Fundwave
Depends
Confidence: Medium
Emerging VC and PE fund managers get cap tables, carried interest, reporting, and mobile apps in one tool.
New check
Comparison
Fundwave vs Carta
Fundwave and Carta both land on Depends.
Carta
Depends
Confidence: Medium
Buy if you're a venture-backed startup or VC fund that needs the market-standard cap table and fund-admin suite.
| Compare | ||
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Emerging VC fund managers | Venture-backed startups with complex cap tables |
| Who it's not for | Individual investors tracking a few deals; a spreadsheet does this | Pre-seed startups with a simple cap table . use a spreadsheet |
| Privacy | No known public vulnerabilities found in the sources reviewed.⁴ | Carta runs a public trust center and bug bounty, but had a 2024 customer-data privacy breach that forced it to shut its trading platform. |
| Support quality | No support evidence in sources | Complaints on Software Advice and Trustpilot |
| Public sentiment | Independent user reviews are sparse, and one FeaturedCustomers reference describes multi-year use of the product.10 | G2 ratings are solid but Reddit, Trustpilot, and Software Advice surface pricing, support, and trust complaints.16 |
| Biggest gotcha | Pricing is not published anywhere reviewed; get a written quote before you commit.⁷ | 2024 breach: customer data was misused to contact other customers' investors; trading platform shut down. |
Pick Fundwave when
- Emerging VC fund managers
- Small PE teams
- Solo GPs running one or two funds
- Teams wanting Excel-linked fund data
When Fundwave is not a fit
- Individual investors tracking a few deals; a spreadsheet does this
- Large institutions needing multi-entity enterprise fund administration
- Buyers who refuse sales calls; pricing is not published
- Anyone evaluating the unrelated lender FundWave Loans by mistake
Pick Carta when
- Venture-backed startups with complex cap tables
- VC funds needing fund administration
- Companies running tender offers or IPO prep
When Carta is not a fit
- Pre-seed startups with a simple cap table . use a spreadsheet
- Budget-sensitive teams wanting flat, predictable pricing
- Anyone unwilling to trust Carta with sensitive data post-breach
- Teams expecting responsive, hands-on support
Sources
official
- Fundwave - App Store - Appleapps.apple.comofficial
- Fundwave - Apps on Google Playplay.google.comofficial
- Product security pagefundwave.comsecurity
- Review Carried Interest Calculationsfundwave.comofficial
- API - first stepsfundwave.comofficial
- Fundwave Software Pricing, Alternatives & Morecapterra.comreview
- Fundwave Overview, Reviews, Pricingtrustradius.comreview
- Fundwave - review, pricing & alternatives - PE Stackprivateequity.toolsreview
- 10 Fundwave Customer Reviews & Referencesfeaturedcustomers.comreview
- Fundwave Reviews - 2026slashdot.orgreview
- Compare Fundwave To Other Fund Accounting Softwarecrowdreviews.comreview
- Read Customer Service Reviews of fundwaveloans.comtrustpilot.comreview
- AdvanceFundWave: Fraud or Spam? - Redditreddit.comnews
- Login to Fundwave (Invascent tenant)invascent.fundwave.comofficial
review