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A virtual data room (VDR) simplifies vital, complex transactions and diligence processes for startups. But with many VDR providers to choose from, picking the most suitable one requires careful assessment of key aspects. These include security and collaboration, analytics, and cost. This article discusses the best options available to small businesses that place a high value on secure data sharing and file sharing.

iDeals VDR, a service that prioritizes security and allows dealmakers to share confidential files during the M&A process. The platform is supported by ISO 27001 certification and features two-factor authentication, session timeouts, location restrictions and granular user permissions. The software uses watermarking and view-only modes to prevent unauthorized sharing of documents. iDeals provides customizable NDAs as well as an integrated worksheet viewer and drag-and drop uploads.

In addition to securing documents with access control that is granular and advanced reporting, iDeals offers a simple and intuitive interface that’s familiar to the CFO as well as an accountants in the beginning. It can be tailored to fit a startup’s style and requirements.

Portalstack is a different option for startups. It offers a variety of tools that can be utilized to enhance due diligence or M&A activities. This includes embedded Google Sheets, which lets companies easily share financial models and cap tables. It also supports electronic signatures and eliminates the need to integrate an e-signature service from a third party. Pricing starts at $39 a month and includes unlimited e-signatures, which can help save a company money on fees and administrative overhead. Portalstack’s free trial gives users the opportunity to play with the platform, simulate meetings with investors and learn how to organize documents before making a commitment.