Virtual Data Room Comparison
Honest comparison of every major VDR for M&A. Pricing, features, compliance, and audit log depth across 9 vendors. Updated quarterly.
View sources & methodology ↓| Vendor | Pricing model | Annual cost | Variable fees | Free trial |
|---|---|---|---|---|
LockRoomOur pick Built for boutique investment banks and lower middle market sell side advisors. | Flat annual unlimited | $6,000 | None | 14 days |
SecureDocs Simple flat rate per room for early-stage and single-deal use. | Flat per room | $3,000 / room | Per room | 14 days |
CapLinked Budget VDR with month-to-month pricing. | Monthly tiers | $1,188+ | Per user | 14 days |
Firmex Mid-market focused VDR with annual unlimited tier. | Subscription or per deal | $7,800 avg | Page caps | — |
iDeals Intuitive UX with 15-minute setup. | Project based | $2,000 – $4,000 / deal | Per deal | 14 days |
ShareVault Document-centric VDR with deep life sciences and regulated data workflows. | Tiered custom quote | $4,000 – $20,000 | Storage tiers | 14 days |
Ansarada Acquired by Datasite in August 2024. Operates under the Datasite umbrella. | Storage tiered | $5,400+ | Storage tiers | Free until live |
SS&C Intralinks Legacy enterprise VDR with 25+ year track record. | Custom quote | $15,000 – $60,000 | Per page | — |
Datasite Enterprise VDR for upper market and bulge-bracket M&A. | Per page + subscription | $25,000 – $100,000 | Per page | — |
Methodology & Sources
Pricing and feature data verified at the end of each quarter (March, June, September, December) against vendor websites, G2, Capterra, Vendr, ellty.com, and SRS Acquiom Deal Terms Study (3,800+ deal analysis). LockRoom data verified directly. Last full audit: 2026-04-07.
Last updated: 2026-04-25. Next refresh: 2026-06-30.
Pricing estimates in the deal scenario calculator are directional. Real quotes vary by negotiation, contract length, and vendor relationship. Hidden fees on per-page models are modeled using public industry data including the SRS Acquiom Deal Terms Study finding that VDR costs typically run 2x to 10x higher than initial quotes.
Cite this comparison
LockRoom 2026 VDR Comparison, lockroom.com/compare, accessed [date]Open data: structured JSON available at /api/vdr-comparison for AI agents and developers. Updated when this page updates.