Northstar is the dataroom that closes the request list, drafts cited replies to buyer Q&A, and keeps every stakeholder current - so coordination stops being a job. Plugs into the inboxes your team already uses.
Live deal
Project Aurora · close target Jun 14 · 27 days out
Today · Tuesday May 18
asked a question about Q3 financial statements
9:42 am
“Can you reconcile the $4.2M OpEx variance vs FY24 budget - one‑time or structural?”
linked the question to Request #14 · routed to D. Patel
9:42 am
uploaded Helios‑Q3‑2024‑PnL.pdf
10:15 am
matched evidence to Request #14 · advanced to Partial
10:15 am
drafted a cited reply to Aisha
10:17 am
sent the reply · Request #14 closed
10:18 am
Inbound questions · 4
Reconcile the $4.2M OpEx variance vs FY24 budget
Aisha Khan · Strategic Acquirer Co. · 2h ago
“Can you reconcile the $4.2M OpEx variance vs FY24 budget - one‑time or structural?”
Draft reply · ready for review
Three structural drivers, one transitory: PPA pricing softness on the PacificCoast contract, higher O&M on the 2022 wind portfolio, and higher G&A from the Sunbelt acquisition. The Q3 maintenance reserve top‑up is transitory.
How does Helios recognize revenue for multi‑year PPAs?
Jamie Wu · 5h ago · 3 sources cited
What's the customer concentration in FY24?
Sent by D. Patel · today 10:18am
Outstanding litigation and regulatory matters?
Jamie Wu · yesterday
Cited answer · Customer concentration
Project Aurora · Helios Energy
Top‑customer concentration is 14.8% of FY2024 revenue ($27.3M of $184.2M). Top‑10 customers represent 61.4%. Two top‑ten contracts expire inside 12 months and have been routed to D. Patel.
Sources cited
Impact
Deal teams spend 20-30% of their billable time coordinating the request list across Excel, Outlook, and Teams. Northstar brings that work into the room so requests close, answers draft, owners update, and stale items surface automatically.
24/7
The room is progressing the deal
Reading, matching, drafting - even when your team isn't
0%
Billable hours reclaimed
From request lists, chase emails, and Q&A updates
4→1
Tools collapsed into one room
VDR, IRL spreadsheet, Q&A tracker, status emails
0%
Cited answers, every time
Pulled from your room, attachments, and email context
A day in the life
The room moves the deal overnight. Your morning is for the work that actually requires you - not the chase, the cross‑reference, or the copy‑paste. Here is what each role on the deal actually does now.
Deal Lead
Partner / Managing Director
Replies to 12 buyer questions across 4 active deals.
Before
3 hours, scattered across the day. Source files in 4 folders, drafts in 4 Outlook threads, one number always missing.
Now
3 minutes, once. Every reply drafted and cited overnight. You edit two, approve the rest, send.
Senior Associate
VP / Principal
Owns the request list across 6 workstreams.
Before
Friday afternoon rebuilding the IRL spreadsheet for Monday. Cross‑referencing Outlook against the file room. Emailing the CFO about the missing piece - again.
Now
The IRL is the room itself. Uploads close their own requests. The status call walks people through what was already current at 7am.
Analyst
Associate / Senior Analyst
Answers buyer questions on the financials.
Before
90 minutes per question. Find the source. Draft the answer. Wait on review. Send it back. Repeat tomorrow.
Now
Cited drafts are ready when the question lands. You spend the hour on the diligence work that develops your judgment.
“Reconcile the $4.2M OpEx variance vs FY24 budget.”
Drafted with sources
What the team got back
Coordination was the part of M&A no one ever billed for. Now it's the part no one has to do.
Security
Datarooms are trusted by default because they have to be. Northstar inherits that posture and adds the controls a modern AI‑native platform demands. Encryption, access, and audit are not features. They are the floor.
AES‑256 encryption for documents at rest, encrypted in transit. Each deal is logically isolated so one room's contents are never visible to another.
Permissions are scoped per deal and inherited from your org and team roles - not stitched together from per‑file ACLs. SSO via Okta, Azure AD, Google, or your IdP.
Every state‑changing action - uploads, citations, AI answers, permission changes - is recorded with actor, timestamp, and resource. Exportable on request.
Production runs in AWS, with encrypted storage and replicated databases. EU‑region deployment and customer‑managed keys available on enterprise contracts.
Inference runs inside our AWS environment using enterprise‑grade foundation models with zero training retention. Your documents are never sent to consumer AI products and are never used to train shared models.
Compliance posture
We are building Northstar to the standards your security and legal teams already enforce on Datasite and Intralinks.
SOC 2 / HIPAA
Readiness program underway
DPA + MNDA
Signable on request
Legacy datarooms stop at storage. Northstar starts there and keeps the request list, chase list, Q&A log, uploads, and stakeholder commitments synchronized as the deal moves.
Bankers, advisors, and transaction leads who need one live view of open requests, stale owners, buyer questions, and next actions across the whole room.
Private equity, corporate development, and lenders asking diligence questions that need fast, cited answers without waiting for another manual update email.
CFOs, controllers, and functional owners who should see only what they owe, where to upload it, and which questions need their input.
Outside counsel and specialist advisors who need controlled access, clean Q&A history, and a shared paper trail without living in someone else's spreadsheet.
Get Started
Northstar is built for teams that want the room to manage requests, questions, uploads, and answers instead of forcing analysts to stitch the deal together by hand.
