A data room for due diligence and M&A, for a small company
A small company can run due diligence or a sell-side M&A process in ArtifactSend for free. You get a free data room with NDA and watermark, folders, verified buyers, Q and A, and a record of which buyer read which document.
The short answer
You do not need Datasite or Intralinks for a small deal. ArtifactSend data rooms are free, hold up to 300 documents each, and have what a buyer's diligence team expects. That means folders, an NDA accepted before viewing, a watermark with each reader's email, downloads off by default, and Q and A.
You see which buyer opened which document and for how long, so you know who is serious before the next call.
What a diligence room needs, and what you get free
| Need | In ArtifactSend |
|---|---|
| Folders by workstream | Yes, such as Financials, Legal, Customers, HR and IP |
| Only the right buyers | Email code or Google sign-in, and an allow list of emails or domains |
| NDA first | Readers accept it before they read, with a record of who agreed and when |
| Leak deterrence | Watermark with each reader's email, downloads off by default, screenshot protection |
| Different access per buyer | Folders per person or per domain |
| Q and A | Buyers ask, you answer, and you choose when to share an answer with the room |
| Activity | Which buyer read which document, for how long, and who came back |
| Many files at once | Drop dozens of PDF, Word, Excel and PowerPoint files in one go |
Set up a diligence room in 15 minutes
- Sign in at artifactsend.com and create a data room.
- Make folders for each workstream and drop in the files.
- Turn on the NDA, the watermark and an email code door.
- Allow the buyer's domain, or give each buyer their own access.
- Send the link, and see which documents each buyer studies.
What it costs next to paid rooms
- ArtifactSend. Free, for any number of rooms and team members.
- Peony. Data Room plan at $52 per admin a month billed yearly.
- Papermark. Data Rooms plan at 99 euros a month billed yearly, for 3 users.
- DocSend. Advanced Data Rooms at $180 a month billed yearly.
- Datasite and Intralinks. Priced per deal on request.
Prices from each vendor's pricing page, checked November 2, 2026.
When to pay for an enterprise room
Pick Datasite or Intralinks for a large auction with many bidders, a legal team that requires their audit reports, or built-in redaction. For a small business sale, a startup round's diligence, or a partnership review, a free room covers it.
What ArtifactSend does not do yet
- eSignatures. DocSend includes them on paid plans, and Peony gives 3 a month free.
- Your own domain. Links on your domain instead of artifactsend.com.