Tips for a clean data room
- Use the numbered index as your folder names, so buyers can refer to "4.3" in their questions.
- Upload final, signed versions as PDFs, not drafts.
- Add a short note where something is missing or doesn't apply, rather than leaving an empty folder.
- Get NDAs signed before granting access, and log who viewed what.
Questions
What goes in a due diligence data room?
Corporate records, cap table, financial statements, material contracts, IP, employee matters, compliance, tax and any litigation. The exact list depends on the deal; the checklist adapts to what you tick.
How is a fundraising data room different from M&A?
Investors in early rounds need less: corporate documents, cap table, financials, key contracts and IP assignments. M&A buyers review everything, including tax, property, debt and every employee agreement.
Is anything uploaded?
No. The checklist is built in your browser and saved only when you download it.
Last reviewed 27 September 2026.