6. Commercial Information

This can include:

• Customer contracts
• Supplier agreements
• Sales data
• Market research
• Pricing information
• Partnership agreements

7. Human Resources

For companies where employees are a major part of enterprise value, investors may request:

• Organization charts
• Employment agreements
• Compensation information
• Employee benefits
• Key-person information
• Contractor agreements

Sensitive employee information should be handled carefully and shared only when appropriate.

What Do Investors Look for in a Data Room?

Investors aren't simply checking whether documents exist.

They are trying to understand whether the business matches the story presented during fundraising.

They may look for:

Financial Consistency