fundflow vs Keel
fundflow
fundflow.nl
Keel
keelmanager.comSide by side
| Figure | fundflow | Keel |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Self-hosted | Yes | — |
| Plans published | 0 | 7 |
| Spec score · Fund Administration Software | 7.2 (#21) | 8.5 (#3) |
| Integrations | Fundflow says it can connect to bank feeds, custodians, accounting systems, email, and KYC providers when they have an API. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Investor onboarding | KYC/AML onboarding includes identity verification, sanctions and PEP screening, and CRS/FATCA classification. | Prospects can use branded data rooms, accreditation workflows and web subscription documents with electronic signatures. |
| Investor portal | The product offers a white-label investor portal for real-time NAV, documents, and communications. | Investors receive branded access to capital calls, balances, statements, tax documents and TVPI, DPI, MOIC and IRR analytics. |
| Product | Fundflow builds custom, agent-run back-office software for private capital. | Keel is fund administration software for private equity, venture capital, family offices, search funds, and independent sponsors. |
Plans
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
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.