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Data room reviews for fundraising
Sixteen virtual data rooms reviewed for the side that opens the room: founders and CFOs, GPs and IR teams, sponsors and lenders' counterparties. Every review has scores, pricing for four raise types, features and alternatives.
Rooms with a listed price
You can budget these before a sales call.
Ellty
Top choice, 8.6 of 10
Full deal room with AI, a listed price and a 14-day free trial.
Full review
SecureDocs
Solid choice, 7.4 of 10
Simple flat-rate deal room with signing and Q&A.
Full review
CapLinked
Worth a look, 7.3 of 10
Deal room with a listed monthly price and an open API.
Full review
Box
Worth a look, 7.3 of 10
Content cloud with watermarks and signing, priced per user.
Full review
Digify
Specialist fit, 6.3 of 10
Document tracking and protection with a listed price.
Full review
DocSend
Specialist fit, 5.9 of 10
Deck sharing with page-level analytics, priced per user.
Full reviewRooms priced on request
These quote each project; our planning bands give a range.
iDeals
Solid choice, 7.8 of 10
Long-running M&A platform with layered permissions and fast support.
Full review
Datasite
Solid choice, 7.6 of 10
Bank-grade platform for large processes, with AI and a mobile app.
Full review
Ansarada
Solid choice, 7.5 of 10
Deal room with AI and readiness tools for preparing a process.
Full review
Firmex
Worth a look, 7.3 of 10
Easy, reliable deal room favored by mid-market advisers.
Full review
Intralinks
Worth a look, 7.2 of 10
One of the oldest deal rooms, common on bank-led transactions.
Full review
Drooms
Worth a look, 7.1 of 10
European deal room strong in real estate, with AI features.
Full review
DealRoom
Worth a look, 7.0 of 10
Deal room plus project management for corporate development.
Full review
SmartRoom
Worth a look, 6.9 of 10
Security-focused deal room with detailed permission controls.
Full review
ShareVault
Worth a look, 6.8 of 10
Deal room with strong document control, popular in life sciences.
Full review
Venue by DFIN
Specialist fit, 6.2 of 10
Capital markets platform from a financial printer.
Full reviewAll providers A to Z
A
- Ansarada Priced on request
B
- Box $15 a user a month
C
- CapLinked $299 a month
D
E
- Ellty $149 a month
F
- Firmex Priced on request
I
- iDeals Priced on request
- Intralinks Priced on request
S
- SecureDocs $250 a month
- ShareVault Priced on request
- SmartRoom Priced on request
V
- Venue by DFIN Priced on request
Questions and answers
How are these reviews written?
From vendor documentation, pricing pages, listed security attestations and our research file on each product, scored with the formulas on the scoring approach page. We do not claim tests we did not run.
Which rooms are built for fundraising rather than M&A?
Most deal rooms serve both. What changes in a raise is the number of outside readers, the need to track them and the cost over a long raise. Use the use-case rankings to see each room for your raise.
Are Box and DocSend data rooms?
Box is a content cloud and DocSend a document sharing tool. Both are on the list because issuers often use them for a raise; neither lists a Q&A module.