Review, checked October 2026
DealRoom review
A data room plus M&A project management for corporate development teams. Q&A, ISO 27001, quote based with a free trial.
Key points
- Score 7.9/10 (very good), rank 9 of the 16 data rooms we review.
- Price: Quote on request; free trial.
- Investor controls: 5 of 6 (viewer watermarks, view and download rights, activity log, 2-step login, q&a module).
- Security: SOC 2, ISO 27001.
- Best for: corporate development pipelines.
What DealRoom is
DealRoom, founded in 2012 in the United States, combines a data room with deal pipeline and diligence task management. It lists Q&A, watermarking, file-level rights, 2-step login, ISO 27001 and SOC 2.
Pricing is by quote with a free trial.
Useful for buyers running several acquisitions in parallel who want the diligence request list and the room in one tool.
How DealRoom scores
DealRoom scores 7.9 out of 10 overall. It is above the field average on diligence workflow, security and compliance. The chart shows each criterion against the average of all 16.
DealRoom: score by criterion
Each criterion out of 10. The red tick is the average of all 16 data rooms.
Strengths and what is missing
- Pipeline and request-list management
- Q&A and access controls
- ISO 27001 and SOC 2
- No redaction, SSO or AI tools listed
- No published price
Where DealRoom fits best
Its strongest positions across our seven investor use-case rankings:
Mergers and acquisitions
4 of the 5 must-have features for this use case: q&a module, view and download rights, activity log, viewer watermarks.
#8 of 16, 8.2/10Buy-side due diligence
4 of the 5 must-have features for this use case: q&a module, view and download rights, activity log, viewer watermarks.
#9 of 16, 8.0/10Venture capital
5 of the 5 must-have features for this use case: viewer watermarks, view and download rights, activity log, q&a module, 2-step login.
Features
| Feature | DealRoom | What it does for investors |
|---|---|---|
| Q&A module | Listed | Investors ask questions inside the room; your team assigns, answers and publishes them, with a record of every reply. |
| Activity log | Listed | A log of which investor opened, downloaded or printed each file and for how long, ready to export. |
| Viewer watermarks | Listed | Each page shows the viewer's name or email and the time, so a leaked copy traces back to one person. |
| Redaction in the room | Not listed | Black out salaries, customer names or personal data inside the room instead of uploading edited copies. |
| Built-in e-signature | Not listed | Investors sign the NDA or the subscription documents without leaving the platform. |
| Mobile app | Not listed | A native iOS or Android app, on top of the mobile browser view most rooms offer. |
| Public API | Not listed | A documented interface to create rooms, sync users and pull activity into a CRM or a fund system. |
| Single sign-on | Not listed | Your team signs in with company credentials through an identity provider such as Okta or Entra ID. |
| 2-step login | Listed | A second login step (a code or an app) for admins and investors. |
| Bulk upload | Listed | Drag a whole folder tree into the room and keep its structure and numbering. |
| View and download rights | Listed | Per-file rules for view, print and download, including view-only access that can be withdrawn. |
| AI help | Not listed | Machine help listed by the vendor, such as auto-indexing, document summaries, search or drafting Q&A answers. |
DealRoom against the field
Number of reviewed data rooms that list the feature. Yellow bars: features DealRoom lists.
DealRoom pricing
DealRoom does not publish a price and quotes per project, usually on the number of users, the data volume and how long the room stays open. Ask for the full price in writing, including overage and archive fees. Free trial.
Estimate the cost of DealRoom for your deal
Pick your project, team size and how long the room stays open.
| Data room | Pricing | Total for the period |
|---|---|---|
 Citrix ShareFile | Flat | $165 |
 Digify | Flat | $360 |
 Ellty | Flat | $447 |
 DocSend | Per user | $675 |
 SecureDocs | Flat | $750 |
 CapLinked | Flat | $897 |
 iDeals | Estimate | ~$2,700 to $7,500 |
 Datasite | Estimate | ~$2,700 to $7,500 |
 Ansarada | Estimate | ~$2,700 to $7,500 |
 Firmex | Estimate | ~$2,700 to $7,500 |
 Drooms | Estimate | ~$2,700 to $7,500 |
 Intralinks | Estimate | ~$2,700 to $7,500 |
 SmartRoom | Estimate | ~$2,700 to $7,500 |
| DealRoom | Estimate | ~$2,700 to $7,500 |
 ShareVault | Estimate | ~$2,700 to $7,500 |
 Venue by DFIN | Estimate | ~$2,700 to $7,500 |
Flat and per-user totals use each vendor's published entry price. "Estimate" rows do not publish a price; the range is our market band for the project you picked, not a quote from that vendor. All prices in USD, indicative, before tax.
Security and compliance
DealRoom lists SOC 2, ISO 27001. Admins and investors can be required to use 2-step login. Single sign-on is not listed. Files can be watermarked with the viewer's details and set to view-only.
Investor controls not listed: redaction in the room.
Setup and support
Trial plus guided onboarding. Speed-to-launch score: 7.8/10 (average 8.1).
Check during your trial or demo
- Invite a colleague as an investor and confirm they cannot download a view-only file.
- Open a document as that investor and check the watermark shows their name and the time.
- Export the activity log and see if it shows page-level views.
- Post a question as an investor and route it to an expert on your side.
- Ask for the price of your exact project in writing, including what happens after the term.
DealRoom alternatives
DealRoom FAQ
How much does DealRoom cost?
DealRoom does not publish a price; it quotes per project. As a guide, quote-only rooms usually cost $900 to $2,500 a month for a Series A round and more for a buyout or auction.
Does DealRoom have a free trial?
Yes, DealRoom lists a free trial.
Is DealRoom secure enough for institutional investors?
DealRoom lists SOC 2, ISO 27001 and 2-step login. ISO 27001 covers most institutional security questionnaires.
Does DealRoom have a Q&A module?
Yes. Investors can ask questions inside the room, and your team can assign, answer and publish them with a full record.
What are the best DealRoom alternatives?
The closest alternatives by use and score are SmartRoom, CapLinked, Intralinks. See the full ranking for all 16.