For venture funds and investment groups optimizing the way they search, vet, evaluate and secure investment opportunities in startups is essential to their success. To achieve this, they need to have the appropriate deal management tools in place that can support their specific workflow.

These software solutions enable you to quickly identify investment opportunities and prioritize them, allowing your team members to take action on prospects based on their own criteria. They also make it easy to keep track of the most recent information on opportunities and their development within the pipeline to ensure that there is no chance to slip into the wrong hands.

It’s not easy to manage deal flow, so you should use a system that lets you share your access with other stakeholders and partners. This will ensure that your team is equipped with the resources to evaluate startups successfully as well as more eyes and ears on potential partners.

A few of the best tools for managing deal flow also include several other options that can increase efficiency. These include collaboration and sharing of documents in a secure setting (like iDeals or Altvia) monitoring progress, project management and track the progress. Other tools, like Metabeta, provide a specialized pipeline for email automation as well as mentor matching, updates on startup processes and a checklist of diligence and more.

Affinity is a platform that is driven by relationships that aids capital markets firms understand their relationships and act on the most complete, current information. Its unique, unified platform for CRM offers relationship intelligence with deal sourcing, diligence and integration. It is perfect for managing LP-facing tasks such as understanding due diligence digital storages fundraising, deployment of capital, evaluating portfolios, and encouraging LP loyalty.