When choosing the best VDR service, consider one that has solid security protocols, extensive control over access and two-factor authentication. Also, make sure it comes with a built-in document viewer that can handle different formats of files and a search feature that utilizes metadata to organize files. A reputable provider will be able to track the user’s activities and track downloads, uploads, and modifications. This information is essential for M&A transactions as well as other major projects that require a lot of files.
Startups are often busy and don’t have time to learn about complex platforms or navigate through clunky user interfaces. That’s why it’s important to choose a VDR provider that has a low adoption time and 24/7 customer support. You can then concentrate on your business rather than worrying about technical issues.
The iDeals VDR is an extremely secure virtual data room that’s widely utilized in M&A deals as well as due diligence. It has offices in more than 12 countries, and provides quick installation and a simple interface. It’s not as customizable as some of other competitors.
Portalstack is another alternative for M&A. Its premium plans allow you to embed Google Sheets and share financial models or cap tables. The editor is similar to Notion and lets you easily personalize your VDR homepage. It can be combined with other tools to accelerate the process of selling. It’s available at a base price of $39 a month.