Keel vs VCF.co
Keel
keelmanager.comVCF.co
vcf.coSide by side
| Figure | Keel | VCF.co |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 7 | 3 |
| Spec score · Fund Administration Software | 8.5 (#3) | 6.6 (#28) |
| Integrations | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. | The pricing page lists e-signature integration for Starter and custom integrations plus API access for Enterprise. |
| 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. | The privacy policy states that the platform uses TLS 1.2+ in transit, AES-256 for sensitive data at rest, role-based access controls, multifactor authentication, and regular penetration testing. |
| Support | The site invites users to email [email protected] for security diligence questions and says a demo can be booked at [email protected]. | Starter includes email support, Growth includes priority support, and Enterprise includes dedicated fund operations support and an account manager. |
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.