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A data room for investors is an online repository of crucial documents used during due diligence before the funding round, M&A transaction or other crucial business events. It simplifies the entire process by removing duplicate files, long emails threads, and old versions that were sent in error. Investors can also access the data they require via a single dashboard that is easy to navigate.
It doesn’t matter whether you are raising Series A or Seed capital, establishing an investment data room is a smart idea that lets entrepreneurs focus more on the development of their business. There are many platforms and tools that allow you to host an investor dataroom. But, it’s important to choose one that provides a user-friendly interface for both you as well as the investors reviewing your materials.
Included in a stage one investor data room should be your company’s bylaws and articles of organization. Also, include business certificates, tax ID numbers and other pertinent documents. Include any relevant market research or competitive analysis that pertain to your business.
Include your most recent pitchdeck in the data room. This will enable investors to quickly access the numbers and projections you have presented in your presentation and due diligence. You could also consider incorporating an investor update form to provide investors with an overview of how your business is doing.
