Pricing

How much flows to your pocket?

Three tiers. The universe is free. Paid tiers unlock sharing, side-letter modeling, and team seats — and Analyst is free for a year if you help grow the universe.

Payments go live soon. Paid upgrades still route through the 3-PPM earn path or email.hello@wtrfalls.com →
Basic
Free

Browse the universe, score funds, run the numbers. Always free.

  • Full fund universe browse
  • Fund detail + scoring
  • Run the Numbers scenarios
  • Save up to 5 scenarios
  • Watchlist + dashboard
  • Compare up to 2 funds
  • Share scenarios via link
  • Distribution tracker (1 position)
  • Side-letter modeling
  • Team seats
Most popular
Analyst
$15/mo · $99 /yr

Everything in Basic plus compare, unlimited scenarios, and the full audit suite.

  • Everything in Basic
  • Unlimited saved scenarios
  • Compare up to 4 funds
  • Distribution tracker + PDF audit report
  • PDF distribution notice extraction
  • Priority PPM extraction
  • Side-letter modeling
  • Team seats
Upgrade · $99/yrMonthly · $15

Upload 3 validated PPMs and Analyst is free for 12 months — no card.

Institutional
$99/mo · $999 /yr · 5 seats

For allocators and family offices modeling real check sizes across funds.

  • Everything in Analyst
  • 5 team seats (add more at $15/seat)
  • Side-letter modeling (MFN, fee breaks, co-invest)
  • Portfolio-level cashflow rollups
  • Private team workspace
  • SAML SSO (on request)
  • Dedicated onboarding call
Feature comparison

What's in each tier.

Full matrix of what Basic, Analyst, and Institutional include. Same information as the cards above, easier to scan side by side.

Feature
Basic
Free
Popular
Analyst
$15 / mo
Institutional
$99 / mo
Discovery
Browse the fund universe
Fund detail + composite score
Adjustable-weight leaderboard
Community threads + discussion
Modelling
Run the Numbers scenarios
Saved scenarios
5 max
Unlimited
Unlimited
Scenario sharing via link
Side-by-side fund compare
2 funds
4 funds
4 funds
Side-letter modelling (MFN / fee breaks / co-invest)
Portfolio-level cashflow rollups
Audit & extraction
Log distributions + expected-vs-actual tracker
1 position
PDF audit report (CPA-ready)
1 position
PDF distribution notice extraction
Priority PPM extraction
Collaboration
Private watchlist + dashboard
Team seats
5 seats
Private team workspace
SAML SSO (on request)
Dedicated onboarding call
Support
Community + email
Priority email
Shared Slack channel

Frequently asked

What does 'valid PPM' mean for the free year?

A Private Placement Memorandum we don't already have in the universe, where our extraction pipeline can identify the sponsor, fee schedule, and waterfall structure. Three validated uploads trigger the free Analyst year automatically.

Do I need a card for Basic or the free Analyst year?

No. Basic is free forever. The Analyst free year unlocks the moment your third PPM clears validation — no card, no trial countdown.

What's actually in 'side-letter modeling'?

Layer MFN clauses, fee breaks, GP co-invest, and bespoke preferred returns onto the base waterfall and see the per-class net effect. Institutional-only, because the complexity matches the check size.

Can I cancel anytime?

Yes. Month-to-month plans cancel immediately; annual plans stop renewing. We don't lock saved data behind a paywall — if you downgrade, scenarios stay, just capped at Basic's 5-save limit.

Do you sell my data?

No. Scenarios are private by default. Shared links are opt-in and read-only. We never resell user data or scenarios to sponsors — the business model is user subscriptions, not ad inventory.

Enterprise / larger team pricing?

Email hello@wtrfalls.com — we'll quote per-seat pricing above 10 seats and SSO integration.

Help us build the universe

Three PPMs. Free Analyst for a year.

Every validated upload advances the universe — and earns you the tier that pays for itself.

Upload a PPM →