Pax8 originally contacted DealRoom looking for a data room. They wanted more control over their own processes, as their data was controlled in rooms their attorneys set up and owned.
The main goal was having more direct communication with investors and lessening their response time.
They were tired of having to ask attorneys for progress reports to share with their own CEO. They also wanted to be able to respond to investor questions on their own time.
DealRoom’s permissions settings allowed Pax8 to have full control over data.
Not only did this remove their middlemen, but it also meant making updates, adding users, and changing permissions whenever, wherever.
As a bonus, our project management tools could also be transformed into a great way to view, manage, and produce reports regarding their investor pipeline.
While Pax8 had originally started their search for a virtual data room, they ended up finding a comprehensive solution that enhanced their overall investor pipeline management.
From data storage and sharing to investor communication and progress reports, DealRoom helped readily execute Pax8’s entire investor management process.