Unlimited free viewers. No per-page or storage fees. No hidden costs.
$0/admin/month
Personal shares, CVs, trying it out
Get Started FreeKey features:
$30/admin/month
Billed annually · Save $168/yr per admin
Get Started FreeAll Free features, plus:
$52/admin/month
Billed annually · Save $276/yr per admin
Save $2,688/yr vs DocSend Advanced
Get Started FreeAll Business features, plus:
$64/admin/month
Billed annually, min 4 admins · Save $300/yr per admin
Save up to $18,000/yr vs Firmex
Get Started FreeAll Data Room features, plus:
Custom
LLM & workflow, BYOK, self-hosted, SAML.
On average, save $127,836/yr vs Datasite
Learn moreAll Deal Team features, plus:
Not sure which plan is right for you?
Raising a round (fundraising)?
→ Data Room
A branded investor data room with NDA gating, per-page analytics, and AI document Q&A.
Running an M&A deal — sell-side or buy-side?
→ Deal Team
Run sell-side or buy-side diligence — multiple parallel deals, Advanced Q&A, redaction, per-data-room domains, and a closing-grade archive (priced per admin, min 4).
In a regulated industry, or need custom enterprise controls?
→ Enterprise
Built for ITAR, CUI, HIPAA, and 21 CFR Part 11 workloads — SAML SSO, custom DPA/MSA/SLA, BYOK, custom data residency, and self-hosted deployment (and connect any LLM & workflow for a fully agentic data room). Learn more.
Something else?
→ See all use cases
Sales & proposals, board, investor relations, recruiting & employee onboarding, course materials, and more — see who uses Peony below.
Panos Moutafis
Founder & CEO, Zenus
Every now and then, you come across a product that has a massive positive impact on your business. Peony is one such product.
Peony is the secure document sharing and virtual data room platform trusted by 5,900+ teams across M&A, venture capital, private equity, fundraising, law, life sciences, real estate, and 20+ other industries. Below is how different professionals use Peony — and which tier fits each workflow.
Peony is the fastest data room for founders raising pre-seed through Series C. Set up a branded investor room in five minutes, share your pitch deck with page-by-page analytics, and see which VCs actually read page 12 of your financials. NDA-gated access and granular permissions protect cap tables and customer lists. Founders typically start on Business for decks and graduate to Data Room once due diligence starts.
Best tier: Data RoomSee Peony for fundraising →Peony runs due diligence rooms for sell-side advisors, acquirers, and diligence leads. Upload the entire deal folder in bulk, auto-index by section, and give each buyer a permissioned sub-room with its own NDA, Q&A thread, and dynamic watermarking. The audit trail logs every file open, so you know exactly who read the environmental report at 2am. Data Room for single deals; Deal Team once you run several in parallel.
Best tier: Deal TeamSee Peony for due diligence →Peony replaces email attachments and clunky board portals like Diligent. Distribute board books, meeting minutes, and executive summaries with NDA gating, per-director watermarking, and read-receipt analytics. Every director gets a branded login; every page-flip is logged for governance. CFOs and corporate secretaries run quarterly board packets on Data Room at a fraction of the cost of dedicated board portal software.
Best tier: Data RoomSee Peony for board portals →Peony is the LP reporting portal for VC funds, private equity firms, hedge funds, and family offices. Tailor each LP link with just the reports they're entitled to, track open rates per LP, and countersign side letters inside the platform. Quarterly update cycles that used to take a week now ship same-day. Data Room is standard; larger funds use Deal Team or Enterprise for SSO and API access.
Best tier: Data RoomSee Peony for investor relations →Peony turns sales proposals into trackable assets. Send your SOW or RFP response as a Peony link and see when the buyer opens it, how long they spent on the pricing page, and whether they forwarded it internally. Sales reps know exactly when to follow up. Most sales teams run on Business; teams sharing sensitive IP or customer references step up to Data Room.
Best tier: BusinessSee Peony for sales →Peony is the secure platform for education and training organizations and course creators distributing course materials, exam banks, and licensed curricula. These teams run on Data Room — not Business — because protecting teaching IP at scale needs unlimited data rooms, robust screenshot protection (Screenshield), and a unique per-viewer 8-digit CID watermark burned into every page that traces any leaked or counterfeit copy back to the exact account that shared it (and the viewer-to-CID mapping exports as CSV for your records). Combined with download prevention and a full audit trail, you go from "someone leaked our materials and we have no idea who" to a named account in minutes.
Best tier: Data RoomSee Peony for education →Peony is the recruiting and onboarding data room for in-house talent acquisition teams, HR, and executive search firms. Send offer letters as tracked links and see the moment a candidate opens one, NDA-gate confidential compensation and equity details shared with finalists, collect candidate documents securely instead of over email, and run a branded new-hire onboarding portal — IP assignment agreements, handbook, and benefits — with a full audit trail of what each hire opened and acknowledged. Most HR and talent teams run on Business; executive search firms sharing confidential candidate dossiers step up to Data Room for dynamic watermarking, Advanced NDA, and custom domains.
Best tier: Business → Data RoomSee Peony for recruiting →Peony is the M&A data room for boutique investment banks, sell-side advisors, and mid-market M&A firms. Stand up a buyer-specific room in five minutes, countersign NDAs with full audit trail, run structured Q&A between bidders, and watermark every page with the buyer's identity. Data Room replaces DocSend and traditional VDRs like Intralinks; Deal Team fits firms running three or more simultaneous processes.
Best tier: Data Room → Deal TeamSee Peony for M&A →Peony is the virtual data room for VC funds across deal flow, portfolio monitoring, and LP fundraising. Organize inbound decks by stage, share quarterly updates with LPs through branded tailored links, and manage fund raises with a full audit trail. Emerging managers use Data Room; established funds with ten-plus team members move to Deal Team for flat per-admin pricing and API access.
Best tier: Data Room → Deal TeamSee Peony for venture capital →Peony supports the full PE workflow — deal screening, diligence rooms, LP capital calls, and portfolio company board packets. Independent sponsors and lower-middle-market PE firms replace $2K+/month VDRs with Peony's Data Room tier. Larger funds running multiple simultaneous processes move to Deal Team for flat per-admin pricing, Advanced Redaction, and SSO.
Best tier: Data Room → Deal TeamSee Peony for private equity →Peony is the data room for startup founders at every stage — from pre-seed pitch decks to Series C diligence rooms. Free to start, five minutes to set up, with page-by-page deck analytics from day one. Solo founders start on Free for their first deck and upgrade to Business when they need NDAs and data rooms. Dynamic watermarking and Data Room kick in when due diligence starts.
Best tier: Free → Business → Data RoomSee Peony for startups →Peony is the hedge fund data room for fund managers distributing DDQs, pitch books, and performance updates to LPs and allocators. Watermark every DDQ with the allocator's identity, NDA-gate sensitive track records, and track which allocators are actually reading. Data Room is the standard tier for emerging and mid-sized hedge funds.
Best tier: Data RoomSee Peony for hedge funds →Peony is the family office data room for multi-generational wealth, estate documents, trust filings, and direct investments. One secure vault for the family's full document history, with role-based access for family members, trustees, and outside advisors. The audit trail gives the principal total visibility into who accessed which trust documents when. Data Room fits most single- and multi-family offices.
Best tier: Data RoomSee Peony for family offices →Peony is the data room for commercial real estate brokers, investment sales teams, and real estate developers. Share offering memorandums with page-level analytics, collect CAs and NDAs from qualified buyers, and track which funds actually flipped through the financial model. Business suits single-property deals; Data Room fits portfolio sales, JVs, and fund-raises.
Best tier: Business → Data RoomSee Peony for real estate →Peony is the legal data room for boutique law firms, in-house counsel, and compliance teams managing privileged documents, client matters, and discovery materials. Per-matter rooms, attorney-client privilege tagging, and SOC 2-aligned audit trails. Data Room for small firms and solo practitioners; Enterprise for AmLaw-grade firms and regulated in-house legal teams.
Best tier: Data Room → EnterpriseSee Peony for legal →Peony is the biotech data room for sharing clinical data, IP filings, and partnership decks without risking exposure. Dynamic watermarking embeds the viewer's email on every slide of a competitive licensing deck; granular permissions give each pharma BD team its own subroom. Data Room for seed through Series B; Enterprise with BYOK for late-stage and IPO candidates.
Best tier: Data Room → EnterpriseSee Peony for biotech →Peony is the clinical trial data room for sponsors, CROs, and sites sharing protocols, regulatory filings, and trial results. Per-site access, IRB-compliant audit trail, and 21 CFR Part 11-aligned workflows. Data Room for academic and mid-stage trials; Enterprise with BYOK and self-hosted options for Phase III sponsors and GxP-regulated organizations.
Best tier: Data Room → EnterpriseSee Peony for clinical research →Peony is the secure document platform for insurance underwriters, brokers, and reinsurers. Share underwriting submissions, loss runs, and claims files with brokers and treaty partners; every access is logged for regulatory audit. Data Room covers most brokerages and MGAs; Enterprise fits carriers and reinsurers needing BYOK and custom SLAs.
Best tier: Data Room → EnterpriseSee Peony for insurance →Peony is the data room for accounting firms and audit teams collecting client financials, tax workpapers, and PBC lists. Branded client portals replace insecure email and WeTransfer; each engagement gets its own room with per-client NDAs. CPAs start on Business for 1:1 client work and move to Data Room for audit-heavy practices with multiple concurrent engagements.
Best tier: Business → Data RoomSee Peony for accounting →Peony is the client portal for boutique consultancies, independent consultants, and fractional execs delivering decks, proposals, and final reports. Branded rooms, download prevention, and IP-protected deliverables keep your frameworks yours. Most consultants use Business; firms with multi-party engagements or NDA-heavy workflows move to Data Room.
Best tier: Business → Data RoomSee Peony for consulting →Peony is the data room for enterprise tech sales — sharing security questionnaires, SOC 2 reports, reference architectures, and pricing models with procurement. Analytics show which stakeholders on the buyer side are actually reading, turning "is anyone looking at our proposal?" into a dashboard. Business for standard deals; Data Room when stakeholders multiply and sensitive IP is involved.
Best tier: Business → Data RoomSee Peony for technology sales →Peony is the data room for media companies, production houses, and rights holders distributing scripts, licensing packages, and unreleased content. Watermarked shares prevent leaks before embargo; NDA-gated access enforces rights compliance. Used by indie studios, talent agencies, and content licensing teams. Data Room is the default.
Best tier: Data RoomSee Peony for media →Peony is the data room for mining companies sharing NI 43-101 reports, geological surveys, and JV documents with bidders, investors, and regulators. Protect exploration data during bid rounds; track which strategics actually read the technical report. Data Room fits junior miners through mid-cap operators.
Best tier: Data RoomSee Peony for mining →Peony is the energy data room for oil & gas, renewables, and energy transition deals. Manage PSAs, JOAs, production data, and ESG disclosures across upstream, midstream, and renewable assets. Data Room for most operators and developers; Enterprise with BYOK for majors and private-equity-backed E&P platforms.
Best tier: Data Room → EnterpriseSee Peony for energy →Peony is the ITAR-aligned data room for defense contractors, primes, and subs sharing Controlled Unclassified Information (CUI) with partners and government. SSO, 2FA, full audit trail, and US-based hosting with BYOK. Defense customers go straight to Enterprise for compliance with DFARS 252.204-7012 and CMMC readiness.
Best tier: EnterpriseSee Peony for defense →Peony is the compliance data room for tokenized real-world assets and stablecoin issuers. Organize jurisdiction-by-jurisdiction filings, share reserve attestations with auditors, and give regulators permissioned access with full audit trail. Data Room handles most token projects; Enterprise with BYOK and self-hosted deployment fits issuers under NYDFS, MAS, or MiCA scrutiny.
Best tier: Data Room → EnterpriseSee Peony for RWA & stablecoins →Peony is the compliance data room for cannabis cultivators, MSOs, and license applicants organizing COAs, SOPs, and state and municipal licensing filings. Keep every jurisdiction's docs sorted, audit-ready, and NDA-gated. Business for single-state operators; Data Room for MSOs and license-holders operating across three or more states.
Best tier: Business → Data RoomSee Peony for cannabis →Peony is the construction data room for general contractors, subcontractors, and A&E teams sharing bid documents, AIA contracts, RFIs, and submittals. Organized by project and tracked page by page. Business for basic bid-document sharing at small and mid-size firms; Data Room adds per-viewer watermarking against bid leakage for teams bidding on multi-prime, multi-project pursuits.
Best tier: Business → Data RoomSee Peony for construction →Peony is the franchise data room for franchisors distributing FDDs to prospective franchisees and sharing unit-level performance data with existing operators. NDA-gated FDD delivery, signed acknowledgments in the audit trail, and branded franchisee portals. Data Room fits emerging and mid-size franchise systems.
Best tier: Data RoomSee Peony for franchise →Peony is the data room for architecture firms sharing BIM files, project specs, RFP responses, and design deliverables with clients and contractors. Download-prevented viewing keeps deliverables in-platform; Data Room adds version control and watermarked shares to prevent IP leakage on competitive pitches. Business for boutique practices; Data Room for firms working on RFP-heavy commercial and civic projects.
Best tier: Business → Data RoomSee Peony for architecture →Peony is the secure content platform for schools, universities, and professional training providers protecting course materials, exam banks, and licensed curricula. Education teams run on Data Room for unlimited rooms, screenshot protection (Screenshield), and a unique per-viewer 8-digit CID watermark on every page that traces any leaked or counterfeit copy back to the exact account — exportable as CSV. Download prevention and a full audit trail stop students and staff from redistributing teaching IP.
Best tier: Data RoomSee Peony for education →Peony is the client portal for executive coaches, fractional CXOs, and 1:1 high-ticket advisors. Give each client their own branded room for intake forms, session notes, deliverables, and signed engagement letters. Custom domain and no-login signing make every touchpoint feel white-glove. Business fits most independent coaching practices.
Best tier: BusinessSee Peony for coaches & advisors →Peony is the best-fit virtual data room for boutique M&A advisors and mid-market investment banks running buyer-driven deals. The Data Room tier ($52 per admin per month) includes buyer-specific sub-rooms, NDA countersigning with audit trail, auto-indexing, and structured Q&A between bidders — features that traditional VDRs like Intralinks and Datasite charge thousands of dollars per month for. M&A firms running three or more simultaneous deals should use Deal Team ($64/admin/month, min 4 admins, with Advanced Redaction and SSO).
Peony's Free plan gives solo founders a personal-use data room with page-by-page analytics and password protection at $0. Most startups upgrade to Business ($30 per admin per month) for NDA gating, email authentication, and up to 1,000 documents once they start sharing with VCs. For active fundraising rounds and Series A due diligence, the Data Room tier at $52 per admin offers unlimited rooms, dynamic watermarking, Advanced NDA with viewer signing, custom domain, and AI-powered document chat.
Peony is a direct DocSend alternative built for the same use cases — tracked pitch deck sharing, investor updates, sales proposals — at a fraction of the price. Peony's Business tier ($30 per admin per month) matches DocSend Advanced ($150 to $250 per month) on NDAs, screenshot protection, email authentication, and analytics. Peony's Data Room tier ($52 per admin) then adds full virtual-data-room capabilities DocSend doesn't offer at any tier: unlimited rooms, dynamic watermarking, Advanced NDA with countersigning, AI document chat, and auto-indexing.
Most VC and PE funds start on the Data Room tier ($52 per admin per month), which covers deal flow organization, portfolio monitoring, LP reporting, and due diligence rooms. Smaller emerging managers with one to four team members fit everything into Data Room. Funds with five or more team members, or funds running active fundraises with many LPs, should move to Deal Team ($64/admin/month, min 4 admins) for Advanced Q&A, Advanced Redaction, SSO, and API access.
Yes. Peony is SOC 2 Type II certified. From the Deal Team tier ($64/admin/mo) onwards, you can self-serve download our SOC 2 Type II report and standard DPA directly from your dashboard — hand them to procurement immediately, no sales call required. Enterprise (custom pricing) is for buyers who need custom DPA/MSA/SLA negotiation, SAML SSO (Okta, Azure AD, Ping), BYOK, or self-hosted deployment. Defense contractors sharing ITAR/CUI documents and life sciences teams under 21 CFR Part 11 should go straight to Enterprise.
Yes. Peony is a full virtual data room purpose-built for M&A, fundraising, and corporate due diligence. The Data Room tier ($52 per admin per month) includes buyer-specific sub-rooms, Advanced NDA with countersigning, granular per-file permissions, auto-indexing, Q&A, dynamic watermarking, and a complete audit trail — everything required to run a competitive sell-side process. Deal Team ($64/admin/month, min 4 admins) adds Advanced Redaction and Advanced Q&A for active M&A firms.
Traditional VDRs like Intralinks, Datasite, and Firmex charge $5,000 to $25,000-plus per project, with multi-month contracts and per-page pricing. Peony charges $52 per admin per month — no page fees, no setup fees, and no per-project contract. For boutique M&A firms, emerging PE funds, mid-market dealmakers, and startup-focused advisors, Peony delivers the same core VDR features (NDA, audit trail, Q&A, granular permissions, auto-indexing) at roughly one-fiftieth of the traditional VDR cost.
Peony starts at $0 for founders sharing their first deck (Free plan) and $30 per admin per month for active investor sharing (Business). Once Series A due diligence starts, fundraising founders typically move to Data Room at $52 per admin per month, which includes unlimited rooms, Advanced NDA with viewer signing, custom domain, and AI document chat for investor-driven Q&A. Most Series A rounds use one to three admins on the founder side, putting typical monthly cost between $52 and $156.
Real estate dealmakers — CRE brokers, investment sales teams, and developers — use Peony to share offering memorandums (OMs), collect confidentiality agreements (CAs) and NDAs, and track which qualified buyers actually read the financial model. Business ($30 per admin per month) suits single-property deals and smaller brokerages; the Data Room tier ($52 per admin per month) fits portfolio sales, JV deals, and real estate fund raises.
Yes. Peony is used by boutique law firms, in-house legal counsel, and compliance teams to share privileged documents, client matter files, and discovery materials securely. The Data Room tier ($52 per admin per month) includes per-matter rooms, granular file permissions, and an audit trail aligned with attorney-client privilege requirements. Deal Team ($64/admin/mo) adds self-serve SOC 2 Type II report and standard DPA download for procurement. AmLaw-grade firms and regulated in-house teams needing custom DPA/MSA, SAML SSO, BYOK, or self-hosted deployment should use Enterprise.
Peony is the recruiting and onboarding data room for talent acquisition teams, HR, and executive search firms. The Business tier ($30 per admin per month) covers most teams — send offer letters as tracked links and see exactly when a candidate opens one, e-sign offer letters and onboarding paperwork, collect candidate documents securely, and run a branded new-hire onboarding portal with a full audit trail of what each hire opened. Executive search firms and teams sharing confidential compensation, equity, or candidate dossiers move to Peony's Data Room tier ($52 per admin per month) for dynamic watermarking, Advanced NDA with a countersigned PDF, custom domain and branding, and unlimited data rooms.
Everything included in each plan, side by side.
| Features | Free $0/admin/mo | Business $30/admin | Data Room Most Popular $52/admin | Deal Team $64/admin | Enterprise Custom |
|---|---|---|---|---|---|
| Sharing & Storage | |||||
| Tracked links | |||||
| Unlimited visitors | |||||
| Documents | 50 | 1,000 | Unlimited | Unlimited | Unlimited |
| Data rooms | — | 3 per admin | Unlimited | Unlimited | Unlimited |
| Multi-file sharing (1 link) | — | ||||
| Folders & subfolders | — | ||||
| Bulk upload | — | ||||
| Max file size | 50 MB | 2 GB | Unlimited | Unlimited | Unlimited |
| Storage | 500 MB | 50 GB | Unlimited | Unlimited | Unlimited |
| Video & rich media | — | ||||
| Live HTML & AI artifact rendering (Claude/GPT artifacts run — JavaScript executes) | |||||
| Analytics | |||||
| Page-by-page analytics | |||||
| Viewer identity (who viewed) | |||||
| Viewer location tracking | |||||
| Time per page | |||||
| Real-time visit notifications | |||||
| Download tracking | — | ||||
| Dropoff report | — | ||||
| Video & rich media analytics | — | ||||
| Analytics export | — | ||||
| Version comparison | — | — | |||
| Data room analytics (aggregate) | — | — | |||
| Analytics retention | 30 days | 1 year | 2 years | Unlimited | Unlimited |
| Link Controls | |||||
| Password protection | |||||
| Link expiration | |||||
| Email capture | |||||
| Email authentication | — | ||||
| Allow/block visitor list | — | ||||
| Custom access questions | — | — | |||
| Custom welcome message | — | ||||
| Remote access revocation | — | ||||
| Domain-restricted access | — | — | |||
| Security | |||||
| Dynamic watermarking | — | — | |||
| Simple NDA — view & acknowledge (analytics only, no signed PDF) | — | ||||
| Professional fundraise, M&A advisors, and fund managers upgrade here — Advanced NDA is the only flow that produces a legally enforceable, countersigned PDF that both sides can download and save. | |||||
| Advanced NDA — viewer digitally signs | — | — | |||
| Signed NDA delivered to both parties (downloadable) | — | — | |||
| NDA audit trail, countersigning & custom templates | — | — | |||
| Screenshot protection | — | ||||
| Screenshield | — | — | |||
| Download prevention | — | ||||
| Granular file permissions | — | — | |||
| Audit trail | — | — | |||
| eSignature | |||||
| eSignature | 3/month | Unlimited | Unlimited | Unlimited | Unlimited |
| Collect initials | — | ||||
| AI | |||||
| AI document Q&A | — | ||||
| AI room generation | — | — | |||
| Advanced Redaction | — | — | — | ||
| AI document Q&A usage | — | 1× | 5× | 10× | Custom |
| Branding | |||||
| Remove Peony branding | — | ||||
| Custom logo and background | — | ||||
| Custom domain & branding | — | — | |||
| Per data room domain & branding | — | — | — | ||
| Custom email body & header | — | — | — | ||
| Data Room Features | |||||
| Advanced security | — | Partial | |||
| Group permissions | — | — | |||
| Auto-indexing | — | — | |||
| Basic Q&A | — | — | |||
| Advanced Q&A module | — | — | — | ||
| External links in data rooms | — | — | |||
| Data room archive download (tamper-proof, OTP-protected) | — | — | — | ||
| Document upload notifications (team & counter-parties) | — | — | — | ||
| Infrastructure | |||||
| API access | — | — | — | </> | </> |
| Custom integrations | — | — | — | ||
| Team & Support | |||||
| Admins | 1 | Per admin | Per admin | Per admin, min 4 | Custom |
| OAuth SSO (Google & Microsoft login) | — | — | — | ||
| SAML SSO (Okta, Azure AD & any IdP) | — | — | — | — | |
| SOC 2 Type II report + standard DPA | — | — | — | ||
| Custom DPA, MSA & SLA | — | — | — | — | |
| BYOK (Bring Your Own Key) | — | — | — | — | |
| Self-hosted deployment | — | — | — | — | |
| Priority support | — | — | — | ||
| Dedicated account manager | — | — | — | ||
| Migration assistance | — | — | |||
| Custom Add-Ons | |||||
| White-label solution | — | — | — | — | |
| Custom workflows & integrations | — | — | — | — | |
| Custom development | — | — | — | — | |
Business gives you security on shared files — email authentication, allow/block visitor lists, Simple NDA (view and acknowledge only, logged in analytics), screenshot protection, and download prevention — with up to 1,000 documents, up to 3 data rooms per admin, and AI document Q&A, plus custom logo and background. Perfect for sharing pitch decks, contracts, or reports. Data Room adds dynamic watermarking, Advanced NDA (true digital signature, signed PDF delivered to both parties, audit trail, countersigning, custom templates), Screenshield, granular per-file permissions, 5× AI document Q&A usage, AI room generation, auto-indexing, custom domain + branding, custom welcome messages, custom access questions, and basic Q&A. Most teams upgrade to Data Room the moment they need a legal-grade signed NDA copy that both sides can download and save — Simple NDA only logs an acknowledgement, not a countersigned PDF.
Simple NDA (Business) is a click-to-acknowledge gate. Viewers tick a box confirming they've read the NDA before they can access your documents. The acceptance event is recorded in your analytics — but no PDF is generated, no signature is captured, and neither side ends up with a downloadable copy. It's enough for low-stakes sharing where you mainly want a deterrent. Advanced NDA (Data Room) is a true digital signature workflow. Viewers sign the NDA inside Peony, both you and the viewer instantly receive a signed PDF you can download and save, and every step is captured in a tamper-evident audit trail (timestamps, IP, identity). You can upload your own NDA templates and have your team countersign. This is what M&A advisors, fund managers, and corporate dealmakers need when an NDA has to hold up legally — and it's the most common reason teams move from Business to Data Room.
An admin is a team member who can upload, create links, and manage documents. Viewers — the people you share documents with — are always unlimited and free. Business, Data Room, and Deal Team are all priced per admin (Deal Team has a 4-admin minimum).
Deal Team starts at $64/admin/month (annual, min 4 admins) — about $48/mo more than four Data Room admins — and unlocks Advanced Redaction, Advanced Q&A, OAuth SSO (Google & Microsoft), API access, the tamper-proof OTP-protected data room archive download for closing binders, upload notifications across the team and counter-parties, and the SOC 2 Type II report + standard DPA you can hand to procurement. If you're running M&A diligence, multiple parallel deals, or need a closing-grade archive, Deal Team is the obvious step up. Move to Enterprise (custom pricing) only when you need custom DPA/MSA, SAML SSO, BYOK, custom data residency, or self-hosted deployment.
Yes — our Free plan is fully functional with 50 documents and page-by-page analytics. No credit card required. Use it as long as you want, then upgrade when you need security features, data rooms, or team admins.
Peony Business at $30/admin includes Simple NDA, screenshot protection, email authentication, and download prevention. DocSend charges $150–$250/month for their Advanced tiers to get similar features. Our Data Room plan at $52/admin adds dynamic watermarking, AI-powered document chat, and auto-indexing that DocSend doesn't offer at any price.
Peony Deal Team starts at $64/admin/month (annual, min 4 admins) and includes Advanced Redaction, Advanced Q&A, OAuth SSO, API access, a closing-grade tamper-proof archive download, and a self-serve SOC 2 Type II report + standard DPA. Traditional VDRs like Firmex (~$650/mo), FirmRoom ($500/mo), and DealRoom ($1,000+/mo) charge significantly more for comparable features. Datasite and Intralinks start at $5,000+/mo — Enterprise customers on Peony save on average $10,653/mo vs Datasite.
Absolutely. Upgrade, downgrade, or cancel anytime from your account settings. If you upgrade mid-cycle, you'll be prorated. If you cancel, your plan continues until the end of the billing period — no surprise charges.
Existing customers keep their current pricing — nothing changes unless you choose to switch. Legacy plans are fully grandfathered. You can upgrade to a new plan anytime to access additional features like Advanced Redaction and Advanced Q&A.
Start with our free plan. No credit card required.
