How to Select the Best VDR Provider for Startups

A virtual data room (VDR) simplifies vital, complex transactions and diligence processes for startups. However, with a variety of VDR providers to choose from the most appropriate one requires careful assessment of key aspects. These include collaboration and security, analytics and price. This article outlines some of the best options for small businesses who are concerned about secure data sharing and file sharing.

iDeals VDR is a security-first service that lets dealmakers share confidential files throughout the M&A cycle. The platform is ISO 27001 certified and includes two-factor authentication, as well as restrictions on location. It also has session timeouts and granular access rights for users. The software uses watermarking and view-only modes to discourage unauthorised sharing of documents. iDeals also provides customizable NDAs and an integrated spreadsheet viewer, and drag-and-drop uploads.

iDeals does not just provide advanced reporting and granular access control as well as a simple and intuitive interface that is familiar to the CFO and entry-level accountant. It also allows customization to meet the company’s brand and needs.

Another great option for startups is Portalstack that offers an array of tools that can help enhance due diligence and M&A activities. This includes integrated Google Sheets, which lets companies easily share financial models and cap tables. It also allows electronic signatures, removing the requirement to incorporate an eSignature software from a third party. Pricing starts at just $39/month and includes unlimited e-signatures. This could help save a business costs on fees and administrative overhead. Portalstack’s free trial offers users the opportunity to test using the platform, play meetings with investors and learn to organize documents prior to signing a contract.

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