A virtual dataroom, or VDR offers a secure online platform for sharing documents. It lets users collaborate on projects, review documents and submit requests in real-time. These platforms are often used for capital raises, M&As or strategic reviews. They can also be used to conduct audits, tenders, and audits.
VDRs offer a way for businesses to share sensitive and confidential information with third parties such as clients or investors in a controlled setting. These platforms are also beneficial for collaboration in the workplace and project management, and are highly customizable. They offer features such as granular document permissions, search functionality, and an intuitive interface that allows users to upload files from any device or location.
VDRs are used by private equity companies and funds to share portfolio and tax information with interested investors in a professional, transparent manner. They can also collaborate with other third parties and access the platform 24/7.
VDRs are utilized by life science companies to share their detailed R&D documents with potential investors. This lets them gauge the level of interest and engagement. They can also upload licensing IP, patient files and results from clinical trials to give potential buyers an overview of their business.
Investment bankers rely on VDRs to share large volumes of documentation during investments banking processes such as IPOs and capital raises. They can provide comments on the information via the Q&A function of the platform and request specific documents from buyers in bulk. A dashboard gives them real-time information about their data room use, allowing them to monitor the progress of their tasks such as due diligence.
