Key takeaways
- Planned for the first release. In the pilot, founders upload into scoped request slots on the deal.
- Seven standard folders, each with requested items you can edit per fund.
- Items move through Requested, Uploaded, In review, Accepted and Changes requested.
- Replacing a file keeps earlier versions for authorised reviewers.
Planned feature: not in Delsivo yet, and details may change before it ships.
What is in the VC data room template
The default template follows the folders most seed diligence ends up needing. You can rename items, remove folders you never use and save your own version as the fund default.
| Folder | Typical items |
|---|---|
| Corporate | Certificate of incorporation, constitutional documents, board minutes |
| Financials | Monthly management accounts, revenue schedule, bank statements, budget |
| Customers | Customer list with contract dates, top contracts, pipeline |
| Product and IP | Product roadmap, IP assignments, open-source use |
| Security | Security policies, past incidents, data handling summary |
| People | Org chart, key employment agreements, option pool |
| Round Documents | Cap table, term sheet drafts, prior round documents |
Items can be linked to a form question, so when a founder answers "we recognise annual prepayments monthly", the matching revenue schedule slot is already waiting. The founder requests and forms page covers the questions side.
How a room is set up
- 1From the deal, choose Create room and pick the fund template or a saved variant.
- 2Assign an owner on your team and a deadline to each folder or item.
- 3Optionally link an existing room the founder already shared with your fund, with their authorisation.
- 4Review the requested items and send. The founder gets a branded email pointing to their workspace on your portal.
- 5Founders see their outstanding items and only the folders and documents granted to their account.
What happens when a founder uploads
- Type and size are checked, and the file is scanned for malware before preview, extraction or search.
- A suspicious file stays in quarantine and never appears in previews, search or AI answers.
- Batch upload and resume handle large sets of files.
- The item moves to Uploaded, then In review when your analyst opens it.
- Analysts accept the item or request changes with a note. Questions can be asked on the file itself.
- A replacement file, such as an updated cap table, becomes a new version. Earlier versions stay available to authorised reviewers.
Encrypted or password-protected files go to manual review, because they can't be scanned or indexed.
How rooms connect to claims
A room file can corroborate or dispute a claim. When an analyst links a bank statement to a revenue claim, the claim can move from Founder reported to Corroborated, with the file version and page as the source. In the first release, document intelligence is designed to compare room evidence with deck and interview claims and suggest those links for review.
Sharing a room with people outside your team is covered on the data room guest access page.