Fundwave
Affordable fund accounting software with transparent published pricing
4.5From $1,000/moBest for Emerging managers and solo GPs who want software-priced fund accounting
Fund Accounting Software Self-Serve Emerging Managers
Overview
Fundwave is fund administration software for VC and PE managers covering capital calls, distributions, investor equalizations, NAV allocations, and fund accounting, with optional investor portal and portfolio modules. Unusually for the category, it publishes pricing, with fund admin plus portal plans starting around $1,000/month per fund (up to $50M AUM) plus a one-time onboarding fee.
Key features
- Capital calls, distributions, and investor equalizations
- NAV allocations on commitment with a fund policies engine
- Multi-close and transfer commitment handling
- Investor portal and custom reporting
- Cashflow, IRR, and portfolio tracking modules
Pros
- Rare transparent, published pricing in fund administration
- Modular: buy only admin, portal, or portfolio as needed
- Cost-effective for emerging managers and SPV-heavy structures
Cons
- Software only — you still need in-house or outsourced accountants to run it
- Smaller vendor with a lighter services bench than full-service administrators
- Onboarding fees ($2,000-$4,500+) on top of the subscription