Keel vs Archstone

Keel9.3Visit Archstone7.0Visit

Higher score Keel #2 in Fund Administration Software 9.3/10 Free plan · 30-day trial Free planFree trial✓ 5 of 5 features Visit Keel

vs

Archstone #25 in Fund Administration Software 7.0/10 14-day trial Free trial✓ 4 of 5 features Visit Archstone

• Keel fits best

  Funds prioritizing a free starting plan

• Archstone fits best

  Smaller funds wanting broad integrations

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Side by side

Feature	Keel 9.3/10 Visit ↗	Archstone 7.0/10 Visit ↗
At a glance
Editor score	9.3	7.0
Ranking	#2 in Fund Administration Software	#25 in Fund Administration Software
Best for	Funds prioritizing a free starting plan	Smaller funds wanting broad integrations
Pricing model	Free plan + paid	Paid
Starting price	$3,500/mo	$297/mo (best)
Free plan	✓ (best)	—
Free trial	30 days	14 days
Free trial length	30 days · card required	14 days · no card needed
Deployment	Cloud	Cloud
Platforms	Web	Web
Support	Email	Email
Compliance	SSO/SAML, 2FA	2FA
Integrations	1 integrations	20 integrations
Built for	Small business, Mid-market, Enterprise	Solo, Small business, Mid-market, Enterprise
Features Keel 5/5 · Archstone 4/5
Investor portal	✓	✓
Capital account tracking	✓	✓
NAV workflows	✓ (best)	Not checked yet
Allocation waterfalls	✓	✓
Capital call workflows	✓	✓
Specs
Investor limit	Not checked yet	25 investors
Our review
Pros	Free plan with a 30-day free trial Covers capital calls, waterfalls, NAV, reporting, and tax support Investor portal with capital accounts, statements, and analytics	Self-service LP portal with reporting, capital calls, and payment tracking Waterfall calculations, capital accounts, and compliance tracking in one platform Integrations include QuickBooks, Xero, Stripe, DocuSign, and HubSpot
Cons	Multi-fund capabilities are reserved for higher tiers Plaid is the listed integration Paid plans scale to $6,000 per month	No free plan; access starts with the paid Starter tier Enterprise pricing, service levels, and integrations require a custom agreement Its broad scope may exceed the needs of funds seeking a narrow administration tool
Our verdict	Keel is a cloud fund-administration platform for private-equity, venture-capital, family-office, search-fund, and independent investment managers. Its feature set covers investor onboarding, KYC, commitments, capital calls, bank… Read the review →	Archstone is hosted fund-operations and accounting-control software for emerging GPs, private-equity firms, syndicators, search-fund operators, and other private-capital managers. It brings together an LP investor portal, investor… Read the review →

Strengths and trade-offs

• Keel — where it wins

  • Free plan with a 30-day free trial
  • Covers capital calls, waterfalls, NAV, reporting, and tax support
  • Investor portal with capital accounts, statements, and analytics

  Where it doesn't

  • Multi-fund capabilities are reserved for higher tiers
  • Plaid is the listed integration
  • Paid plans scale to $6,000 per month

• Archstone — where it wins

  • Self-service LP portal with reporting, capital calls, and payment tracking
  • Waterfall calculations, capital accounts, and compliance tracking in one platform
  • Integrations include QuickBooks, Xero, Stripe, DocuSign, and HubSpot

  Where it doesn't

  • No free plan; access starts with the paid Starter tier
  • Enterprise pricing, service levels, and integrations require a custom agreement
  • Its broad scope may exceed the needs of funds seeking a narrow administration tool

• Keel9.3/10 · Free plan · 30-day trial

  A broad fund administration platform with a free plan and paid tiers for scaling managers.

  Visit KeelFull verdict →
• Archstone7.0/10 · 14-day trial

  A broad fund-operations platform for smaller funds that need investor workflows and integrations.

  Visit ArchstoneFull verdict →