Case Study: Tubulis raises €60M and improves investor communication with iDeals

How Tubulis used iDeals to improve investors’ communication and raise €60M for drug development

Tubulis, a German biotech start-up developing targeted therapeutics and next-generation chemotherapy drugs, needed a more secure and efficient way to communicate with existing and potential investors during a funding round. Before using iDeals, the team relied on email and file transfer tools to share confidential information, and they needed better permission controls, activity reporting, multiple project rooms, and a European-based server.

With iDeals’ virtual data room, Tubulis created multiple secure rooms tailored to different projects, controlled user access and permissions, and monitored activity through reports, with data hosted in Frankfurt. The solution helped streamline investor communications and supported a successful fundraising round, helping Tubulis secure €60 million in investment; they now use iDeals across 24 ongoing projects and praise the platform’s ease of use and customer service.

Tubulis

Dominik Schumacher

Chief Executive Officer