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Virtual Vaults (Drooms) is a European VDR built for real estate and M&A — but it requires sales contact, lengthy onboarding, and project-based pricing. Peony is a modern data room with screenshot protection, dynamic watermarks, NDA gating, and page-by-page analytics that you can set up yourself.Set up in under 5 minutes. No sales call required.
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Side-by-side comparison
Virtual Vaults (Drooms) is a European virtual data room focused on real estate and M&A in the DACH region. Peony is a complete virtual data room with analytics, security, and AI built in — designed for fundraising, M&A, and investor relations worldwide.
PeonyWhy teams switch from Virtual Vaults to Peony
Virtual Vaults was built as a traditional European VDR with sales-driven onboarding. Modern deal teams need self-serve data rooms with granular security, real-time analytics, and AI-powered document intelligence — without waiting for a sales call.
Self-serve setup
Virtual Vaults requires contacting sales, scheduling demos, and going through onboarding. Peony lets you create your first data room in under 5 minutes — sign up, upload documents, and share a secure link immediately.
Screenshot protection
Virtual Vaults has no screenshot protection. Anyone who opens your documents can capture and forward them. Peony blocks screen captures, adds dynamic watermarks, and gates access behind NDAs to keep your deal documents confidential.
AI document chat
Peony lets investors and partners ask questions about your documents and get instant AI-powered answers around the clock. Virtual Vaults offers no document intelligence — viewers are left to read everything on their own.
Transparent pricing
Virtual Vaults charges EUR 3,000 to EUR 15,000 per project with no public pricing. Peony offers a free plan ($0) with transparent per-admin pricing. Pro ($20/admin/mo) gives you 200 GB and every premium feature — no hidden costs.
Pricing comparison
Peony gives you unlimited data rooms, page-by-page analytics, screenshot protection, and AI document chat — all included free. Virtual Vaults charges thousands per project with no self-serve option.
Peony
Free
$0
2 GB storage, unlimited data rooms
Pro
$20/admin/mo
200 GB storage
Business
$40/admin/mo
1 TB storage
Data rooms, analytics, screenshot protection, watermarks, NDA gating, AI chat, and e-signatures included on all plans.
Virtual Vaults
Custom Quote
EUR 3K-15K/project
Requires sales contact
Enterprise
Custom
Volume licensing for large organizations
No free tier. No self-serve signup. No public pricing. No screenshot protection. No AI features. No dynamic watermarks.
When to use each platform
Virtual Vaults works for large European enterprises with dedicated deal teams and procurement budgets. Peony is the better choice when you need a fast, affordable, and AI-powered data room for any deal size.
Choose Virtual Vaults when you need
A traditional European VDR with DACH-region compliance
Sales-assisted onboarding with dedicated account management
Large-scale real estate portfolio transactions in Europe
Enterprise procurement processes with custom contracts
Choose Peony when you need
A secure data room for fundraising, M&A, or due diligence
Page-by-page analytics to see exactly which documents investors care about
Screenshot protection, dynamic watermarks, and NDA gating to protect confidential deal documents
AI document chat so investors get instant answers without waiting for your team
Built-in e-signatures for NDAs, term sheets, and closing documents
Self-serve setup with a free tier — no sales call, no credit card
What Peony gives you that Virtual Vaults does not
Stop unauthorized screenshots of your deal documents
Virtual Vaults has no screenshot protection. Anyone who opens your documents can capture every page and forward it. Peony blocks screen captures and stamps every page with the viewer's identity and timestamp — so if a document leaks, you know exactly who shared it.
Screenshot protection
Block screen captures of sensitive documents. Virtual Vaults has no equivalent — once a document is viewed, it can be screenshotted freely.
Dynamic watermarks
Every page stamped with the viewer's email and timestamp. Trace the source of any leak instantly — Virtual Vaults offers only static watermarks that cannot identify the viewer.
NDA-gated access
Require investors to sign an NDA before they see a single page. Built-in e-signatures make it seamless — no separate signing tool needed.
Know exactly which pages your investors care about
Virtual Vaults provides basic activity logs showing who accessed the data room. Peony shows you which pages were read, how long each investor spent per page, and their total viewing time. Prioritize your follow-up calls based on real engagement data, not guesswork.
Let investors ask questions and get instant answers
Virtual Vaults has no AI capabilities. Peony's AI document chat lets investors and partners ask questions about your data room and receive instant, accurate answers pulled directly from your documents — 24 hours a day, 7 days a week. Close deals faster by removing information bottlenecks.
"Not often I make recommendations, but I started using Peony to share presentations etc with external people. It works so well & makes us look really organized."
Anthony Gale
Founder & CEO, PromoLens
Frequently asked questions
Is Peony a good alternative to Virtual Vaults?
Yes. Peony offers a modern virtual data room with screenshot protection, dynamic watermarks, NDA gating, and page-by-page analytics — all included on the free plan with self-serve setup. Virtual Vaults (Drooms) is a European VDR that requires sales contact, lengthy onboarding, and project-based pricing typically ranging from EUR 3,000 to EUR 15,000. Peony delivers the same security with a faster, more affordable experience.
How does Peony pricing compare to Virtual Vaults?
Peony starts free ($0) with 2 GB of storage and unlimited data rooms. The Pro plan is $20 per admin per month (200 GB) and Business is $40 per admin per month (1 TB). Virtual Vaults uses custom project-based pricing, typically EUR 3,000 to EUR 15,000 per project, with no free tier and no self-serve option. Peony is significantly more affordable and transparent.
Does Peony work for European real estate and M&A deals?
Yes. Peony is built for secure document sharing across all deal types, including real estate transactions and M&A due diligence — the same use cases Virtual Vaults targets. Peony provides unlimited data rooms, page-by-page analytics, screenshot protection, dynamic watermarks, NDA gating, and AI document chat, with self-serve setup in under 5 minutes and no geographic restrictions.
Does Peony have better security than Virtual Vaults?
Peony includes screenshot protection, dynamic watermarks, and NDA gating on all plans. These features prevent unauthorized captures of your documents and trace any leaks back to the viewer. Peony also offers password protection, link expiry, two-factor authentication, and controlled redaction to permanently black out sensitive financial figures or PII before sharing with counterparties — all backed by AES-256 encryption at rest and TLS 1.3 in transit on SOC 2-ready, GDPR, CCPA, and HIPAA compliant infrastructure. Virtual Vaults provides standard VDR security but does not offer screenshot protection or dynamic watermarking.
Does Peony have AI features that Virtual Vaults lacks?
Yes. Peony includes AI document chat that lets investors and partners ask questions about your data room documents and receive instant, accurate answers pulled directly from your files. Peony also provides Smart Q&A, a structured 4-step workflow where counterparties submit questions, AI drafts answers from your documents, your team reviews, and approved responses are published — keeping your side in control. Peony's auto-indexing applies OCR to scanned files and builds a full-text search index automatically. Virtual Vaults has no AI document intelligence capabilities.
How fast can I set up Peony compared to Virtual Vaults?
Peony is designed for self-serve setup — you can create your first data room in under 5 minutes. Simply sign up, upload documents, configure security settings, and share a single link. Virtual Vaults requires contacting their sales team, going through a demo process, negotiating pricing, and completing onboarding — a process that can take days or weeks.
Can I use Peony instead of Virtual Vaults for due diligence?
Yes. Peony provides everything you need for due diligence data rooms: unlimited folder structures, granular permissions, page-by-page analytics, screenshot protection, dynamic watermarks, NDA gating, AI document chat, and controlled redaction to black out sensitive terms before sharing. Peony also generates AI-powered due diligence checklists tailored to your deal type, tracking uploaded vs missing documents with completeness scoring. Peony supports the same M&A, real estate, and corporate due diligence workflows as Virtual Vaults, with faster setup and transparent pricing.
Can I migrate from Virtual Vaults to Peony easily?
Yes. Peony is designed for quick migration — you can set up your first data room in under 5 minutes. Upload your documents, configure security settings like watermarks and NDA gating, and share with a single link. Most teams complete their Virtual Vaults-to-Peony migration in one session, without needing to contact a sales team or wait for provisioning.