A virtual data room, also known as a VDR is a secure platform for sharing documents online. Users can collaborate on projects, look over documents and submit requests in real-time. These platforms are used to conduct capital raises, M&As or strategic reviews. They can also be used for conducting audits, tenders, and audits.

VDRs allow companies to share sensitive and confidential information with third parties such as investors or clients in a controlled and secure environment. These platforms click to read more about Innovating Your M&A Process can also be used for managing projects and collaboration in business. They are extremely customizable. They provide features like the ability to grant document permissions in a granular manner, search functionality, and an intuitive interface that lets users upload files from any device or location.

VDRs are used by private equity firms and funds to share tax and portfolio information with investors who are interested in a professional, transparent manner. They are also able to access the platform 24/7 and collaborate with other third parties on due diligence procedures.

VDRs are used by life sciences companies to share extensive R&D documents with potential investors. This allows them to determine the level of interest and engagement. They can also upload licensing IP as well as patient files and results from clinical trials to provide potential buyers with an overview of their business.

Investment bankers rely on VDRs to share massive amounts of documents during investments banking processes such as IPOs and capital raises. They can read and make comments on the documents using the Q&A feature of the platform, and request specific documents from buyers in bulk. They can also track the progress of due diligence and other projects by using a dashboard which gives the real-time status of their use of the data room.