What to Include in Your Data Room

A data room is an online storage facility that secures the storage and sharing of sensitive business data. Most often, it is used for due diligence, M&A or capital raising as it helps to prevent sensitive documents from falling into the hands of unwanted third parties. It also makes closing deals more efficient because it allows several parties to view and comment on the same information. While there are a number of free file sharing software available but they are not equipped to handle the security requirements associated with storing and managing confidential business information. They don’t have the same levels of permissions as well as auditing capabilities and watermarking that is available in VDRs. VDR.

What you include in deal management your dataroom can vary depending on the stage of your business. There are several key things that investors are likely to look for. These include:

1. History of the company and growth. This could be a brief section that outlines your company’s beginning story, a one-page summary of your marketing and product goals and the key growth metrics, or a more thorough section detailing your business’s past, growth trends and market research (including customer retention and engagement metrics).

2. Team and organizational charts. This includes the current number and role of your team members as also their salaries and titles. This information is important to provide investors with this information to help them understand the strengths of your team and the way you plan to grow your business.

Remember to keep your information safe and secure by using a purpose-built data room software such as Firmex. This will help make the process of funding and M&A more secure, easier, and more efficient.