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DealRoom Reviews & Product Details - Page 4

DealRoom Overview

What is DealRoom?

DealRoom is the leading M&A Software Platform, purpose-built to streamline deal execution. By providing a single, centralized source of truth for all deal data, DealRoom enables seamless collaboration and alignment among deal teams, sellers, and integration teams. With workflow automation, granular permissions, and customizable reporting, it delivers full control and visibility throughout the M&A process. DealRoom is designed to simplify complex deal management, helping stakeholders work more efficiently and achieve successful outcomes. Learn more at www.dealroom.net

DealRoom Details
Languages Supported
English, French
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Product Description

DealRoom is a tool that centralizes transaction data and diligence requests without the need for spreadsheet trackers and unsecure email threads.

How do you position yourself against your competitors?

Today's standalone virtual data rooms are little more than online storage. Lacking integration with spreadsheet-based request trackers and communication tools, users are tasked with excessive copying and pasting, application switching and other repetitive, low-value work. The need to send highly-sensitive spreadsheets via email is a security risk. Per-page pricing models are exorbitantly expensive.

Within DealRoom, all due diligence operations take place in a secure, easy-to-use Web-based platform. Requests are directly linked to documents, eliminating the need for spreadsheets and manual searches. Comments are directly linked to documents and requests for streamlined communication. And with activity in the same platform, DealRoom can derive project analytic data that is not available when standalone data rooms are used. DealRoom also features machine learning to reduce repetitive tasks and robust APIs for CRM and compliance tool integration. Best of all, DealRoom's flat-rate pricing results in fewer unpleasant surprises for you and your clients.


Seller Details
Seller
DealRoom
Year Founded
2012
HQ Location
Chicago, IL
Twitter
@dealroominc
2,516 Twitter followers
LinkedIn® Page
www.linkedin.com
50 employees on LinkedIn®

Kison P.
KP
Overview Provided by:
CEO at Day1

Recent DealRoom Reviews

JM
Julian M.Small-Business (50 or fewer emp.)
4.5 out of 5
"Dealroom is easy to use and a great source of insight on VCs, start-up and tech ecosystems"
It is easy to navigate, and some of the curated content is interesting. The dataset it draws from appears to be comprehensive and up to the minute....
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"I believe dealroom is a quality service"
Upto date practical step by step procedure of getting the deal done.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"Great database"
Dealroom functions very well as a database for VC startups and has a lot of functionalities
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
0 people requested security information

DealRoom Media

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Video Reviews

66 DealRoom Reviews

4.3 out of 5
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66 DealRoom Reviews
4.3 out of 5
66 DealRoom Reviews
4.3 out of 5

Overall Review Sentiment for DealRoomQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

DealRoom is a convenient and intuitive platform that saves both time and money. It's faster than any other VDR platform I've used. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

The one challenge is orienting clients and buyers who haven't used the platform before. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

I would recommend giving DealRoom a shot - after seeing the benefits (time and money) you won't regret it. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

DealRoom has saved me many hours of work by getting all of the project management out of Excel and online. Review collected by and hosted on G2.com.

Rama M. C.
RC
Corporate Associate
Law Practice
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

I really like the interface (much better than the other data rooms out there) Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

I don't dislike anything about it so far Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

I am conducting due diligence of documents uploaded to DealRoom. Benefits include efficiency and speed Review collected by and hosted on G2.com.

Verified User in Investment Banking
AI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

It is very intuitive and the platform offers a way to share files that before this system were sent and at times lost in email threads or held up in file paths that each doc needed a permission. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

I wish there was a better home page to navigate from instead of just the ribbon at the top Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

communication of docs with client seems a big boost in easiness, transparency better optimized. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
CC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

I like that it was built for the purpose of collaborating on sensitive and confidential information which requires security and ease of use for all parties. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

I did not find anything I did not like as I was not an admin. I think I would need a bit more time using the platform in order to provide a better suggestion here. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

Remember that other platforms are for sharing of general and non-sensitive data and may not have the level of security you require.

DealRoom was created with all that in-mind so it covers the security issue while remaining easy to use. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

Collaborating with borrowers, lenders, consultants, and brokers Review collected by and hosted on G2.com.

Verified User in Management Consulting
CM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

It is incredibly easy to share documents while keeping them organized. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

There is nothing I don't like about DealRoom at this time Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

Ability to share documents with 3 parties Review collected by and hosted on G2.com.

Verified User in Insurance
UI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

I've used DealRoom's software for several months and have been very impressed with its user-friendliness and utility; I've shared it with my colleagues and our due diligence has improved. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

I've had a little trouble explaining to my colleagues how DealRoom can add value but once I've shown them how it works, they understand. It may be helpful to have a one-pager I can send to colleagues to explain the app better than I can. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

I highly recommend DealRoom. I know of no better product in this space. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

We do due diligence tasks regularly and DealRoom has helped us organize our documents and efficiently achieve our deal needs. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

I like that in the notification emails, the new documents are linked for the most recent uploads. Some sites I've used in the past would give you the option to turn on alerts but I'd never see any email come through. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

Wish there was a better way to sort by time modified and only look at the new uploads since last visit. I'd also recommend adding a function to be able to download multiple folders at once. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

Turn on email notifications to always be on top of updates. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

We were able to have one place where all the data is aggregated. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about DealRoom?

DealRoom is easy to navigate and has a simple visual layout. The signup is straightforward. Overall, very easy to use. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

DealRoom had trouble loading certain large excel files in-browser, which caused my browser to freeze on several occasions. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

Do not view large excel files in your browser. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

A secure place to share information with others. Review collected by and hosted on G2.com.

William K.
WK
Investment Banking Analyst
Investment Banking
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about DealRoom?

DealRoom is very user friendly and easy to manage. Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

There is no middle step from uploading content to being available to rest of the dataroom. While this is very convenient, you cannot catch a mistake when uploading a variety of documents. Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

The ability to give different groups different access levels to multiple documents. This was rather easy to do. Review collected by and hosted on G2.com.

Curtis S. C.
CC
Private Equity Associate
Financial Services
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about DealRoom?

1) Pricing is month-to-month and fair (vs. by page...). 2) Machine learning: The platform also has machine learning to allow you to quickly answer multiple requests lists from different parties. 3) Project management capabilities not available on any other platform. 4) Extremely easy to learn. (e.g. drag and drop, objects are where you would expect them to be, great customer service) Review collected by and hosted on G2.com.

What do you dislike about DealRoom?

Fantastic service and software. Nothing. Review collected by and hosted on G2.com.

Recommendations to others considering DealRoom:

Have a sales person run you through a demo. You'll love what you see! Review collected by and hosted on G2.com.

What problems is DealRoom solving and how is that benefiting you?

We use DealRoom to help manage questions from multiple parties and confidential files. Review collected by and hosted on G2.com.