About DealRoom

DealRoom is a cloud-based virtual data room for investment banking, private equity and corporate development businesses. The solution helps organizations to manage deals by storing and sharing documents, track due diligence tasks and communicate with reviewers in real time. Key features include a shared workspace, audit trails, project analytics and document recall.

Users can upload documents in bulk using a drag-and-drop interface. Users can also apply watermarks to documents and assign permissions for viewing, printing and downloading. The solution uses machine learning to detect duplicate requests and automatically fetches existing responses or documents.

DealRoom enables users to flag high risk or priority requests. The solution also helps users p...


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Supported Operating System(s):

Web browser (OS agnostic)

205 Reviews of DealRoom

Average User Ratings

Overall

4.58 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4.5

Ratings Snapshot

5 stars

(131)

131

4 stars

(61)

61

3 stars

(13)

13

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 205 results

April 2018

Ovais A. from Auctus Group, Inc.

Verified Reviewer

Company Size: 11-50 employees

Industry: Financial Services

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

April 2018

Excellent platform with ease of use

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.

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.

July 2019

Mark from Rivington Holdings

Company Size: 2-10 employees

Industry: Banking

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

3.0

Functionality

5.0

July 2019

DealRoom review

Great tool for us to share very sizeable documents at a reasonable cost.

Pros

DealRoom is very easy to set up, upload and share docs on a confidential basis.

Cons

There is not a great way to add summary comments or notes to the notification email on new files uploaded. Additionally, the file name gets cut off in the cover email notifications.

Reasons for Choosing DealRoom

N/a.

Response from DealRoom, a Day1 Company

Replied July 2019

Thanks Mark! Happy to hear the platform was easy to use and appreciate the feedback on notifications. Thanks again!

July 2020

Austin from CMC

Company Size: 10,000+ employees

Industry: Mining & Metals

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

July 2020

Great data room for users

Pros

DealRoom was a great platform for a project I recently worked on. It provided timely notifications when new items were uploaded to the site, and it the folder structure was easy to navigate and search.

Cons

DealRoom was easy to use and access - I can't think of anything that I didn't like about the platform.

Response from DealRoom, a Day1 Company

Replied August 2020

Thanks for the review Austin! Glad had a positive experience and hope you get to work with us again!

July 2018

Anonymous

Verified Reviewer

Company Size: 5,001-10,000 employees

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

3.0

Functionality

2.0

July 2018

DealRoom - Gets The Job Done But Leaves More To Be Desired

It achieves it's basic purpose but there are other data rooms with enhancements that provide a better experience.

Pros

The bulk download capabilities, the organization by data room when you are in multiple, and the ability to view documents without downloading them.

Cons

There is no feature to sort all documents by upload date so that you can see what is new since you last logged in. Some other data rooms have a feature where you can sort new documents by your last login date or by new documents since a particular date you choose.

Response from DealRoom, a Day1 Company

Replied July 2018

Hello! Glad to hear you are happy with the bulk download capabilities. In the top right above the Home folder you can click Recent Files to show what has been last uploaded and sort by date. Thanks so much for the feedback and hope you use us again soon!

July 2020

Kris from Ravinia Capital LLC

Company Size: 2-10 employees

Industry: Banking

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

July 2020

Amazing VDR!

Uploading documents and making changes are so easy. Any time I use a different VDR I get frustrated.

Pros

It is much easier to use then most other VDR's I have worked with. The functionality and intuitive features are the best out there.

Cons

There are no specific complaints I have with this software. A VDR is supposed to make things easy for us to upload documents in a secure location and Deal Room has solved that problem.

Response from DealRoom, a Day1 Company

Replied July 2020

Thanks for the great review Kris! Glad the platform has been easy to use and overall provided value. Appreciate the positive feedback and support!