Infra One vs Keel
Infra One
infra.one
Keel
keelmanager.comSide by side
| Figure | Infra One | Keel |
|---|---|---|
| Price from | $0.83/mo | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 10 | 7 |
| Spec score · Fund Administration Software | 7.3 (#20) | 8.5 (#3) |
| Integrations | Infra One offers Gmail integration using Google OAuth 2.0 with user permission. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Investor onboarding | Investors complete digital subscription flows, KYC/AML, and funding instructions inside the Infra One portal. | Prospects can use branded data rooms, accreditation workflows and web subscription documents with electronic signatures. |
| Security | Google data is protected with HTTPS encryption, access controls, encryption measures, and restricted personnel access. | 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. |
Plans
Infra One
- Essentials$2.50 a month
- Professional$7.70 a month
- Annual admin$10 a year
- Enterprise$15 a month
- Scale$200.15 a year
- Growth$200.20 a year
- Emerging$250.25 a year
- Mid-Market$450.12 a year
- Institutional$600.08 a year
- StarterPrice not published
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.