Last updated: June 11, 2026

Data Room

A data room is a template-driven diligence room. It assembles documents from your company document library into a single, organized space you can share with investors and shareholders during a raise.

Room lifecycle

A room moves through three states:

Draft → Active → Archived

Only Active rooms are visible to stakeholders. Keep a room in Draft while you assemble it, and Archive it when the raise is done.

Starting from a template

Create a room from a stage template — pre-seed, seed, Series A, or custom. The template seeds the room with the requirements and folders typical for that stage, so you’re not starting from a blank page.

Requirements

Requirements are the items diligence expects. They’re grouped by category:

  • Corporate
  • Fundraising
  • Financials
  • Legal / HR
  • Cap table
  • Product / GTM
  • Compliance
  • Other

Readiness

A readiness bar shows the percentage of required items complete, alongside counts for items that are missing, stale, available on request, or not applicable.

Fulfilling a requirement

You can satisfy a requirement by:

  • Attaching an existing company document
  • Uploading a file
  • Adding an external link

Some requirements are live views that auto-render current data — your company profile, investor updates, cap-table summary, or funding history — so they stay up to date without manual work.

When you mark an item not applicable or available on request, you provide a reason.

Granting access

Share an active room with shareholders, members, or fundraising investors. A few things to know:

  • Each stakeholder gets a passwordless magic link — see Investor Portal.
  • You can grant data-room access directly from an investor’s profile in Fundraising.
  • Every view, open, and download is logged.
  • You can revoke access at any time.

What stakeholders see

In their portal, stakeholders see only the active rooms granted to them. They can:

  • Open (preview) documents
  • Download documents
  • Follow external links

Missing requirements are hidden from stakeholders — they only see what’s available.

Next steps