If you’re looking to sell or raise funds for your business, you probably have a lot to share with potential investors. A virtual data room, also known as a due diligence data room, is an online repository where you can store securely and share documents and information with the right people at the appropriate time.

The benefits of a digital data room include:

Secure storage and sharing of sensitive information: A virtual data room lets you securely store and share your data with a variety of stakeholders, while keeping control of who is able to access what. This accelerates due diligence process and reduces the possibility of sensitive information being leaked.

Collaboration is improved: A virtual data room enables team members to collaborate on projects even though they’re in different locations. It’s also easy to manage access to projects and permissions, so that only those who are authorized to see the right information.

Interface that is simple to use users will be able to start by choosing an option that has user reviews, a non-plugins GUI, and is compatible with their software this post requirements. You should also select an option that provides 24/7 customer support so that you can get help quickly if run into any problems.

Decide what documents you’ll include in your data room: You’ll require legal and financial documents, including contracts, financial statements and intellectual property documentation. Also, you’ll need to include your cap table, which details how much of your business each investor owns.