Keel vs Selene
Keel
keelmanager.com
Selene
sciforn.comSide by side
| Figure | Keel | Selene |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | — |
| API | Yes | Yes |
| Plans published | 7 | 0 |
| Spec score · Fund Administration Software | 8.5 (#3) | 6.9 (#25) |
| Data residency | A dedicated database and data-residency option is listed for Multi-Fund and Enterprise plans. | Sciforn says software data is kept in Microsoft Azure data centres and the region used for a business's software is set out in its agreement. |
| Integrations | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. | The maker says data migration and custodian and prime-broker integration run alongside configuration during implementation. |
| Investor onboarding | Prospects can use branded data rooms, accreditation workflows and web subscription documents with electronic signatures. | Investor onboarding includes MiFID II classification, suitability assessment, FATCA/CRS self-certification, side letters and a regulatory audit log the page describes as never deleted. |
| Product | Keel is fund administration software for private equity, venture capital, family offices, search funds, and independent sponsors. | Selene is a fund operations platform spanning entities, fund structures, investor onboarding, capital calls, deals, NAV, waterfalls and reporting. |
| Security | 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. | Sciforn says its software encrypts data in transit and at rest, uses role-based access and single sign-on, and keeps an audit trail that cannot be edited or deleted. |
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.