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)

181 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

(117)

117

4 stars

(53)

53

3 stars

(12)

12

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 181 results

April 2018

Curtis S. from Auxo Investment Partners

Industry: Financial Services

Time Used: More 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

Most responsive and innovative dataroom provider in the market right now

Very easy to use

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!

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!

November 2019

Brendan from Stout

Company Size: 201-500 employees

Industry: Investment Banking

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

November 2019

Review

Great, no complaints.

Pros

It's very intuitive, easy to maintain and make adjustments to folders throughout the process.

Cons

Occasionally download time can take longer than expected.

Reasons for Choosing DealRoom

Dealroom was recommended as the easiest to use.

Response from DealRoom, a Day1 Company

Replied November 2019

Thanks for the feedback Brendan! Great to hear you've had a positive experience with the platform and it's been easy to use. Appreciate you taking time to leave a review!

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!

November 2019

Christopher from Blackstreet Capital

Company Size: 2-10 employees

Industry: Investment Management

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

3.0

Functionality

5.0

November 2019

Product Review

Generally very positive and would be happy to recommend it to colleagues or peers.

Pros

Sustainable, navigable ease of use. It was easy to move around and induced user interaction in a way that trained me to adjust to some of its more unique features.

Cons

There were times when I found preview screens to distort the image of the document.

Response from DealRoom, a Day1 Company

Replied November 2019

Thanks for the feedback Christopher! Happy to hear the platform was intuitive and you were able to utilize more than just the basic features. Hope to work with you on future projects!