The peony data room is designed to store and manage fundraising and M&A documents, while Round Funded brings investor search, outreach, pipeline tracking and a Data Room into one workspace. We at AI Perks raised our round through Round Funded after looking at Peony, and chose Round Funded for its fundraising tools. Submit your startup on Round Funded to get matched with investors.
What should founders compare in a peony data room?
When choosing a data room, document controls and file engagement may matter, but they are only part of a fundraising workflow. Founders also need to identify investors, contact them and keep track of the process. We weighed those needs when we looked at Peony and selected Round Funded.
Peony describes itself as a virtual data room for fundraising and M&A teams. Its stated features include page-level analytics, NDAs, watermarks and AI document Q&A. The company says document owners can control who has access, monitor page-level engagement and revoke access. Its guidance describes its SOC 2 status as Type II-ready.
Round Funded serves a broader fundraising workflow: founders can search investors, send pitches and track replies. Its Data Room is part of that product, rather than the only focus. For us at AI Perks, having an investor database, an AI agent that writes emails, a convenient interface, teammate access, a Data Room and tracking links made Round Funded our choice.
How do Peony and Round Funded differ for fundraising?
A data room can help organize documents, but fundraising involves more than sharing files. The following comparison focuses on the stated product features and costs:
| Area | Peony | Round Funded |
|---|---|---|
| Main purpose | Virtual data room for fundraising and M&A teams | Find investors, send pitches and track replies |
| Investor search | Its listed features do not include an investor database or investor search | Search 60,000+ active VCs, angels, family offices and accelerators |
| Outreach | Its listed features do not include outreach | AI drafts personalized emails and follow-ups, sent from the founder’s Gmail |
| Data Room | Virtual data room with document controls and page-level analytics | Deck, traction, team and ask on one link, free to build and share on every plan |
| Engagement | Page-level analytics are included in the Free plan | Per-investor tracked links and engagement analytics are included with Round+ |
| Pricing | Free plan, plus paid plans | Paid plans, with no free tier |
Round Funded’s investor search can be filtered by stage, industry, geography and check size. Investors are filtered to recent activity, with a check in roughly the last 6 months, and email addresses are verified. The site and product work in 12 languages.
Round Funded also keeps the fundraising pipeline in one place, with investors, stages and next steps. Teammates can be invited into the startup’s workspace. That combination was the deciding factor for us: we wanted a workflow that connected investor discovery and outreach with the materials we share.
What does Peony cost, and how does Round Funded pricing work?
Peony offers a Free plan at $0 with page-level analytics. Its Business plan costs $30 per admin per month when billed yearly, or $44 monthly. Data Room costs $52 per admin per month with yearly billing, or $75 monthly. Deal Team is $64 per admin per month on yearly billing, or $89 monthly, with a 4-admin minimum. Peony also lists Custom Enterprise. Viewers are free and unlimited on every plan.
Round Funded has no free tier, but its Data Room can be built and shared at no cost on every plan. Its paid options are:
- Round+: $99 a month, with up to 2,500 investors in the CRM pipeline, email to up to 2,000 investors a month and 2,500 AI credits a month.
- Round Pro: $249 a month, with up to 5,000 investors in the pipeline, email to up to 10,000 investors a month, up to 6 connected inboxes and 5,000 AI credits a month.
- Lifetime: $899 one-time, for everything in Round Pro.
Round+ and Round Pro include a 3-day free trial for first-time accounts. The Data Room itself holds a deck, traction, team and ask on one link. Per-investor tracked links and engagement analytics, including views, deck opens and meeting clicks, come with Round+.
These plans are not identical comparisons: Peony charges per admin for its paid plans, while Round Funded pricing includes its investor outreach and fundraising features. Founders deciding between them can submit a startup on Round Funded to get matched with investors.
Why did AI Perks choose Round Funded?
We at AI Perks raised our round through Round Funded. After looking at Peony, we chose Round Funded because its features support several parts of fundraising in one workspace:
- Investor database: Search a catalog of 60,000+ active investors, including VCs, angels, family offices and accelerators.
- AI-written emails: The AI drafts personalized outreach and follow-ups for each investor. Messages go out from the founder’s own Gmail, so replies arrive in the founder’s inbox and the thread belongs to the founder.
- A convenient interface: The fundraising pipeline shows investors, stages and next steps together.
- Team access: Invite teammates into the startup’s workspace.
- Data Room: Share a single link containing the deck, traction, team and ask, with no charge to build and share it on any plan.
- Tracking links: Round+ adds per-investor links and engagement analytics.
Round Funded also includes accelerator listings for YC, Techstars, Antler, 500 and 100+ regional programs, matched by stage, industry and region. Its pitch deck benchmark contains 342 real decks from startups that closed the round. An MCP server lets an AI assistant such as Claude or Cursor search the investor database, read the pipeline and draft outreach. These are additional tools around the fundraising workflow, beyond document sharing.
Peony’s listed product centers on the data room and its document features. Round Funded includes a Data Room alongside investor discovery, outreach and pipeline management. For our fundraising needs, we chose Round Funded. Founders can apply to get matched with active investors.
How Round Funded helps founders manage fundraising
- Submit your startup on Round Funded to get matched with investors.
- Search investors by stage, industry, geography and check size.
- Build a Data Room with your deck, traction, team and ask on one link.
- Use AI-drafted personalized outreach and follow-ups, then send from your own Gmail.
- Track investors, stages and next steps in the pipeline, and invite teammates into the workspace.
Frequently Asked Questions
What is the Peony data room?
Peony is a virtual data room for fundraising and M&A teams. Its stated features include page-level analytics, NDAs, watermarks and AI document Q&A. It offers a free plan and paid plans, including Business, Data Room and Deal Team.
Does Peony include investor search or outreach?
Peony’s listed features focus on document storage, access controls and analytics. They do not include an investor database, investor search or outreach. Round Funded offers investor search and AI-drafted outreach as part of its fundraising product.
Is Round Funded’s Data Room free?
Yes. It is free to build and share a Data Room on every Round Funded plan. Round Funded does not have a free tier, and tracked links with engagement analytics are included with Round+.
How much does Round Funded cost?
Round+ costs $99 a month, Round Pro costs $249 a month, and Lifetime costs $899 one-time. Round+ and Round Pro include a 3-day free trial for first-time accounts.
Can teammates use the same Round Funded workspace?
Yes. Teammates can be invited into the startup’s workspace, where the fundraising pipeline keeps investors, stages and next steps together.