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No per page fees. Ever.

Flat rate data rooms
for M&A advisors.

Unlimited rooms. Unlimited storage.
Built for lower middle market M&A.

Rooms/Project Ironwood

Documents

68 files across 4 folders
JW
TM
SL
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Name
Files
Why LockRoom

Four reasons bankers switch.

Easy to use
No training. Buyers figure it out in under a minute.
Fast set up
Drag your folder structure in. Room live in minutes.
No limits
Unlimited rooms, users, and storage on every plan.
Flat pricing
No per page invoices. No surprise bills at close.
Permissions

Clean team controls bankers actually use.

Set View Watermarked, Download Watermarked, View Original, and Download Original per buyer group, folder, and file. Watermarked previews by default, original downloads only when you say so.

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Document
View
Download
Business Overview
Financials
Legal
Strategic Plan
Audit Logs

Every click, logged.

Exportable audit logs for every view, download, and permission change. Built to meet SEC 17a-4 and FINRA 4511 record retention. Your compliance team will thank you.

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Project Ironwood
Audit Log
Live
Today · Apr 22, 2026
YouRevoked
Buyer 3 → Project Ironwood
15:34
Marcus AbernathyPrint blocked
Federal Returns.pdf
15:33
Marcus AbernathyViewed
Federal Returns.pdf
15:30
YouGranted Access
Buyer 2 → Tax folder
15:25
Eleanor PrescottViewed
2025 P&L.xlsx
15:24
Eleanor PrescottDownloaded
NDA Final.pdf
15:21
412 events this week · retained per SEC 17a-4 and FINRA 4511
Security and Compliance

SEC 17a-4. FINRA 4511. Handled.

Every file, permission change, and audit log is retained per SEC 17a-4 and FINRA 4511 record retention requirements. Hosted on AWS US East Multi-AZ. 256 bit AES encryption at rest and in transit.

SEC 17a-4
SEC 17a-4
Broker-dealer record retention
Compliant
FINRA 4511
FINRA 4511
Books and records rule
Compliant
AWS US East Multi-AZ
AWS US East Multi-AZ
Encrypted at rest and in transit
Compliant
The Math

Same deal. Two very different invoices.

We've seen one quote go from $3,750 to $17,640 at close. Flat pricing ends that.

Scenario
Per Page VDR
LockRoom
Deal size
$25M EBITDA
$25M EBITDA
Data room pages
8,400 pages
8,400 pages
Rate
$0.35 per page per month
Flat $375 / month
Deal length
6 months
6 months
Invoice at close
$17,640
$2,250
Overage from initial quote
+308%
0%
Pricing

Flat rate. No per page invoices.

No credit card required. 14 day free trial.

Single Room
$250
/ month
For founders and owners
  • 1 Data Room
  • Unlimited Admins / Users
  • Unlimited Storage
  • Custom Notifications
  • Daily Activity Reports
  • 14 day Free Trial
Start Free TrialSee all features →
Most popular
Unlimited
$500
/ month
For bankers and advisors
  • Unlimited Rooms
  • Unlimited Admins / Users
  • Unlimited Storage
  • Custom Notifications
  • Daily Activity Reports
  • 14 day Free Trial
Start Free TrialSee all features →
FAQ

Frequently asked.

How is LockRoom different from Dropbox or Google Drive?+

LockRoom is built specifically for M&A. Granular permissions per buyer, watermarks, audit logs that meet SEC 17a-4 and FINRA 4511, bulk redaction, and document viewers that block print and download. Dropbox and Drive are file sync tools. LockRoom is a deal room.

How long does it take to set up a room?+

Most users have a room populated in 15 minutes. Drag your existing folder structure in. Invite buyers by email. Permission defaults handle the rest.

Who uses LockRoom?+

Boutique investment banks, M&A advisors, business brokers, exit planners, and founders running sell side deals in the lower middle market.

How much does a virtual data room cost?+

Traditional VDRs charge per page per month, which means a $25M deal can invoice out at $42,000+ at close. LockRoom is flat: $250/mo for a single room, $500/mo for unlimited rooms.

Is LockRoom compliant with SEC and FINRA record retention?+

Yes. All files and audit logs are retained per SEC 17a-4 (6 years minimum, first 2 readily accessible) and FINRA 4511 with both WORM and audit-trail alternatives. Hosted on AWS Multi-AZ.

Close your next deal in LockRoom.

Unlimited rooms. Flat pricing. Audit logs regulators accept.
14 day free trial, no card required.

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