Carta Fund Management vs Hemrock
Carta Fund Management
carta.comHemrock
hemrock.comSide by side
| Figure | Carta Fund Management | Hemrock |
|---|---|---|
| Price from | — | $1.67/mo |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | Yes |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 2 | 11 |
| Spec score · Fund Administration Software | 7.5 (#16) | 8.7 (#1) |
| Founded | 2012 | 2005 |
| Integrations | Fund Management lists Ramp for expense management and supports banking connections through direct and indirect APIs. | A prebuilt, one-way Affinity integration imports deal and relationship data into portfolio and diligence views; webhooks are listed as coming soon. |
| Intended users | The suite is presented for venture capital, private equity, and private credit funds. | Hemrock describes Portfolio for SPVs, solo GPs and emerging managers, angels and syndicates, and micro and seed funds. |
| Support | Fund Management customers can work with a dedicated team of experienced fund accountants for advice and support. | Every purchase includes free email, phone, and WhatsApp support for understanding and using the models. |
Plans
Carta Fund Management
- Advanced ERPPriced on request
- Standard ERPPriced on request
Hemrock
- Free pay-what-you-want toolsFree
- Self-hostedFree
- Cap Table & Exit Waterfall API/MCP compute$20 a year
- Fund Economics API/MCP compute$20 a year
- How to build fund infrastructure with AI workshop$75, paid once
- Standard Financial Model$149, paid once
- Cap Table, Exit Waterfall, and Portfolio Construction workshop$175, paid once
- Hosted$250 a month
- Working session$395, paid once
- Setup and support$2,500, paid once
In their own words
Carta Fund Management
Carta Fund Management has no write-up on Specifiction yet; its figures are above.
Hemrock
Hemrock Portfolio is an open-source platform for venture funds that turns company updates into structured metrics, dashboards, monitoring and LP reporting. Users can forward PDF, Excel, PowerPoint or plain-text updates; AI extracts metrics and flags uncertain results for review. The platform charts MRR, burn, headcount and custom KPIs over time, and can draft quarterly LP letters and investor report cards. It supports user-provided AI keys for Anthropic, OpenAI, Google Gemini and OpenRouter, as well as local models through Ollama. Designed to run on a customer’s own infrastructure, database and AI keys, it is described by Hemrock as keeping portfolio data separate from other funds and out of model training. The Apache License 2.0 permits personal or commercial use. Optional Fund Operations adds a double-entry ledger for funds, SPVs, direct deals or GP entities, plus period closing and a compliance calendar. Self-hosted use is free; Hosted starts at $250 a month, and Setup and support starts at $2,500, paid once.