What is Peony?
Peony is a modern virtual data room (VDR) platform that delivers enterprise-grade features at a fraction of the cost of legacy providers like iDeals, Datasite, Firmex, and Ansarada. While traditional VDRs charge up to $50,000 per deal, Peony offers flat-rate pricing starting at $52 per admin per month for the Data Room plan, and $64 per admin per month for the Deal Team plan. This dramatic price difference stems from Peony's focus on product R&D rather than sales overhead, resulting in a 9.4/10 ease-of-use rating and 9.7/10 user satisfaction.
Key features include folder- and page-level permissions, NDA gates, dynamic per-viewer watermarks, and comprehensive page-level analytics that track who opened each file, which pages they read, and for how long. You can expire links, block downloads and screenshots, and revoke access instantly. Every room can be fully branded with your firm's logo, domain, and custom cover cards—no templated portals. Security is robust with AES-256 encryption and two-factor authentication on all plans. Advanced features like signed NDAs, granular permissions, and controlled redaction are available on higher tiers.
A standout capability is native HTML rendering with JavaScript support, allowing interactive artifacts like Claude Design or GPT-generated financial models, dashboards, or ROI calculators to function seamlessly within the data room, wrapped in watermarks and analytics. Peony also integrates via MCP for direct publishing from Claude.
Use cases span M&A due diligence, fundraising, real estate transactions, and board communications. Over 5,900 teams, including M&A advisors, PE and VC funds, CRE teams, and family offices, trust Peony with over $19.6 billion in assets. Setup takes under five minutes with no credit card required. Peony's honest head-to-head comparisons with legacy vendors highlight its superior value and performance.
Use Cases
Key Features
flat rate pricing folder level permissions page level analytics NDA gates dynamic watermarks access revocation full branding AES 256 encryption two factor authentication native HTML renderingWho is it for?
investment bankers, M&A advisors, legal teams, corporate development, private equity firms, venture capital firms, due diligence teams
