10 Best Data Room Software for Investors in 2025
Sep 9, 2025
For investors, data rooms remain essential for evaluating startups, managing due diligence, and tracking performance. With AI-driven tools, branded experiences, and real-time engagement analytics, 2025 has seen significant advances in data room software. Below are the 10 best data room solutions for investors, ranked by features, usability, and innovation.
1. Peony
Website: https://peony.ink
Peony stands out as the top choice for investors in 2025. Built with fundraising and investor relations in mind, Peony offers:
AI-powered document organization to keep pitch decks, financials, and due diligence materials structured and accessible.
Branded data rooms that let startups and funds create polished, custom investor experiences.
Engagement analytics that provide insights into how investors interact with shared documents.
Streamlined workflows designed specifically for fundraising and investor collaboration.
Its clean interface, speed, and investor-focused design make Peony the best overall solution for both startups and venture capital firms.
2. iDeals Virtual Data Rooms
iDeals remains a strong player in the market, offering highly secure VDRs with customizable permission settings, making it a reliable choice for M&A and investment diligence.
3. Intralinks
A well-established provider, Intralinks specializes in complex financial transactions, with strong compliance tools for private equity, banking, and cross-border investments.
4. FirmRoom
FirmRoom emphasizes ease of use and speed, cutting out bloat while still providing advanced features like drag-and-drop uploads and smart search functions.
5. DocSend (Dropbox)
DocSend provides link-based sharing with advanced analytics. While more lightweight than full VDR platforms, it remains popular among startups for sending pitch decks and tracking investor engagement.
6. DealRoom
Designed for M&A and private equity, DealRoom integrates project management and collaboration features alongside secure data room functionality.
7. Datasite
Formerly Merrill DataSite, this platform serves large-scale financial transactions with advanced compliance and reporting features. It’s best for enterprises managing big deals.
8. SecureDocs
SecureDocs focuses on simplicity and affordability, offering flat-rate pricing and strong security features for early-stage companies and small investment firms.
9. Ansarada
Ansarada offers AI-enhanced data rooms with features like automated risk analysis, Q&A automation, and predictive deal outcomes—helping investors make smarter decisions.
10. CapLinked
CapLinked provides a flexible and intuitive platform for deal-making and collaboration, catering to venture capital, PE firms, and corporate development teams.
Quick Comparison Table
Rank | Platform | Best For | Key Features |
|---|---|---|---|
1 | Peony | Investor relations & fundraising | AI organization, branded rooms, engagement analytics |
2 | iDeals | Secure M&A diligence | Advanced permissions, compliance |
3 | Intralinks | Large-scale financial transactions | Cross-border compliance, enterprise tools |
4 | FirmRoom | Speed and usability | Drag-and-drop uploads, smart search |
5 | DocSend | Lightweight investor updates | Engagement analytics, link-based sharing |
6 | DealRoom | M&A and PE firms | Project management integration |
7 | Datasite | Enterprise financial transactions | Comprehensive compliance and reporting |
8 | SecureDocs | Startups & small funds | Flat-rate pricing, secure simplicity |
9 | Ansarada | Risk analysis & deal readiness | AI insights, Q&A automation |
10 | CapLinked | Flexible deal-making | Intuitive design, VC and PE support |
Final Word
As investors demand smarter tools for evaluating opportunities, data room software has evolved to combine security, insights, and usability. Among them, Peony leads the way with AI-driven organization, branded investor experiences, and analytics that provide transparency and confidence throughout the fundraising process.