DocSend Data Room

Apart from the DocSend virtual data room capabilities, the platform offers tools that let companies store and share business-critical documents internally and externally. DocSend offers tools for small and medium startups that require solutions for:

• Fundraising. DocSend fundraising workflow solution enables secure collaboration inside and outside the team, complete control over documentation access, and smart insights into participants’ engagement.

• Investors relationships management. The platform allows users to timely respond to requests for additional information, communicate the project’s milestones, and update the paperwork on the go.

• Board communications. Dropbox DocSend escalates meeting effectiveness by helping board members better navigate their work scope and prioritize pressing matters. Additionally, the cloud storage capacity enables participants to collaborate remotely and completely exclude physical documentation from the process.

• Pitch deck feedback. DocSend’s team leverages their extensive experience in assisting startups with raising capital to improve the way new companies present themselves to investors. According to DocSend, the users can get detailed insights into their pitch deck’s effectiveness in under 72 hours after request submission. 

Based on its capacity, the DocSend VDR software is most suitable for small and medium companies in various sectors. The software is beneficial for businesses that need to store and exchange business-critical documents, extract real-time analytics, establish advanced security practices, and operate their business teams.

Some of the use cases for DocSend virtual data room include venture capital fundraisers, investment management projects, boutique services, and non-profit organizations. 

The cloud-based data room by Dropbox DocSend is a fitting workflow solution for real-time control over non-high-profile projects, secure collaboration on important files, and supplying investors and other interested parties with additional information when raising capital.

Additionally, DocSend offers file-sharing services for individual users, such as freelance professionals that operate with confidential data.

The DocSend data room might not be the best option for large-scale M&A due diligence or high-volume document analytics due to targeting smaller companies and individual users. 

DocSend data room and other services are audited annually according to the SOC 2 Type 2 standards. The DocSend infrastructure is based on the Heroku cloud application platform, which utilizes the Amazon Web Services (AWS) technology. 

AWS carries the following certifications:

• ISO 27001
• PCI Level 1
• SOC 1 and SOC 2
• FISMA 
• SOX

DocSend virtual data room beneficial features include:

• A built-in instrument that allows to securely share document groups via a single link for faster and more organized collaboration.
  
• Expiration dates on the shared links that help protect data once the authorization period has ended.
  
• A smart activity tracker that allows administrative users to oversee the file access history and project contributions.
  
• Data room customization features that include logo and corporate banner installation as well as modifiable notifications.
  
• User-friendly interface with full-feature accessibility for desktop and mobile browsers.

DocSend solutions are primarily used by small and medium companies based in the United States. Other geographies in the DocSend VDR software’s consumer profile include the United Kingdom, Canada, Denmark, Switzerland, and India. 

The majority of DocSend’s users operate in the computer software development and distribution sector. The platform is also popular among businesses and organizations in the higher education, manufacturing, insurance, retail, financial, publishing, and healthcare sectors. 

The typical use cases for the DocSend solutions circulate around fundraising, document sharing, and day-to-day operations. Some of the company’s top clients include Aperture Venture Capital, Sleepless Media, CMOE, and Zazuu.