For a startup, you need an online space that is cost-effective. This means that you must choose an application that can perform essential features to help you meet your goals and is easy for you to learn and use. Choosing the right VDR is vital as theft of confidential business information can be expensive and difficult to recover from. While there are free and cheap applications like Google Drive and DropBox, they are not equipped with the advanced capabilities offered by most VDRs and might not be adequate to meet the requirements of your business.

Firmex is a renowned online VDR that makes it easier to manage crucial and complex processes like due diligence and M&A for businesses of all sizes, as well as startups. Its robust reporting capabilities and role-based questions and answers facilitate organized communication and provide valuable insight into project progress. It also offers drag-and drop functionality to upload large files and folders. Prices vary based on the amount and size of projects.

OneHub is a secure file sharing solution which protects sensitive data of businesses against cyber-attacks. The platform supports more than 25 file formats, and provides an intuitive user interface. It is suitable for all sizes and industries that include finance, science research and accounting, entertainment and marketing. You can also alter your security settings, and receive notifications when files are being viewed.

CapLinked is an online VDR that caters to small and medium-sized enterprises. CapLinked’s software is a standard VDR features and security measures such as instant messaging, a dashboard, and the ability to edit Excel or Word files within the VDR. The company also has an app for mobile phones and offers 24/7 customer assistance.