Fundwave review
A broad fund-operations platform for teams managing up to 100 investors.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Fundwave is a cloud fund-management platform for venture capital, private equity, corporate venture, family office, impact, and fund-of-funds teams. It brings core administration and investor-facing work into one system, including capital call preparation and reconciliation, investor allocations and equalizations, NAV statements, capital accounts, fund accounting, reporting, investor portals, and closes. Web, iOS, and Android access support teams working across fund operations and investor relations.
Pricing is organized across three monthly plans. Fund Admin Seed costs $800 per month and includes capital calls and distributions, investor equalizations and closes, NAV allocations on commitment, fund accounting, and custom reporting. Fund Admin Growth costs $1,200 per month and adds carried interest calculations, excused investors, custom allocations, reporting across funds, and advanced reporting. Fund Admin Enterprise costs $1,800 per month and adds unlimited AUM, custom SSO/SAML, custom security questionnaires, and US, EU, and APAC data residency. Premier support is available as an add-on. Quarterly and annual billing options are also shown, with a 16.67% discount indicator.
The platform’s strongest fit is for teams that need more than a basic investor portal or spreadsheet workflow. Its accounting, automated journals, financial statements, layered performance-fee and carry allocations, liquidation waterfall scenario modelling, and approval workflows cover a wide operating range. Integrations with DocuSign, Microsoft Excel, and Google Sheets can support document signing and spreadsheet-based processes. Fundwave should suit funds seeking a broad administration system with investor reporting in the same environment. Smaller teams needing only simple tracking may find its scope and starting price difficult to justify, while funds with more than 100 investors should look beyond this verified limit.
Fundwave pros and cons
- Where it wins
- Covers calls, allocations, NAV, accounting, reporting, carry, and waterfalls
- Investor portal includes secure document rooms and dashboards
- Role-based access and four-eyes approval workflows support controlled operations
- Where it doesn't
- Verified investor limit is 100
- Starts at $800 per month
- Premier support is an add-on to the Enterprise plan
Fundwave fact sheet, pricing and score →
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