Papermark is self-hostable. If running your own infrastructure is the requirement, take it.
Papermark alternative
Everything Papermark charges for is free here.
Unlimited data rooms, NDA gating, per-file permissions, branding and page-level analytics. $0, permanently.
Unlimited tracked links · No credit card · Live in minutes
Line by line
Compare what the raise actually needs.
The difference is not a shorter feature list. It is whether the room, permissions and analytics begin on the free plan.
What a raise needs
Papermark
RoundOS
Tracked links, page analytics
Free tier, document limits
$0, unlimited
Custom branding, badge removed
Pro, €24 / mo
$0
NDA signing, custom domain
Business tier
$0
Data rooms, granular permissions
Data Rooms, €99 / mo annual
$0
Paying monthly instead of annually
€149 / mo
$0
Your fourth team member
+€33 / mo
$0
Q&A module and audit log
Plus, €249 / mo
$0
// Papermark published rates, 2026. Check current plans before you decide.
Where they win
The paid room is not the product.
Papermark's open-source history matters to teams that want to own and operate the infrastructure. RoundOS is the hosted fundraising product.
If you need a hosted data room for a raise this month, every metered room feature is on the RoundOS free plan.
A real data room
Not a folder with a password.
The full investor workflow belongs in one room: structure, access, signatures, versions and named attention.
Sections in reading order
Deck, metrics, model, cap table and contracts stay numbered, so a partner can work down the room instead of emailing you for files.
Permissions per file
Keep the cap table locked until the conversation is real. Release it to one investor without opening it to the other thirty.
NDA at the door
Collect the signature before entry and keep the signed copy against the visitor record, without a separate signature workflow.
Expiry and revoke
Kill a link the day a thread dies. Access ends immediately, including for anyone the original recipient forwarded it to.
Versions, not attachments
Replace deck v7 with v8 and every link already sent serves the current file. Nobody keeps reading last month's numbers.
A named record of every view
See who opened which file, how long they stayed, when they returned and where attention held inside the document.
Questions
Papermark alternatives, answered.
01Which is cheaper?
RoundOS. Unlimited data rooms, tracked links, page analytics, NDA gating, per-file permissions and every team seat are available at no cost.
02Is RoundOS open source?
No. Papermark has an open-source history, which matters to some teams. RoundOS is a hosted product.
03Can I use RoundOS only for the data room?
Yes, indefinitely. Nothing expires and no card is required.
04Do investors need to sign up?
No. They open a named link in the browser, with an email or NDA gate only when you choose one.
05What is the best Papermark alternative for fundraising?
If you need self-hosting, Papermark is the answer. If you need a hosted virtual data room for an active raise, RoundOS includes the room, analytics, permissions and every seat on the free plan.
06Is Papermark free for data rooms?
Papermark's free tier shares documents with links and basic analytics. Its dedicated data-room capabilities sit on paid plans; self-hosting is free when you run the infrastructure yourself.
