Carta Fund Management vs Keel
Carta Fund Management
carta.com
Keel
keelmanager.comSide by side
| Figure | Carta Fund Management | Keel |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 2 | 7 |
| Spec score · Fund Administration Software | 7.5 (#16) | 8.5 (#3) |
| Integrations | Fund Management lists Ramp for expense management and supports banking connections through direct and indirect APIs. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Security | Carta’s Trust Center lists annual third-party audits, annual penetration testing, and a disaster recovery plan. | Keel states that it uses TLS/HTTPS in transit, AES-256-GCM application-layer encryption for sensitive data at rest, mandatory administrator MFA, role-based access, and tenant isolation. |
| Support | Fund Management customers can work with a dedicated team of experienced fund accountants for advice and support. | The site invites users to email [email protected] for security diligence questions and says a demo can be booked at [email protected]. |
Plans
Carta Fund Management
- Advanced ERPPriced on request
- Standard ERPPriced on request
Keel
- FreeFree
- FreeFree
- Starter£350 a month
- Single Fund£799 a month
- Multi-Fund£1,999 a month
- EnterprisePriced on request
- Enterprise$6,000 a month
In their own words
Carta Fund Management
Carta Fund Management has no write-up on Specifiction yet; its figures are above.
Keel
Keel is fund administration software for private equity, venture capital, family offices, search funds, and independent sponsors. Its workflows cover investor onboarding, commitments, capital calls, bank reconciliation, distributions, performance reporting, and tax tasks. For fund economics, it supports European and American distribution waterfalls, GP catch-up, carried interest, preferred returns, hurdles, and recallable capital. Investors can use a branded portal for capital-call notices, real-time account balances, statements, tax documents, and fund analytics. Its AI Suite reviews emailed capital-call notices, deal materials, and portfolio updates, but a manager must confirm before it creates or issues actions. Keel supports USD, EUR, GBP, and JPY fund currencies, plus K-1 and foreign-investor tax forms including W-8, 1042-S, and K-3. The Free tier costs nothing and covers one entity and up to 10 active investors. Listed paid plans start at £265 a month; the pricing note also says paid plans start at $500/mo. Keel administers single-entity funds today; multi-entity and master-feeder structures are coming soon.