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Frequently asked questions

If you have other questions, feel free to contact us.

A data room is a secure place to store and share business documents for M&A deals, fundraising, and other activities that require due diligence. Data rooms are also used by law firms and journalists for regulatory reasons.

Check out this blog post on “What is a Virtual Data Room?” if you want to learn more.

  1. Drag & drop your existing folder structures
  2. Add users by entering their email
  3. Give or restrict access to files

That is for you to decide! This Data Room Comparison Chart allows you to compare the top data room providers.

Anywhere from $300-$1,200/month.

Check out this blog post on “How Much Should a Virtual Data Room Cost?” if you want to learn more.

Virtual Data Rooms have features that other file sharing services do not:

  • Advanced Security Protocols for Compliance
  • Activity Tracking
  • Export Audit Logs
  • Export Data Room Indexes
  • Special Access Restrictions 
  • Watermarking for Documents
  • Version Control
  • Redaction

LockRoom was built specifically for boutique banks and M&A Advisors that work on multiple sell-side deals at the same time. That being said, it can be used for any/all M&A transactions, IPOs, etc.