A virtual data room (VDR) streamlines critical complex transactions and diligence processes for startups. There are a variety of VDR providers, so choosing the most suitable one requires careful consideration of important aspects. These include security and collaboration with analytics, as well as price. This article outlines some of the best options for small-sized businesses who are concerned about secure data sharing and file sharing.

iDeals VDR, a service that prioritizes security, helps dealmakers share confidential documents during the M&A process. The platform is backed by ISO 27001 certification and features two-factor authentication sessions, session timeouts, geographical restrictions, and granular user permissions. The software employs watermarking and view-only modes to prevent unauthorized sharing of documents. iDeals provides customizable NDAs as well as an inbuilt worksheet viewer as well as drag-and-drop uploads.

iDeals not only offers advanced reporting and granular access control however, it also provides an intuitive and easy-to-use interface that is familiar to the CFO and entry-level accountant. It can be customized to match a startup’s brand and needs.

Another alternative for startups is Portalstack which offers several tools to improve due diligence and M&A activities. This includes embedded Google Sheets, which lets companies easily share financial models and cap tables. It also supports e-signatures and eliminates the requirement to integrate an e-signature system from a third-party. Pricing starts at just $39/month and includes Best Board Room Provider unlimited e-signatures. This can help companies save money on fees and administrative overhead. The trial offer allows users to try out the platform, experience virtual meetings with investors and understand how documents are organized prior to making a decision.