Virtual data rooms are unique business software that allows secure file exchange, collaboration and M&A across many stakeholders. The most effective VDRs combine rigorous security with effortless collaboration and a broad set of features. These features are particularly beneficial for startup companies. The right VDR will streamline M&A and increase deal values.

The best choice of a virtual data room review for your company requires careful plan and evaluation of your project needs. Some providers offer additional support services such as training or consulting, that can help you and your team to become more efficient. Some offer cost-saving bundles of additional services that can reduce the total cost of managing your data.

The most highly-rated VDR for startups is Ansarada that has supported more than 500,000 projects. It also offers a variety of standard features for data rooms. The platform offers the ability to create Q&A workflows that are based on roles and a wide range of integrations, and sophisticated AI tools that permit greater efficiency in automation and analytics. Its granular access controls as well as an audit trail assure security. The platform also allows users to sign NDAs electronically and allows electronic signature on all documents.

Another leading provider is Intralinks, whose clients include DuPont, Starbucks, and L’Oreal. The platform is simple to use and comes with an extensive set of features that includes video uploads, Zoom integrations and more than 30 advanced Q&A features. Its Optical Character Recognition (OCR) functionality turns scans and images into searchable text, which increases accessibility and efficiency. It also provides a simplified user interface and round-the-clock customer support.