Fundraising
Data Room
A secure online repository where startups share sensitive business documents with potential investors during due diligence.
A data room is a secure, access-controlled digital folder where companies share confidential documents with potential investors, acquirers, or lenders during due diligence. Common data room contents: incorporation documents, cap table (current and historical), financial statements (audited and unaudited), board minutes, key customer contracts, IP ownership documents, employee agreements, regulatory filings, and a detailed metrics dashboard. Modern data rooms are hosted on platforms like DocSend, Dropbox, or dedicated solutions like Ansarada and Intralinks. Access can be granularly controlled — different investors see different documents. Founders can track who views what and for how long, providing intelligence on investor engagement. A well-organized data room signals operational maturity and speeds up the diligence process.