Venture Capital Data Room

A venture capital data room is a secure online workspace where a VC fund shares confidential documents with limited partners during a fundraise, collects diligence materials from startups it is evaluating and stores portfolio company reporting after investment, with access controlled per person. DealRoom's venture capital data room pairs that storage with diligence requests, comments with @mentions and a pipeline of deals and fundraising projects, so the fund runs the process in the same place it keeps the documents.

An LP data room usually holds the pitch deck, investment thesis and process, team bios, fund model, track record, past investor updates and a completed due diligence questionnaire, with deeper materials such as the limited partnership agreement, sample term sheet, portfolio company detail and audited financials released later in diligence. In DealRoom those materials sit in permissioned folders. LP questions become tracked requests, so the fund can see which items each prospective investor has opened and what is still outstanding.

Set permissions per investor group rather than giving everyone the same access. In DealRoom, LPs are invited into permission groups that control which data room folders, worklists and tasks they can open, so an early-interest group sees the deck and track record while a group in confirmatory diligence sees the LPA and portfolio detail. "View as" previews what any LP sees. Template rooms carry standard permission groups, so the structure is reused for the next fund. A detailed audit log records every view and upload.

A shared drive gives everyone with the link the same access and little record of who opened what. A data room adds folder-level permissions per party, an audit trail, structured requests and the ability to revoke access when a raise or deal ends. DealRoom also replaces the Excel diligence tracker that usually sits beside the drive: requests are assigned, completed and linked live to documents in the data room, so the status of diligence and the documents themselves are never out of sync.

Yes. In DealRoom the diligence list lives inside the room: each request has a status, assignee, priority and due date, files attach directly to the request and link live to the data room. Comments with @mentions keep questions next to the item they concern. A founder or portfolio company receiving a request clicks a link, sees only what is assigned to them and drags in the file, with no training. The list is saved as a template and reused for the next investment.

DealRoom is priced by the number of project rooms opened, not by user. Internal team members, founders, LPs and external counsel can all be invited without adding seats, pipeline usage is unlimited and there are no per-page or data overage charges. The price is locked for the contract term, the entry package is called Growth and AI is an add-on. For a fund that only needs a standalone data room, the live page links to a 30-day FirmRoom trial. Current packages: https://dealroom.net/products/pricing.