Project Fusion

What Project Fusion does

Project Fusion (legal name: Projectfusion, formerly Safedrop) is a UK-headquartered virtual data room provider founded in 2001 by Angus Bradley. The company delivers secure document sharing and collaboration services to professionals executing M&A transactions, due diligence, and other sensitive workflows, with primary customer segments spanning legal, corporate finance, life sciences, government and public sector, energy, real estate, and startups. Named enterprise and mid-market users include Cohen & Company (50+ data rooms via branded portal), Paris Smith, Hive Energy, Cosworth, Talbots Law, Barcan+Kirby, Portunus, Sulantrix, Solar 21, Ethical Power, Russell Cooke (customer since 2012), Coffin Mew, and Speciality European Pharma.

The platform's core technology rests on a UK-only encryption architecture: encryption keys are stored exclusively on Projectfusion's UK servers while bulk data is held by Wasabi in London, ensuring Wasabi sees only ciphertext. This design deliberately insulates customers from US CLOUD Act and FISA exposure. Security credentials include ISO27001, ISO22301, PCI DSS, HIPAA, Cyber Essentials, and GDPR compliance. Distinctive features include Hybrid AI Redaction (bulk AI-assisted redaction with human review, claimed 500x faster than manual), auto-numbering and instant indexing, dynamic watermarking including on Excel files, secure Excel viewing without downloads, a built-in Q&A module, real-time audit trails, granular permissions, and the SafeDrop one-way file delivery product.

The business model is hybrid PLG-plus-enterprise sales. Customers sign up free and prepare data rooms without charge until a deal goes live, then convert to a tiered subscription (Small Deal, Deal, Business, Enterprise, Enterprise Custom) billed monthly, quarterly, or annually. Additional revenue comes from usage-based storage (£150/GB/month), one-time closing bible/archive fees (from £50), and custom enterprise contracts. Hosting is available in UK, EU, US, and 27+ locations. The company is bootstrapped, has been profitable since inception, and reports 35,000+ professionals on the platform with an NPS of 44.

Name

Project Fusion

Legal name

Projectfusion

Website

https://projectfusion.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Project Fusion (formerly Safedrop) is a UK-based virtual data room provider founded in 2001 that serves legal, corporate finance, life sciences, and government clients with secure document sharing, redaction, and collaboration tools for M&A and due diligence transactions.

Ownership category

akta.pro rank

Product category

Virtual Data Room Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Managed File Transfer (MFT) & B2B Integration (EDI) (HDAEAIAE)

Keywords

• Virtual data rooms
• Secure document sharing
• M&A deal management
• AI document redaction
• UK data sovereignty

Headquarters

HQ city

Sandwich

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Virtual Data Room Subscriptions: Subscription-based pricing with tiered plans (Small Deal, Deal, Business, Enterprise). Only charges when deal goes live - preparation phase is free. Quarterly and annual billing options available with discounts.
2. Additional Data Storage: Extra data storage at £150/GB/month on all plans. Scales to libraries of up to 5 million files with multi-terabytes of data.
3. Closing Bibles/Archives: Available from £50 each for document archive/bible creation.
4. Partner/Enterprise Plans: Dedicated partner plans with discounts for multiple deals. Unlimited data room options for businesses.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Project Fusion (Projectfusion) sells a UK-hosted Virtual Data Room platform used by lawyers, advisors, life sciences teams, and government organisations to store, share, audit, and collaborate on confidential documents during M&A, due diligence, and regulated transactions. The platform includes core VDR functionality plus complementary products such as Secure Work Space for collaboration, Hybrid AI Redaction for fast document redaction, and SafeDrop for time-limited secure file delivery. Pricing is subscription-based, with a free preparation phase until a deal goes live, tiered by storage and feature set.

Product overview

Project Fusion offers a unified virtual data room platform for secure document sharing and collaboration, primarily serving M&A transactions, due diligence, and regulated industries. The core Virtual Data Rooms product is supplemented by complementary modules including Hybrid Redaction for AI-powered document processing, SafeDrop for secure file transfers, and utility tools like the Deal Name Lab and ROI Calculator. The platform operates on a subscription model with tiered plans (Small Deal, Deal, Business, Enterprise) differentiated by storage capacity and feature availability.

Differentiator

Problem solved

Functional benefit

Products and services

• Virtual Data Rooms The primary secure document sharing and collaboration platform that enables professionals to store, manage, and share confidential documents during M&A transactions, due diligence, and other sensitive business processes. Targeted at lawyers, corporate finance advisors, life sciences teams, governments, and other professionals.
• Secure Work Space A secure collaboration environment for teams to work on sensitive projects with built-in access controls, audit trails, and document protection features.
• Hybrid AI Redaction An AI-powered document redaction capability that combines automated bulk redaction with human review and approval. Works across PDFs, Word, Excel, and PowerPoint, supports regex/keywords/whitelists, and processes documents 500x faster than manual methods. Available as a feature in the Virtual Data Room product.
• SafeDrop Secure one-way file delivery service that allows users to send audited, time-limited messages and files to any email address with restricted download, printing, and copying, plus automatic file expiration. Used for sensitive documents outside the main data rooms.

Quantifiable outcome

• 500x faster redaction compared to manual methods
• +4 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature8 records

Partnerships

Two partnerships are on record, tiered minor and core.

• 1% for the PlanetminorOthers · 1 January 2020Environmental giving partnership. Projectfusion pledges 1% of gross sales to nonprofit causes focused on planet Earth, audited by 1% for the Planet organization.
• WasabicoreTechnology or IntegrationUK-based cloud storage infrastructure provider. Data stored in London with Wasabi. Encryption keys held separately on Projectfusion's UK servers, ensuring Wasabi only sees unreadable ciphertext.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Datasite: Largest dedicated virtual data room provider globally, formed by the merger of Intralinks and Merrill Corporation. Serves the same M&A, legal, and corporate finance buyer with pay-per-deal subscription pricing and AI-powered redaction features (Diligent + Datasite). The most direct large-scale competitor to Project Fusion's VDR offering.
• Ansarada: Australia-based VDR provider focused on M&A, due diligence, and board management. Offers subscription-based data rooms with AI deal insights and tender offer tools. Directly comparable in product, pricing model, and target buyer (advisors, lawyers, corporate finance) to Project Fusion.
• Firmex: VDR platform purpose-built for M&A diligence, now part of the Datasite group. Serves mid-market deals with subscription pricing and is widely used by legal and financial advisors — the same core customer segment Project Fusion targets with its tiered Deal/Business/Enterprise plans.
• iDeals Solutions: Cyprus-headquartered virtual data room provider serving M&A, legal, and life sciences buyers globally. Offers comparable features (granular permissions, dynamic watermarking, audit trails, redaction) and competes in the same SMB-to-mid-market VDR pricing band as Project Fusion.
• SmartRoom: Virtual data room provider focused on M&A and strategic transactions, offering project management, Q&A workflows, and document security. Comparable to Project Fusion in M&A orientation, deal-based pricing model, and mid-market customer focus.
• SecureDocs: Cloud-based VDR provider for M&A, fundraising, and legal due diligence. Now part of the Datasite group, it serves similar small-to-mid-market users with subscription data rooms and is a direct competitor to Project Fusion's Small Deal and Deal plans.
• Egnyte: Secure file sharing and data governance platform for regulated industries (life sciences, financial services, construction). Competes with Project Fusion on secure document collaboration, audit trails, and compliance-grade workflows for mid-market and enterprise customers.

Broad incumbents

• Box: Public enterprise content management and secure file sharing platform (NYSE: BOX) used for M&A, legal, and regulated workflows. Competes with Project Fusion's SafeDrop and Secure Work Space modules at the broader secure-collaboration layer, with deeper integrations and global enterprise scale.
• Citrix ShareFile: Enterprise secure file sharing and document collaboration platform owned by Cloud Software Group. Overlaps with Project Fusion's SafeDrop and Secure Work Space functionality for regulated industries (legal, finance, healthcare) where compliance certifications matter.
• Microsoft SharePoint: Enterprise content and document management platform bundled with Microsoft 365. Used by many legal and corporate teams for internal collaboration and increasingly for deal-room-adjacent workflows; represents the 'good enough' incumbent against which Project Fusion's secure VDR positioning must differentiate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/projectfusionhq
• Facebookfacebook.com/ODProjectfusion
• LinkedInlinkedin.com/company/projectfusion

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Project Fusion