Peony Reviews

Who uses Peony?

• M&A advisors and investment bankers running sell-side processes with multiple bidder groups
• Startup founders sharing pitch decks and due diligence materials with investors
• Private equity firms and independent sponsors managing deal-by-deal execution
• Legal teams exchanging confidential documents with outside parties

What are the key features of Peony?

• Granular permissions: access is set per group, per folder, and per file at four levels (No access, View, Download, Upload). "No access" hides an item from that group entirely, which supports phased disclosure to different bidders.
• NDA gating and e-signatures: viewers accept or sign an NDA before opening a room, folder, or file. Advanced e-signature with custom fields is included from the Data Room plan.
• Dynamic watermarks: each page is stamped with the viewer's email, IP address, and timestamp (PDF, Office, image, video, audio, and text files).
• Page-level analytics: see which pages each viewer opened, how long they spent, what they downloaded, and when they accepted the NDA. Analytics export to CSV.
• Link and access control: email verification, allow and block lists, link expiry, and instant revocation of any link or room, even mid-session.
• Visitor Q&A: structured buyer questions with an expert and approver workflow on the Deal Team plan. One bidder group never sees another group's questions.
• AI document Q&A: ask questions across an entire data room and get answers with page-level citations. AI Rooms organize files into folders and score room completeness, and AI redaction (available on request) flags PII and sensitive terms.
• HTML and AI artifact viewer: .html files render natively with JavaScript running, so interactive financial models, dashboards, and calculators stay live for recipients behind NDA gating, analytics, and revocable links.
• Branding: custom logo, colors, and custom domain.

How much does Peony cost?

Peony publishes its pricing and charges per admin seat. Billed annually: Free ($0), Business ($30 per admin per month), Data Room ($52 per admin per month), Deal Team ($64 per admin per month, minimum 4 admins), and Enterprise (custom). Monthly billing is $44, $75, and $89 per admin per month respectively. External viewers are unlimited and free on every plan, with no per-page, per-GB, or per-link fees. AI features run on monthly credits that can be topped up.

Is Peony secure?

Files, metadata, databases, and backups are encrypted with AES-256 at rest and TLS 1.2 or higher in transit. Customer data is hosted in the United States (AWS us-east-1). Peony is SOC 2 Type II-ready and ISO 27001-ready, with formal audits underway through Sprinto. Customer documents are never used to train AI models, and AI features can be turned off for any individual data room.

How does Peony compare to other virtual data rooms?

Peony is typically evaluated alongside Datasite, Intralinks, iDeals, Firmex, DocSend, and Papermark. Many traditional VDR providers quote custom pricing based on page count or storage; Peony instead publishes flat per-admin pricing, includes unlimited viewers, and offers a free plan.

What should buyers look for in Peony reviews?

• How quickly a data room can be set up and opened to bidders or investors
• Visibility into viewer engagement at the page level during a live process
• Total cost compared with per-page or per-GB VDR pricing
• Responsiveness of support during live deals (24/7 in-app chat)