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How Startups Can Use a Data Room to Share Documents With Investors

The majority of people think of data rooms as an instrument to complete due diligence during mergers and acquisitions (M&A), but they can also be useful to raise capital. Startups might use a dataroom for sharing documents with investors. This is particularly true when they are close to the close of a fundraising campaign. A data room with the right features can speed up communications and improve investor confidence.

A dashboard is usually included in a data area and it provides an overview of recent activity and notifications. Users should be able to personalize their dashboard and adjust their security and notifications settings. When logging in, users will be prompted to provide their email address, consent to the Terms of Privacy and Use and then adjust their password security settings.

Users will be able access and download documents after they are logged in. A data room must have an index that enables users to find the document they’re looking for and most important it should be able to edit the document if needed. A data room should also be able to monitor engagement on specific documents.

A data room must include the Q&A section, where questions can be asked and answered. The platform can categorize the responses to questions and even identify specific words and phrases that should be censored using its proprietary artificial intelligence engine. The system can also mark these sections with an arrow in red and mark them accordingly for future references.

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