Comparison
Raziel vs spreadsheets
Most private investors start with a spreadsheet in Excel or Google Sheets: one row per investment, columns for amounts and dates, and formulas for returns. 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
Investors with more than a few private positions who are tired of re-entering rounds, capital calls and statements by hand, and founders who want their pipeline, updates and cap table in one place.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose spreadsheets if
A handful of positions that rarely change, custom models only you need to read, and anyone who wants full control over every formula and layout.
Pricing: Free (Google Sheets, Excel on web and mobile) or Microsoft 365 from $99.99/year
Feature by feature
Raziel and spreadsheets, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Spreadsheets |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Anything you can type in a row, entered and updated by hand. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Partly Each capital call and distribution typed in manually. |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Partly Separate tabs or columns you maintain yourself. |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Partly GOOGLEFINANCE pulls quotes for listed securities, delayed up to 20 minutes. |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | Partly Manual values. |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | Partly Manual values or add-ons. |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Partly XIRR and your own formulas; you build and check them. |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | No Statements are read and retyped by hand. |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | No No company news on your holdings. |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Partly A pipeline tab you build and update yourself. |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | No |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | Partly Templates exist, maintained by hand. |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Yes Share files with view or edit access. |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Yes Excel and Google Sheets mobile apps. |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | Yes Google Sheets and Excel on the web are free. |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | Depends on your account settings File-level sharing; access to a file is access to every number in it. |
| More differences | ||
| Fully custom formulas and layoutsA spreadsheet can model anything you can write a formula for. | Partly | Yes |
| Re-marks positions when a company raisesIn Raziel, recording a round re-marks every position in that company. | Yes | No |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
Data entry
In a spreadsheet, every round, capital call and distribution is typed in by hand. Raziel lets you forward statements, notices and SAFEs, and its AI records the details against the right holding.
-
Returns you can trust
Excel’s XIRR handles irregular cash flows, but you build and maintain the formulas. Raziel calculates MOIC, IRR, TVPI and DPI from the cash flows you record, the same way for every position.
-
Marks that update
A spreadsheet holds the value you last typed. In Raziel, recording a new round re-marks every position in that company, and you get news and alerts on the companies you hold.
-
Sharing with control
Sharing a spreadsheet shares the whole file. Raziel workspaces have owner, editor and viewer roles, with mandatory multi-factor authentication for every user.
To be fair
Where spreadsheets is strong
No tool is right for everyone. These are the areas where spreadsheets does more than Raziel today.
- Free or already paid for, and almost everyone knows how to use one.
- Unlimited flexibility: any layout, any model, any asset, including the public equities, real estate and crypto that are still coming soon to Raziel.
- Nothing new to learn or migrate: you keep working in a file you already have.
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
Spreadsheets
Free (Google Sheets, Excel on web and mobile) or Microsoft 365 from $99.99/year
- Google Sheets: free with a Google account.
- Excel: free to use on the web, iOS and Android, per Microsoft’s plan comparison.
- Microsoft 365 Personal (desktop Excel): $99.99/year or $9.99/month.
As listed on October 28, 2026. Check spreadsheets’s site for current prices.
Switching
Moving from spreadsheets to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Sign up and import the spreadsheet you track your portfolio in today.
- Check that each holding landed with the right amounts and dates, and add anything that was missing.
- Forward new statements and capital call notices instead of typing them in.
- Record each new round once so positions re-mark and returns update automatically.
- Invite anyone you used to email the file to as an editor or a viewer.
Raziel vs spreadsheets: questions
Is Raziel better than a spreadsheet for tracking private investments?
For a few positions that rarely change, a spreadsheet works well. Once you hold more startups, SPVs or funds, Raziel saves the retyping: forward statements, record rounds once, and get MOIC, IRR, TVPI and DPI calculated for every position.
Can I import my existing spreadsheet into Raziel?
Yes. Spreadsheet import is one of Raziel’s integrations, so you can bring existing positions over and keep them current from there.
How does Raziel calculate IRR compared with XIRR?
Like XIRR, Raziel uses the dates and amounts of your actual cash flows, so irregular capital calls and distributions are handled. The difference is that you do not have to build, copy or audit the formulas.
Is a spreadsheet free?
Google Sheets is free, and Excel is free on the web and mobile. Desktop Excel comes with Microsoft 365 Personal at $99.99/year. Raziel’s Founder plan is free through 100 contacts, and the Investor plan has a 14-day free trial.
Sources
Where this information comes from
Product details change. Information about spreadsheets comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Microsoft 365 plans and prices (microsoft.com)
- Microsoft 365 Basic (free Excel on web and mobile) (microsoft.com)
- Microsoft support: XIRR function (support.microsoft.com)
- Computer Hope: Google Sheets (computerhope.com)
- Sheetgo: GOOGLEFINANCE function (sheetgo.com)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
More comparisons
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- Venture investing platform and fund administrator Raziel vs AngelList AngelList runs fund administration for venture funds, SPVs and syndicates, and gives the accredited investors (LPs) in those vehicles a portfolio dashboard with valuations, returns and tax documents. Read the comparison
- Fund management software and fund administration for GPs Raziel vs Juniper Square Juniper Square sells investor CRM, fundraising, investor portal and fund administration services to private markets GPs in real estate, private equity, venture and private credit. Read the comparison
Get started
Track every private position in one place
Start free on the Founder plan, or try the Investor plan free for 14 days.