Many startups and larger enterprises are involved Learn More in fundraising rounds as a way to expand their business. It is essential to have all the information organized and accessible for all parties involved in the fundraising process. It’s typical for companies to use virtual data rooms for fundraising and M&A due diligence, making sure that all relevant parties are able to access the relevant information at the right time.

When creating the VDR to raise funds, it’s crucial to consider the information that is most crucial. The most important things to include are pitch decks, basic financials (P/L, cash metrics and projections) and a cap table that includes an explanation of any events or commitments, and your most recent term sheet. Include a synopsis of your business that outlines the most important characteristics and benefits.

Other important documents to include are a list of current as well as former employees, including their jobs, their titles, salary details, and commission structure; an overview of current and future customers with contact information; first-hand market research; and competitor analysis. Depending on the kind of financing you’re looking for you might also want to include a competitive landscape chart and growth performance statistics. Additionally, it’s a good idea to gate the data room using digital, one-click confidentiality agreements (NDAs) to ensure the security standards and to avoid any unwanted disclosures. Certain modern VDR providers, like Flow, offer live chat in their app for users. This enables all stakeholders to interact with data and ask questions.