Canopy (was Encarte) alternatives
7 products compared · Updated November 5, 2026
The short answer
Assure suits family offices, VC firms and syndicate leads that have closed at least three deals and want a hands-on SPV service team. Allocations suits solo GPs, syndicate leads and emerging VC managers who want an SPV or fund set up end to end, with flat published fees starting at $9,950. AngelList suits emerging and established venture fund managers who need fund administration, tax and K-1 preparation handled by one provider.
Your shortlist, at a glance
Read the comparisons ↓
CartaNot publishedStartups and venture firms that need cap table management, 409A valuations and fund administration in one system
AngelListCustom quoteEmerging and established venture fund managers that need full fund administration, tax and K-1 preparation under one provider- AAllocationsFrom $9,950 one-timeSolo GPs, syndicate leads and emerging VC managers who want an SPV or fund set up end to end
- JJuniper SquareNot publishedPrivate markets GPs running full funds who need investor relations, fund accounting and compliance on one platform
AssureNot publishedFamily offices, VC firms and syndicate leads that have closed at least three deals and want a dedicated SPV service team- DDoublehornSee websiteOther
- DDealMakerNot publishedFounders raising equity from a broad base of retail investors who want to keep control of valuation and terms
About Canopy (was Encarte) and its alternatives
Canopy (was Encarte) is investment fund infrastructure for private deals. According to its site, it is known for setting up SPVs and co-investments, collecting LP interest and e-signatures, wiring funds, and reporting to investors from one dashboard, with payment taken only after an opportunity is funded.
When comparing alternatives in this category, weigh the pricing structure first, since some tools publish flat fees and others quote only on request or charge per closing. Check which regions and investor types the product supports, whether it fits institutional LPs or retail investors, and which integrations and support levels come included. Read the contract terms too, including minimum fund sizes, fee escalation and what happens to your data if you leave.
Explore the alternatives
- Not published
1.Carta
Best for: Startups and venture firms that need cap table management, 409A valuations and fund administration in one system
- Pricing
- Not published
- Category
- Finance & Accounting
Carta is a platform for equity management, cap tables, fund administration and tax work across private capital. A team would pick it over Canopy (was Encarte) when the need is running the cap table, 409A valuations, or fund admin rather than co-investment deal flow and LP collection.
Where it is strong
- Covers cap table management, 409A valuations and fund admin in one platform
- Launch plan is free for companies under 25 stakeholders that raised up to $1 million
- Integrates with HRIS, payroll and finance tools such as BambooHR, Rippling and Ramp
Where it falls short
- Built around equity and fund administration, so it does not focus on co-investment syndicate deal flow the way Canopy (was Encarte) does
- Costs rise with stakeholder count and add-ons, which can add up for larger cap tables
- Pricing:
- Pricing is not published on the site.
- Custom quote
2.AngelList
Best for: Emerging and established venture fund managers that need full fund administration, tax and K-1 preparation under one provider
- Pricing
- Custom quote
- Category
- E-commerce
AngelList runs the back office for venture funds: formation, capital calls, distributions, tax, and reporting on one platform, with a Full Service tier for emerging managers. A team would pick it over Canopy (was Encarte) when it runs a traditional venture fund and wants fund administration, tax and K-1 prep handled by one provider rather than a deal-by-deal co-investment tool.
Where it is strong
- Covers formation, fund accounting, tax, K-1 preparation and investor reporting in one system
- Fund admin fees are fixed for years 1 to 10 for Venture Funds
- Offers Institutional and Full Service tiers, so firms can choose how much service they buy
Where it falls short
- Built around venture funds, so co-investment syndicates and SPVs are not the core focus
- Minimum fund size applies to both plans, which can exclude very small deals
- Pricing:
- Pricing is published only for Venture Funds, with an annual flat fee plus a percent of committed capital, a one-time implementation fee, and a fixed rate for years 1 to 10, though exact figures are not given in the page text.
- AFrom $9,950 one-time
3.Allocations
Best for: Solo GPs, syndicate leads and emerging VC managers who want an SPV or fund set up end to end
- Pricing
- From $9,950 one-time
- Category
- Other
Allocations builds and runs SPVs and funds, handling entity formation, bank accounts, legal documents, investor onboarding and closings from one dashboard. Someone would pick it over Canopy (was Encarte) if they want to launch a traditional SPV or a multi-asset fund with legal and admin included, rather than the co-investment syndicate and LP-communication tooling Canopy focuses on.
Where it is strong
- Legal, banking, entity formation and investor onboarding handled in one platform
- Flat fees published on the site, starting at $9,950
- Supports SPVs, funds and multiple closes, with a secondary market option through AllocationsX
Where it falls short
- Costs rise quickly once you exceed the included investor count or add asset types
- Its focus is SPV and fund administration, so it lacks Canopy's fundraising CRM and deal-marketing tools for founders
- Pricing:
- A Standard SPV is a one-time $9,950 fee, a Premium SPV is $19,500 one-time, and a Fund is an annual subscription, with additional fees for extra investors, closings or asset types.
- Switching from Canopy (was Encarte):
- Allocations offers a migration tool and team support to move an existing SPV over from another provider.
- JNot published
4.Juniper Square
Best for: Private markets GPs running full funds who need investor relations, fund accounting and compliance on one platform
- Pricing
- Not published
- Category
- Other
Juniper Square is a fund operating system for private markets managers, covering fundraising, investor onboarding, fund accounting, compliance and LP reporting on one data model. A team would choose it over Canopy (was Encarte) if they run full funds rather than single co-investment deals or SPVs, and need investor relations, CFO and operations work in the same system.
Where it is strong
- Covers the full fund lifecycle, from first close to final distribution, in one system
- Built on 12 years of private markets operations and used by more than 2,300 GPs
- Offers AI agents that work on the same fund data and permissions, with an audit trail
Where it falls short
- Its focus on full fund operations may be more than a team running only co-investments or SPVs needs
- Canopy (was Encarte) is positioned around lightweight deal syndication and one-click LP signing, which this page does not describe for Junip
- Pricing:
- Pricing is not published on the site.
- Not published
5.Assure
Best for: Family offices, VC firms and syndicate leads that have closed at least three deals and want a dedicated SPV service team
- Pricing
- Not published
- Category
- Other
Assure, which calls its service SPV Concierge, is a hands-on service for running special purpose vehicles from launch to shutdown. A dedicated team led by a Juris Doctor lead handles investor onboarding, tax, compliance and wind-down. A team would choose it over Canopy (was Encarte) when they want a human service team rather than self-serve software, and when they need flexibility across jurisdictions, structures and platforms.
Where it is strong
- A dedicated Juris Doctor team lead and trained associates are assigned to each client
- Not restricted to specific technology platforms, structures, jurisdictions or documents
- Can be engaged for the full life of an SPV or only for launch and closing
Where it falls short
- Targets clients who already run multiple deals, so it is a poor fit for first-time syndicate leads
- It is a service rather than self-serve software, so the team does the work instead of the client
- Pricing:
- Pricing is not published on the site.
- Switching from Canopy (was Encarte):
- Moving from Canopy (was Encarte) to Assure would mean handing the SPV administration to the Assure team instead of running it in Canopy's software, and the site does not say how migration of existing deal records would work.
- DSee website
6.Doublehorn
Other
Software for managing investor relations, capital calls and reporting for private funds and SPVs.
- DNot published
7.DealMaker
Best for: Founders raising equity from a broad base of retail investors who want to keep control of valuation and terms
- Pricing
- Not published
- Category
- Other
DealMaker runs a full equity raise from one system: a branded offering page, payments, KYC and AML through its own FINRA-registered broker-dealer, digital share issuance, and cap table management. A founder would choose it over Canopy (was Encarte) if they want to raise from retail investors and keep control of the valuation and terms, rather than work mainly with institutional LPs and SPV syndicates.
Where it is strong
- Handles payments, KYC, and AML through its own FINRA-registered broker-dealer
- Issues shares digitally and keeps the cap table and shareholder updates in one place
- Offers marketing tools and an in-house agency, or lets the founder run the campaign alone
Where it falls short
- The site does not publish pricing, so cost comparison needs a direct conversation
- Built around raising from retail investors, so it fits less well for a fund manager running SPVs for institutional LPs
- Pricing:
- Pricing is not published on the site.
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FAQ
Questions about Canopy (was Encarte) alternatives
What is Canopy (was Encarte) best known for?
According to its site, Canopy is known for investment fund infrastructure that handles SPV setup, LP interest tracking, e-signatures, wires and investor reporting. Its homepage describes it as streamlining administrative work for private equity co-investments and SPVs.
Which alternative should a family office or experienced syndicate lead consider?
Assure is the strongest fit for family offices, VC firms and syndicate leads that have closed at least three deals. It offers a dedicated Juris Doctor team lead and works across jurisdictions, structures and platforms.
Which option has published pricing for a single SPV?
Allocations publishes flat fees, with a Standard SPV at a one-time $9,950 and a Premium SPV at $19,500. Costs rise with extra investors, closings or asset types.
Which tool fits a venture fund that needs tax and K-1 work?
AngelList fits emerging and established venture fund managers who need formation, capital calls, distributions, tax, K-1 preparation and reporting under one provider. Its Venture Funds pricing has an annual flat fee plus a percent of committed capital.
Which alternative suits founders raising from retail investors?
DealMaker suits founders who want to raise equity from a broad base of retail investors while keeping control of valuation and terms. It handles payments, KYC and AML through its own FINRA-registered broker-dealer, but its pricing is not published on the site.
Last updated November 5, 2026.