2024 Wrapped: how Virtual Vaults empowered dealmakers

A year of growth

Overall, 2024 was a remarkable year for the company. We solidified our presence in the Benelux M&A mid-market and expanded our reach into the DACH region, the UK, and the Nordics. The number of new Virtual Data Rooms launched on our platform surpassed our predictions made in the first half of the year, showing a significant rise compared to earlier projections.

The growth is also reflected in the broader adoption of our deal preparation platform, Workspaces. Since its launch, Workspaces has been a resounding success in the Benelux region. Over the past year, it has expanded into other markets, experiencing over 20% growth. 

Here’s what our valued customer Marktlink has to say about us:

Facing challenges with optimism

Despite the European mid-market experiencing a decline in deal volume due to buyer hesitation over the past year, we have observed an increase in our activities. A recent study for the European market predicts a resurgence in buyer interest in the coming year. Consequently, we remain optimistic that our positive trend in deal activities will continue and expand. To support this growth, we are constantly improving our deal preparation platform and anticipate greater adoption of our latest AI-powered features, enabling dealmakers to work even more efficiently.

Expanding across sectors and regions

We have maintained our leadership position in the Benelux region, but our expansion into neighboring areas has steadily increased. Notably, the DACH region has demonstrated impressive growth, with a year-over-year increase of 170%. Given the positive trend predictions for private equity, we anticipate a surge in activity, particularly in the DACH region, in the coming period as interest rates are expected to decline. In the first half of 2024, the real estate industry, which has faced economic challenges for several years, showed signs of recovery, demonstrating positive growth rates. However, this momentum has slowed, and activity levels began to decline in the second half of 2024.

Looking Ahead

As we close the chapter in 2024, we are proud of our progress. We remain committed to removing barriers for mid-market dealmakers by simplifying complex processes and making critical information easier to manage. With the momentum gained this year and a clear focus on market expansion, product innovation, and customer success, we are set to make an even greater impact in 2025 and beyond. Together, we look forward to shaping the future of dealmaking.