Comparison
Raziel vs Allocations
Allocations is an SPV and fund administration platform for GPs and angel syndicates, covering setup, investor onboarding, closing, K-1 filing and cap table management. Raziel is built for private markets: startups, SPVs, funds and entities, with founder tools under the same login.
Last reviewed October 28, 2026
At a glance
Which one fits you
Start with the portfolio you hold. Here is who each tool is built for, and what it costs.
Choose Raziel if
LPs and angels who invest across several platforms and directly, and want one portfolio with returns from their own cash flows, document import for every manager and founder tools. Allocations serves a different primary job: running the vehicle.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose Allocations if
GPs and syndicate leads who want flat-fee SPV or fund administration with investor onboarding, KYC and e-signature built in. If you are an LP, you use Allocations when your GP or deal lead has chosen it.
Pricing: SPVs from $9,950 one time, paid by the GP. No LP fee listed.
Feature by feature
Raziel and Allocations, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Allocations |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Startup positions held through Allocations SPVs and funds. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Yes Portfolio value, distributions, unfunded commitments and expected capital calls for Allocations vehicles. The dashboard can also hold an investment made outside the platform. |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Not listed Not described for investors. |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Not listed |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | Not listed |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | Not listed |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Partly An asset multiple and estimated value per position. IRR, TVPI and DPI are not described. |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | Documents for Allocations deals Subscription documents, statements and K-1s for deals on Allocations. Uploading outside documents is not described. |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | Not listed |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Deal pages for GPs Deal pages, a deal tracker and investor invitations for GPs raising an SPV. |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | Not listed |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | For SPVs and funds Cap table management for vehicles, not for an operating company you run. |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Not listed |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Not listed KYC, accreditation and e-signature work from any device; no app is listed. |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | No LP fee listed Fees are charged to the GP’s vehicle. |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | Not listed No security page or certification is listed. |
| More differences | ||
| Form and administer SPVs and fundsEntity, bank account and EIN setup, KYC, Reg D filings, K-1s and accounting. | No | Yes |
| Sign and wire into deals as an LP | No | Yes |
| Forward documents from any managerAllocations shows documents for its own vehicles. | Yes | No |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
A different primary job
Allocations is how a GP or syndicate lead forms, closes and administers a vehicle. Raziel is how an investor tracks every position they hold. An LP can invest through Allocations and keep the full portfolio in Raziel.
-
One platform’s vehicles versus your whole private portfolio
Allocations’ investor dashboard is built around vehicles run on Allocations, with an option to add an outside investment. Raziel is built to hold SPVs and funds from any administrator, direct SAFEs and priced rounds, and the entities that hold them.
-
Returns from your own cash flows
Allocations shows an asset multiple and estimated value per position. Raziel calculates MOIC, IRR, TVPI and DPI from the cash flows you record and re-marks every position when a new round is recorded.
-
Founder tools
Allocations’ deal pages and cap tables serve GPs running vehicles. Raziel’s founder tools are for startup founders: a fundraising pipeline, investor updates and a cap table for the company you run.
To be fair
Where Allocations is strong
No tool is right for everyone. These are the areas where Allocations does more than Raziel today.
- Full SPV and fund administration: entity and bank setup, investor KYC and accreditation, e-signature, Reg D filings, K-1s and accounting.
- Published flat fees for GPs with 0% platform carry.
- For LPs in its deals, documents, K-1s, distributions and expected capital calls appear automatically without manual entry.
Pricing
What each costs
Raziel
Founder free to 100 contacts. Investor $49/month after a 14-day trial.
- Founder: free through your first 100 contacts, then $29/month.
- Investor: 14-day free trial, then $49/month through 30 companies.
- Investor: $199/month for more than 30 companies.
- Paid plans auto-renew until you cancel.
See full pricing
Allocations
SPVs from $9,950 one time, paid by the GP. No LP fee listed.
- Standard SPV: $9,950 one time, up to 35 investors.
- Premium SPV: $19,500 one time, up to 50 investors.
- Fund: $19,500/year.
- Add-ons include $100 per additional investor and $1,000 per off-platform LP onboarded; distributions from $5,000.
- Allocations takes 0% platform carry. No investor-side fee is listed.
As listed on October 28, 2026. Check Allocations’s site for current prices.
Switching
Moving from Allocations to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Keep using Allocations to sign, wire and download K-1s for deals you join there.
- Start a 14-day Investor trial on Raziel and add each Allocations position in a few fields.
- Forward statements, capital call notices and SAFEs from your other managers so Raziel’s AI records the details.
- Record new rounds as they happen so Raziel re-marks positions and updates MOIC and IRR.
Raziel vs Allocations: questions
Is Raziel an Allocations alternative?
Not for GPs. Allocations forms and administers SPVs and funds. Raziel is a portfolio tracker for investors and founders. For an LP, Raziel complements Allocations by tracking those positions next to everything else you hold.
I invested through Allocations. Why use Raziel too?
Allocations’ dashboard is built around its own vehicles. If you also hold SPVs on other platforms, fund commitments or direct SAFEs, Raziel keeps them in one portfolio and calculates returns from your cash flows.
Do LPs pay to use Allocations?
Allocations does not list an investor fee. Its published prices are charged to GPs: $9,950 for a Standard SPV, $19,500 for a Premium SPV and $19,500/year for a fund.
Does Raziel prepare K-1s like Allocations?
No. Allocations files K-1s for its vehicles. Raziel tracks positions, cash flows and returns, and does not prepare tax documents.
Sources
Where this information comes from
Product details change. Information about Allocations comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Allocations investor portal (allocations.com)
- Allocations fees (allocations.com)
- Allocations SPV pricing (allocations.com)
- Allocations overview (audience, products, pricing) (allocations.com)
- Allocations fund administration (allocations.com)
- Allocations docs: investor dashboard (docs.allocations.com)
- Allocations docs index (docs.allocations.com)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
More comparisons
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