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By using a VDR to back up a fundraising process may build trust with investors and ensure that all those stakeholders have relevant information. Additionally , it can reduces costs of the process and accelerate offer cycles. A VDR can also provide a secure environment to communicate with partners and customers, which is essential a startup’s growth. In addition , a good VDR will offer small compliance and security qualifications, which is important for biotech partnerships that require strict regulating requirements. VDRs are also a great choice meant for startup companies, as they can be customized to meet up with specific needs and costs.