Diligence sized to the round.
A seed or Series A does not need a data room built for a leveraged buyout. Arc gives founders a checklist to work from, pricing that fits the round, and the audit record your LPs will ask for later.
What diligence looks like without a VDR
Legacy VDRs are priced for buyouts
Per-page and per-user pricing built for a nine-figure transaction costs nearly the same for a $2M round, so most rounds run over email and shared folders.
The founder is the data room
Requests go to a founder with no process for handling them, between fundraising and running the company. Material comes back in whatever form is nearest.
There's nothing to show when an LP asks
What was requested, reviewed, and signed off gets reconstructed from memory and email when someone outside the deal team asks.
Priced for the round you run
Legacy VDRs are shaped and priced for a buyout. A flat fee that works across a nine-figure deal looks absurd on a seed check. Arc charges per seat, so a $2M round costs what a $2M round should.
- No per-page or per-document fee, so the room costs the same whether the founder uploads five files or five hundred
- Invite the founder's whole team and your own diligence group with no added fee per member of the target or counterparty organization
- One line item that scales with your fund, not with how many rounds close this quarter
Illustrative example
A 3-partner fund running a seed round
3 seats × $20, Starter
$60/mo
- 300 documents uploaded by the founder$0 extra
- The founder's whole team invited$0 extra
- A room kept open through a slow close$0 extra
- 5 datarooms
- 1 external organization per room
- 30 days archive retention
A checklist founders can follow
Most founders have never run a structured raise and have no diligence team. Arc gives them a request list and a folder structure to fill in instead of a blank drive.
- Requests move through defined statuses: draft, awaiting the founder, awaiting your review, and complete, so nothing is chased over email
- No training needed on the founder's side: it is a list of what is asked for and a place to put it
A record ready before an LP asks for it
Every upload and access grant is recorded as it happens, so nobody reconstructs it from email when someone outside the deal team asks.
- Every upload and access grant is recorded automatically against the person who did it
- Filterable by deal, and exportable for an LP due-diligence questionnaire or an annual review
- The room stays intact and exportable after the round closes, so answering an LP is a search, not a reconstruction
Run your next round in Arc
Set up a room with your next round's checklist.