How to Select the Best VDR Provider for Startups

A virtual data room (VDR) simplifies vital complicated transactions and diligence processes for startups. But with many VDR providers to choose from the best one requires careful consideration of key factors. These include security data, collaboration, analytics and cost. This article reviews the best options available for small businesses that place a high value on secure data sharing and file sharing.

iDeals VDR, a service that puts security first and allows dealmakers to share confidential files during the M&A process. The platform is ISO 27001 certified and includes two-factor authentication and location restrictions. It also features sessions that have timeouts as well as granular permissions for users. The software makes use of watermarking as well as view-only modes to discourage unauthorised sharing of documents. iDeals also provides customizable NDAs and a built-in spreadsheet viewer, and drag-and-drop uploads.

iDeals not only provides advanced reporting and granular access control however, it also provides a simple and intuitive interface that is familiar to both the CFO and the entry-level accountant. It also allows customization to align with a company’s brand and needs.

Another great alternative for startups is Portalstack that offers an array of tools to help improve due diligence and M&A activities. Google Sheets is embedded, permitting companies to share financial models and cap-tables. It also supports electronic signatures, which eliminates the requirement to incorporate an eSignature system from a third-party. Pricing starts at $39 per month and includes unlimited e-signatures, which can help companies save money on fees and administrative overhead. Portalstack’s trial offer gives users the chance to try out using the platform, practice pitch meetings with investors, and learn to organize documents before committing to.

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