are usually made each business day, with encrypted copies retained for 90 or 365 days depending on plan or product. Fund Admin Seed is $800 a month and allows up to $50 million AUM and 100 investors per fund. Growth is $1,200 a month, while Enterprise is $1,800 a month onwards and lists unlimited AUM and investors. All Products plans have separate onboarding fees.