Vistaley vs Carta vs Juniper Square: Which Fund Management Platform Fits Emerging Market VCs?
A head-to-head comparison of Vistaley, Carta, and Juniper Square for venture capital fund management — pricing, features, and emerging market support.
Choosing the right fund management platform is one of the most consequential infrastructure decisions a GP will make. For funds operating in emerging markets, the stakes are even higher — you need multi-currency support, jurisdiction-specific compliance, and pricing that doesn't assume a $500M AUM.
We built Vistaley because existing tools weren't designed for the markets where venture capital is growing fastest. Here's how we compare to two of the most well-known alternatives.
Overview
| Feature | Vistaley (VentureLens) | Carta | Juniper Square | |---|---|---|---| | Starting price | Free | ~$10,000/yr | Custom (enterprise) | | Emerging market focus | 12 jurisdictions | US/EU focus | US/EU focus | | Multi-currency | 20+ currencies native | Limited | Limited | | LP portal | Included from Growth tier | Add-on | Included | | Portfolio company tools | Harbour (free FP&A) | Cap table only | None | | Self-hosted option | Available | No | No |
Pricing That Makes Sense for Emerging Markets
Carta and Juniper Square price for established US-based funds. Minimum annual contracts often start at $10K+, with per-LP and per-entity fees that scale quickly.
VentureLens starts free for solo GPs managing a single fund. The Growth tier at $49/month supports 3 funds and 50 portfolio companies — that's less than a single month of most alternatives' annual contracts.
For a first-time GP raising a $5M fund in Dhaka or Ho Chi Minh City, the difference between free-to-start and $10K/year is the difference between having professional infrastructure and managing everything in Google Sheets.
Multi-Currency and Compliance
If your fund invests across Vietnam, Pakistan, and Bangladesh, you need a platform that understands multi-currency NAV calculations and jurisdiction-specific reporting.
VentureLens supports 20+ currencies natively and includes compliance templates for 12 emerging market jurisdictions including Vietnam, Pakistan, Bangladesh, Kazakhstan, Sri Lanka, Nepal, Philippines, Cambodia, Myanmar, Uzbekistan, Kyrgyzstan, and Tajikistan.
Carta and Juniper Square were designed for US regulatory frameworks. They can handle international funds, but it often requires workarounds and manual processes for emerging market-specific requirements.
The Two-Sided Advantage
The most unique aspect of Vistaley is the ecosystem approach. When a fund manager uses VentureLens, their portfolio companies get free access to Harbour — a full FP&A platform for tracking revenue, burn, runway, and investor reporting.
This creates a data flywheel: founders get a genuinely useful tool (not just a reporting obligation), and GPs get structured, real-time portfolio data without chasing emails every quarter.
Neither Carta nor Juniper Square offers an equivalent free tool for portfolio companies. Carta has cap table management, but that's a different use case from financial planning and analysis.
Who Should Choose What
Choose VentureLens if you're managing emerging market funds, need multi-currency support, want affordable pricing that scales with your fund, or want the portfolio company data flywheel.
Choose Carta if you're primarily US-based, need cap table management alongside fund admin, and have the budget for enterprise pricing.
Choose Juniper Square if you're a large, established fund manager focused on US real estate or PE, and want a proven enterprise platform.
Conclusion
There's no single best platform — it depends on where you operate, what you manage, and what you can afford. But if you're building venture capital infrastructure in emerging markets, VentureLens was built specifically for you.
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