Drooms Data Room

Drooms provides a range of products that help businesses protect sensitive documentation and share it with potential partners. For now, the company provides the following solutions:

• Drooms PORTFOLIO: An easy-to-use cloud-based portfolio manager with an intuitive interface
• Drooms TRANSACTIONS: Due diligence virtual data rooms to share and store confidential files
• Drooms FLEX: Virtual data rooms for multiple users, an excellent choice for any company

A Drooms VDR is available on all PC operating systems and browsers. Users can easily share stored information with all employees and parties via their phone, computer, or laptop.

For mobile access, users can download the iOS app. However, an Android version is currently unavailable.

Thanks to the AI-based interface, many new features have become available in the Drooms data room, including smart workflows, users’ live training, branding customizations, and smart audits. 

With Drooms PORTFOLIO, users can forget about having to deal with the repetitive manual processes of adding new pieces. Instead, an intelligent downloading system does all of the work, so users only need to make minor adjustments. A Drooms data room is also useful for:

• Assets lifecycle management
• Sourcing and digitization
• Documents analysis and storage
• Fundraising
• Due diligence

For now, among the users of Drooms products are primarily legal, real estate, corporate finance, life science, and energy businesses. Still, there are many opportunities for startups, especially with fundraising processes. 

In addition, it is the best solution for European customers, as Drooms offers support 24/7 via phone and mail in six European languages.

Drooms’ virtual data rooms are not hosted on public servers. Instead, the platform will provide all uploaded data hosting via privately owned servers located in Switzerland and Germany. Only Drooms’ certified employers have access to details regarding hosted files for technical purposes, which ensures a high level of data protection. 

Here is the list of Drooms data room compliance certificates that guarantee extra security:

• ISO 27001:2013
• ISO 27018
• General Data Protection Regulation (GDPR)
• Alternative Investment Fund Managers Directive (AIFMD)

Drooms keep users’ data and all clients’ details safe thanks to the encryption at rest process and secure-tier architecture. In addition, any data processing, collecting, and indexing processes take place exclusively in Germany. The only exception is Swiss clients, who have storage in Switzerland.

Drooms features and AI-based architecture provide a broad range of various advantages. Among them, for example, are:

• A wide range of branding opportunities
• A fast full-document search feature
• Two-factor SMS authentication
• The capability for personalized highlights and notes in any documents
• A customizable data room look to make workflow easier and more comfortable
• 24/7 user support via phone and email
• Numerous AI features: auto-allocation, auto-naming, and finding manager

Nowadays, Drooms has more than 30,000 clients around the globe, with about 70% of users located in Europe. Here is a list of the most well-known clients from different industries:

• Real estate: Adler Group, Place4YOU, AERIUM, Schroders, Allianz, TCP Brokerage, Anngerman, CONREN Land Management
• Legal: Arnecke Sibeth, Cabinet Tripoz, EY, FPS, Fratta Pasini & Associati, Gide Loyrette Nouel, Heuking Kühn Lüer Wojtek
• Life sciences: Bergmann zur Hausen & Cie. GmbH, Cellact Pharma GmbH, Cis Pharma, Conalliance M&A Advisors for the Healthcare Industry, Gedeon Richter, Klosterfrau Healthcare Group
• Energy: BayWa re, BayWa re, Eaton Corporation, energiebunker, Global Wind Power, H2V INDUSTRY, La Compagnie du vent, EWE, EOLFI
• Corporate Finance: Extenso Finance & Transmission, Carey Group, DMA, FAIT Group SPA, Evonik IPO, HR Ventures

Drooms is used for various due diligence processes, mergers and acquisitions, data sharing and storing, machine analysis of sensitive documentation, and asset lifecycle management. This platform also has great potential for startup fundraising.