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For boutique investment banks

The data room boutique sell side actually uses.

Flat annual pricing. Unlimited rooms, users, and storage. Built around the workflow of MD led firms running 4 to 12 deals a year.

SEC 17a-4 + FINRA 4511256 Bit AESUnlimited rooms
Workspace
Active mandates
Project Atlas
Day 22 of process
IOI
14 buyers
Project Meridian
Day 41 of process
LOI
6 buyers
Project Ironwood
Day 58 of process
Diligence
3 buyers
Project Cobalt
Day 9 of process
Teaser
28 buyers
Why boutique sell side switches
Flat all in
$6,000 / yr

One number. No per page billing, no surprise overage on Excel, video, or CAD files. Pass it through to your clients with a straight face.

Room setup
60 seconds

Drag in the folder structure, invite buyer groups by email, go live. No onboarding call. No customer success handoff before your first weekend close.

Concurrent deals
Unlimited

Run 4, 8, 12 mandates at once on the same plan. The cost stays the same whether you are closing 4 deals this year or 14.

Pricing

Stop billing your clients per page. Pass through real dollars instead.

Datasite, Intralinks, and per page VDRs hit your sellers with $30K to $80K invoices on $25M to $50M deals. LockRoom is one flat number you can rebill with confidence.

See the math
$25M EBITDA deal, 8,400 pages, 6 months
Real customer numbers
Per page VDR
$0.35 / page / month
$17,640
+308% over the original $5,750 quote
LockRoom
Flat $375 / month
$2,250
0% overage. Same number every month.
Mandates

Open a deal room in under 5 minutes. Not 5 days.

Drop in your folder structure, invite buyer groups by email, set view and download permissions per group. No onboarding call. No "implementation specialist" required.

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Onboarding/Project Ironwood
01
Drop in your folder structure
Drag and drop or use our standard 13 folder M&A template.
02
Invite buyer groups by email
Bulk paste a list. Each buyer group gets its own permission set.
03
Go live
Buyers see your white labeled login. You see every page they touch.
Total time
4 min 12 sec
Why bankers choose LockRoom

Built around the way boutique sell side actually works.

Engagement letter to teaser to NDA to LOI. The data room is one piece of your deal flow, not the whole deal.

Unlimited concurrent rooms

Run 4, 8, 12 deals at once on the same plan. No usage based surprise invoice at year end.

Granular buyer group permissions

View Watermarked, Download Watermarked, View Original, Download Original. Per buyer group, folder, and file.

SEC 17a-4 and FINRA 4511 audit logs

Page level activity, IP addresses, search queries, blocked print attempts. Exportable for compliance review.

Setup in 60 seconds

Drag in folders, invite buyers, go live. Team will not need an onboarding meeting before the first weekend close.

White label your firm

Replace LockRoom branding with your firm logo, colors, and email domain. Buyers see your shop, not ours.

Founder led support

When the room breaks at 9 PM Friday before a Monday close, you reach the founder. Not a Tier 1 ticket.

Audit log

Every click, logged.

Track who opened which page, when, and what they searched for. Exportable to PDF or CSV for compliance, M&A reps and warranties, or post close disputes. Retained per SEC 17a-4 and FINRA 4511.

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Project Ironwood
Audit Log
Live
Today · May 1, 2026
YouRevoked
Buyer 3 → Project Ironwood
19:24
Marcus AbernathyPrint blocked
Federal Returns.pdf
19:23
Marcus AbernathyViewed
Federal Returns.pdf
19:20
YouGranted Access
Buyer 2 → Tax folder
19:15
Eleanor PrescottViewed
2025 P&L.xlsx
19:14
Eleanor PrescottDownloaded
NDA Final.pdf
19:11
412 events this week · retained per SEC 17a-4 and FINRA 4511
How firms switch
“We were spending $40K to $80K per industrial deal on Datasite. Switched to LockRoom flat at $6,000 a year, ran 8 deals on it last year, and our sellers stopped getting invoices that needed a phone call to explain.”
MD
Managing Director
4 person boutique sell side firm, $5M to $250M deal range
FAQ

Frequently Asked Questions

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