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Fundraising and capital markets

Data room for pre-seed and seed rounds

Short answerAt pre-seed and seed, investors mostly back the team and the idea. A lean room with the deck, the cap table, incorporation documents, founder agreements and any SAFEs is enough. Track who opens it and keep it tidy, because the same room grows into your Series A room.

How it works in Singapore

Early Singapore rounds come from angels, accelerators, government-linked early-stage funds and seed VCs. Instruments are often SAFEs or convertible notes rather than priced equity.

Investors want to confirm the company exists properly, the founders own the IP and the cap table is clean.

Best data rooms for pre-seed and seed

Our five measures re-weighted for this use case, with a small bonus for rooms built for it. Prices before 9% GST.

  1. 1 Ellty ~S$191/mo 9.6 Visit Ellty
  2. 2 iDeals On quote 8.5
  3. 3 Firmex On quote 8.3
  4. 4 Ansarada On quote 8.3
  5. 5 Datasite On quote 8.2
  6. 6 SecureDocs ~S$320/mo 8.2
  7. 7 Box ~S$19/user/mo 8.1
  8. 8 Citrix ShareFile ~S$70/mo 8.1
  9. 9 CapLinked ~S$382/mo 7.9
  10. 10 Drooms On quote 7.9
18%Security15%Deal tools17%Permissions25%Ease of use25%Cost

Folder index for pre-seed and seed

01
Deck and one-pagerLatest pitch materials.
02
IncorporationBizFile profile, constitution.
03
Cap tableFounders, ESOP pool, SAFEs.
04
FoundersFounder agreements, vesting, IP assignment.
05
FinancialsSimple model and runway.

Singapore rules that apply

Companies Act

Founder shares and any allotments must be properly authorised and lodged.

Offer exemptions

Early rounds usually rely on private placement or small offer exemptions under the Securities and Futures Act.

More detail: Companies Act and ACRA.

Features you need

FeatureWhy it matters hereRooms in our top 10 that list it
Audit trailTime-stamped history of who opened, printed or downloaded each document, exportable for a dispute, insurer or regulator.10 of 10
Dynamic watermarksThe reader's name, email and time are stamped across each page as it opens, so a photographed page can be traced.10 of 10

How to set it up

  1. Keep five foldersDeck, incorporation, cap table, founders and financials.
  2. Paper the foundersVesting and IP assignment signed before investors ask.
  3. Track viewsSee which investors open the room and follow up.

Mistakes to avoid

  • No IP assignment from a co-founder who left.
  • Verbal promises of equity to advisers.
  • Over-building a room before product-market fit.

Questions people ask

Do seed investors do due diligence?

Yes, but lighter: company records, cap table, founder agreements and the model.

Is a SAFE common in Singapore?

Yes, many early rounds use SAFEs or convertible notes adapted for Singapore law.

Can I use a free trial for a seed round?

Several data rooms offer a free trial, which can cover the first weeks of outreach before you pick a paid plan.