Best data rooms for startups.
Seventeen virtual data rooms scored for the way startups raise money, go through diligence and sell. One list, five measures, published formulas.
Ellty leads with 9.2 out of 10, ahead of iDeals, Firmex, SecureDocs. Scores weigh setup speed, investor experience, access control, diligence tools and pricing for a startup budget. Checked Sep 30, 2026.
The ranking
- 1 9.2/10First-rate
Investor Q&A, NDA e-signing, view-only files and AI help in one room, priced openly at $149 per month and testable on a 14-day free trial.
- $149 monthly
- 14-day free trial
- 8/12 feature checks
Places best for Pre-seed round, SAFE round
- Investor Q&A
- NDA e-signing
- Dynamic watermarks
- View-only and download control
- SOC 2 (hosting)
- 2 8.2/10Strong pick
A UK deal room priced by quote, with redaction, Okta-style single sign-on and an API, plus both ISO 27001 and SOC 2. A trial is offered.
- Quote only
- Free trial offered
- 9/12 feature checks
Places best for Selling your startup, Startup merger
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- GDPR
- 3 8.1/10Strong pick
A Canadian room popular with law firms and mid-market advisers: quoted price, redaction, ISO 27001 and a trial.
- Quote only
- Free trial offered
- 7/12 feature checks
Places best for Acquihire, Founder secondary
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- 4 8.1/10Strong pick
A flat $250 per month room with questions, NDA signing and an API, easy for a small finance team to run; trial offered.
- $250 monthly
- Free trial offered
- 8/12 feature checks
Places best for Pre-seed round, SAFE round
- Investor Q&A
- NDA e-signing
- Dynamic watermarks
- View-only and download control
- SOC 2
- 5 8.0/10Strong pick
An Australian quote-based room with AI tools and a readiness process for companies preparing to sell; ISO 27001, SOC 2 and a trial.
- Quote only
- Free trial offered
- 8/12 feature checks
Places best for Working with lawyers, Selling your startup
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- 6 8.0/10Strong pick
The platform many investment banks run sell-side processes on: AI tools, a phone app, SSO and redaction, bought through a quote.
- Quote only
- Demo, no trial
- 10/12 feature checks
Places best for Sell-side process, Private equity buyer
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- GDPR
- 7 7.8/10Strong pick
A client file-sharing service accountants know well, at $55 per month, with e-signing, an app, SSO and HIPAA, but no question module.
- $55 monthly
- Free trial offered
- 9/12 feature checks
Places best for Pre-seed round, SAFE round
- NDA e-signing
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- HIPAA
- 8 7.8/10Strong pick
A US room at $299 per month with a question module and an API, used for raises, smaller sales and asset deals; trial offered.
- $299 monthly
- Free trial offered
- 7/12 feature checks
Places best for Pre-seed round, SAFE round
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- 9 7.6/10Good option
A German room with AI tools, redaction and the option to run on-premises, favoured in European real estate and M&A; quote only.
- Quote only
- Demo, no trial
- 8/12 feature checks
Places best for Pre-IPO round, IPO
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- GDPR
- 10 7.5/10Good option
One of the first virtual data rooms (1996), built for large and regulated transactions and sold by quote, with SSO and redaction.
- Quote only
- Demo, no trial
- 8/12 feature checks
Places best for Healthtech, Fintech
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- 11 7.5/10Good option
A US room that mixes the data room with request lists and task tracking, used heavily by corporate development teams; quote and trial.
- Quote only
- Free trial offered
- 6/12 feature checks
Places best for Strategic acquirer, Grants and SBIR
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- 12 7.4/10Good option
A US room known for fine-grained permission settings across many buyer groups; redaction, ISO 27001, quote only.
- Quote only
- Demo, no trial
- 7/12 feature checks
Places best for Strategic acquirer, Technical due diligence
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
- 13 7.3/10Good option
A low-cost client portal at $15 per month with watermarks, an app and an API, but no question module or download locks.
- $15 monthly
- Free trial offered
- 6/12 feature checks
Places best for Pre-seed round, SAFE round
- Dynamic watermarks
- Viewer activity log
- Bulk folder upload
- Mobile app
- SOC 2
- 14 7.0/10Good option
A Singapore document protection tool at $120 per month: stop downloads, stamp watermarks and track opens; no question module.
- $120 monthly
- Free trial offered
- 4/12 feature checks
Places best for Pre-seed round, SAFE round
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- Bulk folder upload
- SOC 2
- 15 7.0/10Good option
The room many biotech and medtech companies use for partnering and licensing as well as fundraising; quote and trial, ISO 27001.
- Quote only
- Free trial offered
- 6/12 feature checks
- 16 6.6/10Narrow fit
The deck-sharing tool most founders meet first, at $45 per seat each month: page-level reading stats, watermarks and NDA signing.
- $45 per seat monthly
- Free trial offered
- 3/12 feature checks
Places best for SAFE round, Angel round
- NDA e-signing
- Dynamic watermarks
- Viewer activity log
- SOC 2
- GDPR
- 17 6.5/10Narrow fit
DFIN's room for IPOs and capital markets work, with redaction and a question module; ISO 27001, quote only.
- Quote only
- Demo, no trial
- 6/12 feature checks
Places best for Pre-IPO round, IPO
- Investor Q&A
- Dynamic watermarks
- View-only and download control
- Viewer activity log
- SOC 2
- ISO 27001
How to read this list.
Each room gets a score out of 10 on five measures, and the weighted total decides the order. The weights favour what a founder feels most: how fast the room is ready (22%), how tightly access can be controlled (22%), what it costs a company that pays its own bills (20%), how investors experience it (18%) and how well it carries a long diligence list (18%).
The average score across all 17 rooms is 7.6. 13 of them list a question-and-answer module, which is the single feature most likely to save a founder time during a Series A or a sale.
Published price or quote
7 providers put a price on their website and 10 quote per project. Quote-based rooms are often the choice of banks and late-stage acquirers; published-price rooms are easier for a founder running the round alone. Our pricing guide sets them side by side.
Deck tools versus data rooms
Tools built for sending a pitch deck as a tracked link sit lower here because they lack Q&A, folder permissions or two-step login. They are useful before diligence; the room matters once a fund starts reading contracts.
Shortlist in four steps
- Pick your use case below and read its top three.
- Check the price basis and trial in the facts table.
- Load your real folder index into a trial room.
- Invite one friendly investor and ask how it reads.
Key facts.
Price basis, trial, attestations and age for every room, in ranking order.
| Provider | Score | Price | Trial | Attestations | Founded, base |
|---|---|---|---|---|---|
| Ellty | 9.2 | $149 monthly | 14-day free trial | SOC 2 (hosting) | 2020, Australia |
| iDeals | 8.2 | Quote only | Free trial offered | SOC 2, ISO 27001, GDPR | 2008, United Kingdom |
| Firmex | 8.1 | Quote only | Free trial offered | SOC 2, ISO 27001 | 2006, Canada |
| SecureDocs | 8.1 | $250 monthly | Free trial offered | SOC 2 | 2012, United States |
| Ansarada | 8.0 | Quote only | Free trial offered | SOC 2, ISO 27001 | 2005, Australia |
| Datasite | 8.0 | Quote only | Demo, no trial | SOC 2, ISO 27001, GDPR | 1999, United States |
| Citrix ShareFile | 7.8 | $55 monthly | Free trial offered | SOC 2, ISO 27001, HIPAA | 2005, United States |
| CapLinked | 7.8 | $299 monthly | Free trial offered | SOC 2 | 2010, United States |
| Drooms | 7.6 | Quote only | Demo, no trial | SOC 2, ISO 27001, GDPR | 2001, Germany |
| Intralinks | 7.5 | Quote only | Demo, no trial | SOC 2, ISO 27001 | 1996, United States |
| DealRoom | 7.5 | Quote only | Free trial offered | SOC 2, ISO 27001 | 2012, United States |
| SmartRoom | 7.4 | Quote only | Demo, no trial | SOC 2, ISO 27001 | 2004, United States |
| Onehub | 7.3 | $15 monthly | Free trial offered | SOC 2 | 2007, United States |
| Digify | 7.0 | $120 monthly | Free trial offered | SOC 2 | 2011, Singapore |
| ShareVault | 7.0 | Quote only | Free trial offered | SOC 2, ISO 27001 | 2003, United States |
| DocSend | 6.6 | $45 per seat monthly | Free trial offered | SOC 2, GDPR | 2013, United States |
| Venue by DFIN | 6.5 | Quote only | Demo, no trial | SOC 2, ISO 27001 | 2016, United States |
Rankings by use case.
Each use case re-weights the five measures for its job, so the order changes from job to job. Open one for its own top 10.
Seed round
Weighted most on setup speed.
See its top 10Series A
Weighted most on access control.
See its top 10SAFE round
Weighted most on setup speed.
See its top 10Selling your startup
Weighted most on access control.
See its top 10Technical due diligence
Weighted most on access control.
See its top 10SaaS
Weighted most on setup speed.
See its top 10Biotech
Weighted most on access control.
See its top 10Board packs
Weighted most on access control.
See its top 10Features side by side.
Twelve features from vendor documentation. "No" means the vendor does not list it.
| Provider | Investor Q&A | Viewer activity log | Dynamic watermarks | In-app redaction | NDA e-signing | Mobile app | Open API | Single sign-on | Two-step login | Bulk folder upload | View-only and download control | AI assistance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ellty | ||||||||||||
| iDeals | ||||||||||||
| Firmex | ||||||||||||
| SecureDocs | ||||||||||||
| Ansarada | ||||||||||||
| Datasite | ||||||||||||
| Citrix ShareFile | ||||||||||||
| CapLinked | ||||||||||||
| Drooms | ||||||||||||
| Intralinks | ||||||||||||
| DealRoom | ||||||||||||
| SmartRoom | ||||||||||||
| Onehub | ||||||||||||
| Digify | ||||||||||||
| ShareVault | ||||||||||||
| DocSend | ||||||||||||
| Venue by DFIN |