Use case

A data room that runs your Series A

A Series A is ten parallel conversations at different depths. The data room's job is to give each fund exactly the depth they have earned — and to tell you who is actually working.

The failure mode of a Series A data room is not leaks — it is flatness. One folder, shared identically with every fund on the list, where the term-sheet-stage lead and the partner who took one polite meeting see the same thing. Depth should follow commitment. That is a disclosure-phase problem, and phases are what this product is built around.

Map phases to your raise

First partner meetings — phase 1

The deck, a product overview, headline metrics, market material. Safe-to-forward by construction, because seed-stage decks get forwarded. Every view-only document already carries the viewer’s name and email in the watermark, so a screenshot that travels is signed by whoever took it.

Partner-level interest — phase 2

The financial model, MRR and cohort detail, the org chart, pipeline. The associates doing the real work ask questions here — and in this room they ask the data room, which answers from your documents with citations at 11pm without waking you. Every question asked is logged for you: it is a preview of the partner meeting.

Term sheet and confirmatory — phase 3

Contracts with names on them, employment agreements, the cap table with every SAFE reconciled. Only the lead who signed the term sheet gets moved to phase 3 — and the funds still at phase 1 never knew this layer existed, because above-phase documents are hidden, not locked.

Moving a fund deeper is one click on their user, not a re-share of seventeen files. And because the server filters every listing, count, and AI answer by phase, a fund can never see the shape of what it has not been shown — a direct request for an above-phase document returns 404, not 403. Mechanics on the security page.

Know who is serious before partner Monday

  • A fund whose partner opened the room once for six minutes is telling you something.
  • A fund whose associate opened every document available and asked nine questions is telling you something else.
  • You see both — per investor, by name: sessions, documents viewed, downloads, questions asked.

Allocation decisions in a competitive raise come down to reading the room. Engagement analytics is that reading, written down.

Built before the raise, not during it

Seed the standard diligence folder structure in one click, upload what you have, and let the room organize and tag documents as they arrive. Our due diligence checklist is the list investors will work from; the fundraising guide covers the process around it.

Start before the first partner meeting

Flat monthly pricing sized for a raise, and a live demo room you can interrogate right now, no signup.