Investors typically request the complete set of documents including financial data, before they approve funding. These documents can be organized in an online data room to help startups improve their due diligence and impress investors. The market for digital data rooms that cater to investors is very competitive, and it isn’t easy to find the right software. This article reviews the most popular options and provides suggestions for choosing a solution that will meet your needs.
Choose a platform that has an easy-to-use configuration that provides flexible settings and support round the clock. You’ll also want to ensure that the VDR has a QA feature that lets users ask questions and receive answers. Some platforms also offer visual analytics that can aid with due diligence. Pricing should be clearly defined using options such as per-user, page, and storage. The majority of users prefer flat rate pricing since it allows them to better forecast their costs.
Firmex is a top virtual data room company that has been operating for 12 years. They’re known for their M&A solutions, but they can be utilized in a variety of other projects too. Their features include automatic indexing, secure document sharing, DRM and specific user permissions. They’re equipped with security features that are robust including two-factor authentication custom NDAs, customizable NDAs, and range monitoring tool. They’re a fantastic choice for both large and small companies, and they provide a two-week trial for free.