DealRoom, a Day1 Company

DealRoom

4.5 / 5 30 reviews

Who Uses This Software?

Investment banking, corporate development, private equity


Average Ratings

30 Reviews
  • 4.5 / 5
    Overall
  • 5 / 5
    Ease of Use
  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    $1,000.00/month
  • Pricing Details
    We offer a variety of pricing options to suit all of your VDR needs.
  • Free Trial
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • DealRoom, a Day1 Company
  • dealroom.net
  • Founded 2012
  • United States

About DealRoom

A multi-party project management system that reduces work, tracks progress and provides analytics so that you can detect problems before they become issues. DealRoom is 40% faster and up to 50% less expensive than a data room. The deal gets done faster by using one process management tools instead of spreadsheet trackers, emails and a data room. Communication is seamless and centralized within the system, and no external communication is required.


DealRoom Features

  • Anonymity Management
  • Auditing
  • Collaboration
  • Data Protection
  • Data Storage Management
  • Document Tagging
  • Due Diligence Management
  • Procurement Management
  • Project Management
  • Role-Based Permissions
  • Secure Preview

DealRoom Reviews Recently Reviewed!


Capterra-loader

Most responsive and innovative dataroom provider in the market right now

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love task tracking feature that is unique to the DealRoom software and the fact that you can control permissions down to the individual file level, but what I like the most about this software is the customer suppport. The CEO personally reads and sometimes responds to customer inquiries and requests for features. Additionally, the customer support team is extremely responsive and works to resolve your issue within 24 to 48 hours.

Cons: There are certain features that I would like to see in the group permissions management section, but I have been told the team is already working on it and the new feature should be out in 1-2 weeks!

Overall: Very easy to use

Capterra-loader

Excellent platform with ease of use

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: Dealroom is easy to use, you can populate dealroom with your due diligence folders and create due diligence list right inside the dealroom instead of sending the due diligence list separately to your clients.

Cons: Missing Outlook plugin which is mostly available will update tab that would allow execution team to update status on this would allow execution team to update status on transactions.

Overall: It helps us manage the document / info sharing between the client, our firm and the potential investors. It also allows us to manage users, their permissions etc. It is also helping us managing the analytics on user access. It is easier to upload large size files and share it with intended users which is not possible on outlook due to size limits.

Much needed platform for banking with exceptional ease of use

Apr 23, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: Dealroom has multiple features that make it easy to use, including very clear and user friendly interface, drag and drop options, pulling and downloading due diligence list directly

Cons: Absence of Microsoft outlook plugin as well as inability to update/track deal marketing progress so you can categorize deals in terms of their status.

Overall: Deal Marketing, Documents Upload, Documents Receiving from Clients, Investor Access to Deals

Extremely easy to use.

Apr 23, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I like the functionality of the software. There are some very helpful features and the software is very user friendly.

Cons: I would like the option to have multiple admins. I would like to be able to customize the software a little bit more.

Great dataroom support

Apr 17, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
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Pros: We love the ease of use for our due diligence process. This platform allows a streamlined process to request and receive documents.

Cons: We wish that there were office plugins so that files can be saved directly within dealroom and easing up our overall use.

Overall: Ease of use
Secure data transfer for confidential documents
easy investor access via group creations

Great platform for our internal and client use

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Ease fo use is the best feature of this platform. We love the customization and drag and drop features

Cons: We wish this platform had more analytical features, and allowed for outlook integration as well as a desktop version that can be installed to our computers in office for quicker access.

I enjoy using dealroom software. It is easy to navigate.

Apr 18, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The ability to quickly see what has been uploaded to the data room in the previous 24 hours. This is extremely helpful.

Cons: Instead of a notification email just saying there are new documents and then listing them out, it could say that "5 documents have been added to the finance folder" which would provide a quicker understanding of whether they are material to my workstream.

Overall: The ability to quickly navigate through new files in a short amount of time greatly increases efficiency.

Simple and intuitive, DealRoom's interface made sharing and facilitating a breeze.

Apr 23, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: We loved the ability to loop in constituents from a variety of places to see only what they needed to see, as well as the granular level of visibility and control that made monitoring and compliance as pain-free as possible.

Cons: There were a few features that would have been great out of the box that weren't available, but our account team was happy to help us develop user-side solutions to accommodate nearly everything we wanted to do.

High quality and reliable

Apr 17, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The security and ease of use is very helpful. We are able to get potential buyers all of the relevant documents in a concise manner and to track who is reading what documents.

Cons: Being used to other virtual data room databases, it takes a bit of time to get up the learning curve on the nuances of DealRoom versus others.

Overall: Virtual data room to track buyers and provide them access to sensitive company documents for their due diligence.

Good introduction and overall review of the software when first introduced.

Apr 23, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Organization of data and accessibility of needed information in a centralized location for the team to access.

Cons: Syncing to desktop would allow faster and offline accessibility. It is somewhat pricy for a small firm and wish it were more affordable as I know other smaller organizations that would like to use it.

Overall: Access to important data it would otherwise take a lot of time to research.

The software was not intuitive but it got the job done.

Apr 17, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
2 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Sign up and access control worked well. Very few issues with system compatibility. I didn't hear about any other issues.

Cons: Hard to find things. The drill down features didn't always take me where I expected. There seemed to be limited configuration on email preferences.

Easy to use and setup was very well organized.

Apr 21, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The file labeling and folders labeling. The navigation is simple. Files don't take long to load.

Cons: It doesn't have the ability to sync to my desktop. Often time teams like to download to desktop and to be able to access the files quickly. Add syncing capabilities.

DealRoom is most intuitive data room I've used thus far and customer support has been great.

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: This software is easy to use and very intuitive. We've had several clients comment about how simple the experience has been so far.

Cons: There are no real cons about this product thus far. I have not had any issues using DealRoom since I became a customer.

Was forwarded deal room by a colleague, so far it has been great

Apr 20, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It was very very easy to use and the user interface is so clear and easy to understand. Much easier then other sites

Cons: I dont have any complaints. It was easy and customer eccentric. I have sued other similar sites but they were not as good.

Great user interface that allows for quick uploads and control of information sharing

Apr 24, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Control and detail over information shared for multiple counterparties makes Dealroom easier to use than most

Cons: Not much to say here other than typical issues common amongst data room providers are the same as Dealroom

Overall one of the better deal rooms I've used. The design is good, but lacks some funciontality.

Apr 17, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Design is clean and UI isn't clunky. It is appealing to the client and not difficult for the business end to use.

Cons: It lacks some functionality from the admin end. I would like to be able to manipulate the settings a little more, move documents around easier and have more control over indexing options.

Overall: The deal worked and went through, is overall it was necessary!

Smooth and easy to use dataroom.

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use, DealRoom is simple and straightforward to upload and manage files. Working with company, investment bank, and my team is as expected.

Cons: Nothing in particular. If it was cheaper that would be nice? Also, sales reps/account execs should reach out to buy-side teams as well as junior bankers!

Overall: Currently working on our deal, so the ideal benefit would be to successfully close!

Easy to use and intuitive

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: What I liked most was the ease of use and the system's intuitiveness. Another great feature is the search functionality, which allows user to retrieve documents which are relevant to a particular topic.

Cons: There was really nothing that comes to mind. Software was overall a great tool in terms of dataroom environment.

Once you learn how to use it, the software is incredibly effective and has saved me hours of time

Dec 29, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The software allows me to quickly upload documents and the to-do list tool allows for excellent coordination between our client and the buy-side group

Cons: I think that the software does not have any obvious flaws, but if I had to pick one, it would be that there needs to be better instructional videos that help new users easily learn the software

It was easy to use, as someone who was invited to the dealroom.

Apr 17, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality

Pros: Functionality and simplicity. The ability to do bulk downloads, quickly, is paramount as a user of DealRoom.

Cons: As only a user, I would like to have additional experience with the functionality, and this would hopefully provide the same functionality as companies like IntraLinks, at a fraction of the cost.

User Friendly, and well organized

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Organized great, easy to navigate and use. My clients enjoy using this for due diligence. It houses a lot of data

Cons: Take's a long time to download, multiple update e-mails per day and would prefer a summarized e-mail at least by folder.

Overall: sharing of data and storage.

Set up by investment bank firm - very easy to use.

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The clarity around the website - and how items are uploaded. Visually very nice! Able use the product without any formal training.

Cons: No complaints. I wish I had known about this product when in previous companies as I would have used it then!

Standard data site.

Apr 17, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Pros: Functionality was good. Customer service offering seems responsive, though admittedly I didn't use the service.

Cons: Not much to dislike. I think data rooms can always work on their aesthetic. Ability to download in bulk is important, so make sure functionality is as seamless as possible.

Very powerful and easy to use!

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: Simplicity is always the best thing a product can achieve- despite all it does for you- this product is easy to use.

Cons: I wish everyone used it!!! Wouldn't that be awesome! I guess that is what I like the least- so maybe this review will help!

Good Deal Room Software but pricey

Apr 17, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: Its easy to use and set up and assign various teams for. Good analytics also based on usage from various users / teams

Cons: It was PRICEY ! - I would use it more if it wasn't this pricey. The user interface could also use an update..

Fair and reasonable

Apr 17, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The user interface was terrific and easy to use. I appreciated how it was easy to download files in the respective folders.

Cons: I wish that I could have automatically gotten updates of files that have been uploaded to the data room.

Excellent communication between their team and ours

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
2 / 5
Value for Money

Pros: It was thoughtfully designed. All challenges capital exchanges typically experience was addressed and accounted for.

Cons: The price is prohibitive for daily operations and ongoing use for smaller companies that service and source capital for smaller transactions. If there were a monthly subscription fee or a tiered pricing structure for varying degrees of time and features then this might be more feasible.

Good UI/UX. Not overly complicated

Apr 23, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money

Pros: Simple to use without needing a walkthrough. Good features & functionality if you need them. Was easy to download documents without making the process too cumbersome. Did not need to download additional software which was great.

Cons: Haven't had any negative experiences to date. I never heard of Dealroom previously, but seems to work well

Positive experience

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Pros: I utilized dealroom to exchange files with a banker in order to conduct research on a particular investment opportunity. DealRoom was easy to use from a UI and document download perspective.

Cons: DealRoom is not as widely known in the marketplace so I have not had as many opportunities to familiarize myself with the product.

Overall: Ease of use.

Convenient

Apr 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: The software is very convenient. It helps me keep track of the process we're in with a large amount of buyers.

Cons: I wish that your software for DealRoom would enable users to track buyer interests on a page-by-age analysis.