Investors usually request an entire set of documents including financial metrics prior to committing to funding. These documents can be arranged in an online data room to help startups simplify due diligence, while also impressing investors. However, the market for digital investor data rooms is competitive and it can be difficult to find the most effective software. This article reviews the most well-known options and offers tips for selecting the right solution to satisfy your requirements.
In addition to having a simple configuration, look for a platform that allows for custom settings and provides assistance 24/7. You’ll want to make sure that the VDR comes with a QA feature which lets users ask questions and receive answers. Some platforms also offer visual analytics, which can aid with due diligence. Pricing should be clearly stated with options such as per-user, page, and important site storage. Most users prefer flat rate pricing because it allows them to better anticipate their costs.
Firmex has been in the virtual data room business for over 12 years. They’re well-known for their M&A solutions, but can be utilized in a variety of other initiatives as well. They provide features like automatic indexing, secure documents sharing, DRM and granular permissions for users. They also come with strong security features, such as two-factor authentication and customizable NDAs and a selection of monitoring tools. They’re a fantastic choice for both large and small companies, and they provide a two-week trial for free.
