Peony

What Peony is

A virtual data room with AI attached. Documents sit in a controlled room, investors can ask questions across them, and the organiser can see which pages were read and by whom.

It targets deal processes where the room is the sensitive part.

What you can do with it

• Host deal documents in a controlled room
• Let investors ask questions over the material
• Track page-level engagement
• Apply watermarks and permission rules
• Collect e-signatures
• Control downloads and access windows

Who it is for

• M&A advisers and independent sponsors
• PE and VC funds
• Startups raising capital
• Real estate and transaction teams

What to watch out for

• Data rooms hold the most sensitive material in a transaction: permissions, watermarking, access auditing and download policy must be set deliberately
• Analytics tell you what was viewed, not what was understood or agreed
• Check who the counterparty can invite into the room
• Confirm retention and deletion terms after the deal closes