A data room is the organized collection of financial, legal, and corporate documents a company shares with investors or acquirers during diligence, traditionally a secure online folder rather than a literal room.
A typical data room includes financial statements, the cap table, incorporation documents, material contracts, IP assignments, and any pending litigation or compliance issues. What's missing from it tends to matter more than what's in it. A gap an investor's team notices themselves reads very differently than one the company already flagged and explained.
Building the data room after a term sheet lands is normal, but building it cold, with no prep, is what turns a two-week diligence process into a six-week one. Most of what belongs in it (clean books, a current cap table, signed option grants) is the same groundwork worth having in place before a raise even starts.
Staxiom keeps your books and reporting diligence-ready, so a data-room request is a download, not a scramble. Built by founders, investors, CPAs and startup people.