--- title: "Deal Data Room: Securely share documents with investors" id: "7987" type: "post" slug: "seedlegals-launches-deal-data-room" published_at: "2021-02-17T17:14:58+00:00" modified_at: "2022-10-03T19:00:00+00:00" url: "https://seedlegals.com/resources/seedlegals-launches-deal-data-room/" markdown_url: "https://seedlegals.com/resources/seedlegals-launches-deal-data-room.md" excerpt: "Be ready for investor due diligence with Deal Data Room. Store and share your confidential files and funding round documents on SeedLegals." taxonomy_category: - "Funding Guides" --- 3 min read # Deal Data Room: Securely share documents with investors Published: Feb 17, 2021 Updated: Oct 03, 2022 Contents [Get ready for investor due diligence](#get-ready-for-investor-due-diligence) [The SeedLegals solution: Deal Data Room](#the-seedlegals-solution-deal-data-room) [How to use Deal Data Room](#how-to-use-deal-data-room) [How to use groups](#how-to-use-groups) [Talk to an expert](#talk-to-an-expert) Read Next [Term Sheets explained: the founder’s guide](https://seedlegals.com/resources/uk-term-sheet-explained/) [KYC and AML: Guide for startups](https://seedlegals.com/resources/what-are-the-kyc-know-your-investor-and-aml-anti-money-laundering-checks/) [Due diligence for startups: check that cheque](https://seedlegals.com/resources/due-diligence-for-startups/) [Deal Data Room: Securely share documents with investors](https://seedlegals.com/resources/seedlegals-launches-deal-data-room/) [Writer Nicholas Richards Investment specialist](https://seedlegals.com/resources/author/nicholas-richards/) [Editor Suzanne Worthington Senior Writer](https://seedlegals.com/resources/author/suzanne/) When you do a funding round, as well as sharing the Term Sheet, Shareholders Agreement and new company Articles with investors, you’ll need to be ready for investor due diligence. With Deal Data Room, you can securely share your confidential documents with investors, all on the same platform with your legal documents for the investment. **Due diligence is an essential and unavoidable part of fundraising.** The only time due diligence might *not* happen is if the investors are your friends and family, for example if you [do a Bootstrap Round](https://seedlegals.com/raise/raise-a-round/) . People close to you might decide to skip due diligence because they know you and your business so well already. ## Get ready for investor due diligence Before your investors sign any agreement with you or part with their cash, they’ll need to do their due diligence on your company. VC investors will have an extensive checklist for their due diligence covering many aspects of your business from tax, finance and legal to your IT, sales and marketing systems and statistics. The documents investors will ask to see include: - [Founder Service Agreements](https://seedlegals.com/start/founder-agreements/) - [Employment Agreements](https://seedlegals.com/start/team-agreements/employment-agreement/) for your key team members - contracts with third parties - [IP Assignment Agreements](https://seedlegals.com/start/team-agreements/ip-assignment/) - Your [five year business plan](https://seedlegals.com/resources/5-year-business-plan/) and financial forecasts - … and probably many more! Sure, you could upload them all to a Google Drive and share with the investors there, but it’s a pain, they need to have their own separate Google logins, nobody remembers where to find the documents later, you can’t remember who you shared which documents with, and so on. There must be a better way… ## The SeedLegals solution: Deal Data Room Founders and investors told us they want to see and keep everything in one place, not just for one funding round, but for future rounds. And investors, to keep the documents organised and accessible across their portfolio. So, in keeping with our goal of SeedLegals being the one-stop destination to grow your business, members have access to **Deal Data Room**, which integrates beautifully with your funding round on SeedLegals. There are plenty of online services offering digital data rooms, costing from £20 a month to hundreds of pounds a year. But there’s no extra charge for SeedLegals members to use the Deal Data Room. We think it’s such a fundamentally important service that it’s included for all members with [Standard or Plus](https://seedlegals.com/pricing/) . ## How to use Deal Data Room Go to **Raise** and click on into your open funding round, then click the **Documents** tab. You’ll see all the documents you’ve created on SeedLegals for your round at the top and underneath that, your **Data Room** where you can upload your own documents: 👇 You'll find the Data Room in the **Documents** tab for your funding round ## How to use groups We created **Groups** to make it easy to share sets of documents with dynamic and custom groups. In your funding round, click the **Groups** tab to view and manage your groups. Dynamic groups include **All investors** – this group contains all the investors you’ve added to your round. Adding a new investor? All documents in that sharing group are automatically shared with them. Investor pulls out? Just remove them from the round, and their sharing permissions are automatically removed. Or go ahead to create your own custom groups, for example: - Lead investors and their lawyers - ‘Maybe’ and ‘Confirmed’ investors Whatever works for you. Did you know SeedLegals members also get a **Pitch Data Room?** Read more about how to share confidential docs with investors you’re pitching to: [SeedLegals Pitch](https://seedlegals.com/raise/pitch/) ## Talk to an expert Got questions about doing your funding round? Book a free call with our experts to get answer fast: Next up in [SeedLegals Academy](https://seedlegals.com/seedlegals-academy/) [Startup funding: how it works and how to raise it](https://seedlegals.com/resources/startup-funding-guide/) ## Related posts [4 min read More ways to personalise your Pitch Since we launched SeedLegals Pitch in November 2021, thousands of founders have created a Pitch page. Here are the updat... Suzanne Worthington](https://seedlegals.com/resources/pitch-updates/) [8 min read How to find startup funding One of the most common questions founders ask is ‘How do I get funding?’ Read our comprehensive guide to finding funding... Jonny Seaman](https://seedlegals.com/resources/how-to-find-startup-funding/) [7 min read Are you ready for VC funding? You’re a founder who has raised a couple of hundred thousand from friends, angels and/or a seed fund. You’ve relea... Jonny Seaman](https://seedlegals.com/resources/are-you-ready-for-vc-funding/)