Hemrock
7.8#1 in fund administration softwareFrom $20 a yearFree planWebAPISelf-hosted
VisitHemrock vs Keel
What both publish
| Fact | Hemrock | Keel |
|---|---|---|
| Fund economics | The Fund Economics Tool forecasts fees, carry, recycling, deployment pacing, and LP/GP returns. | It supports European and American distribution waterfalls, GP catch-up, carried interest, preferred returns, hurdles, and recallable capital. |
| Integrations | A prebuilt, one-way Affinity integration imports deal and relationship data into portfolio and diligence views; webhooks are listed as coming soon. | Plaid is used as the optional bank-data aggregation provider for connected-account reconciliation. |
| Product | Portfolio is an open-source platform for venture funds that turns portfolio-company updates into structured metrics, dashboards, monitoring, and LP reporting. | Keel is fund administration software for private equity, venture capital, family offices, search funds, and independent sponsors. |
Hemrock plans
- Free pay-what-you-want toolsFree
- Self-hostedFree
- Fund Economics API/MCP compute$20 a year
- Cap Table & Exit Waterfall API/MCP compute$20 a year
- How to build fund infrastructure with AI workshop$75, paid once
- Standard Financial Model$149, paid once
Keel plans
- FreeFree
- Starter£350 a month
- Single Fund£799 a month
- Multi-Fund£1,999 a month
- Enterprise$6,000 a month
Pick Hemrock if…
Hemrock Portfolio is aimed at SPVs, solo GPs and emerging managers, angels and syndicates, and micro and seed funds. It may suit funds that want to operate the platform on their own infrastructure and use their own AI keys.
Pick Keel if…
Keel is intended for private equity, venture capital, family office, search fund, and independent sponsor operations. Its investor portal and fund workflows may suit managers administering single-entity funds today.