Adventurous
Ideas Oy
Privacy policy

Adventurous Ideas Oy (“we”, “our”, “us”) is committed to protecting and respecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your personal data in accordance with the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679).

1. Data Controller

The data controller responsible for your personal data is:
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Adventurous Ideas Oy

℅ Valo Hotel & Work, Mannerheimintie 109, 00280 Helsinki, Finland
Email: info (at) adventurousideas.vc

2. Data Collection

We collect personal data through various means, including when potential startups submit pitch forms via our website. The following types of personal data may be collected:

• Contact Information: Name, email address, and any other details provided by you.
• Pitch Information: Pitch deck uploads and responses to the set of questions related to your startup.

When you submit your pitch deck or other investment-related documents through our website (adventurousideas.vc) or by emailing any adventurousideas.vc email address, we collect various information about you, and possibly about your associates or employees. If your pitch deck or submission contains personal information about individuals other than yourself, you confirm that those individuals have consented to the transfer of their personal data and have been informed about this Privacy Policy.
Submitting your personal data is voluntary. However, if you choose not to provide certain information, we may not be able to consider your pitch for funding or enter into any agreements with you.

3. Purpose of Data Collection

We process your personal data for the following purposes:

• Evaluation of Investment Opportunities: The primary reason for collecting data is to evaluate your pitch submission and decide whether it is aligned with our investment strategies. This includes reviewing the pitch deck and considering the provided answers.
• Communication: To communicate with you regarding the submitted pitch and for related investment discussions.

We process this information based on legitimate interests (GDPR Article 6, Para 1(f)) as it helps us assess investment prospects and respond to applicants. You have the right to object to this processing at any time.

4. Data Storage

Your personal data is stored securely by technical service providers engaged by Adventurous Ideas Oy. We retain your data as long as is necessary to fulfill the purposes outlined in this Privacy Policy or as required by law. In cases where your pitch is not selected, your data may still be retained to track future investment opportunities unless you request deletion.

5. Legal Basis for Processing

We rely on the following legal grounds for processing your personal data:

• Legitimate Interest (GDPR Article 6, Para 1(f)) for evaluating investment opportunities and communicating with you regarding your submission.
• Consent: In cases where we use your data for additional purposes (e.g., marketing), we will obtain your consent, and you may withdraw it at any time.

6. Data Sharing

We may share your data with the following third parties:

• Technical Service Providers: These providers help us manage the pitch submission platform and secure the data stored on it.
• Potential Investors: If we believe sharing your pitch with other investors will optimize your chances for funding, we may share your data with other investors. This will always be done with your prior consent.

We will ensure that any third parties processing your data are compliant with GDPR and have adequate security measures in place.

7. International Data Transfers

If we need to transfer your data outside the European Economic Area (EEA), we will ensure that appropriate safeguards are in place, such as standard contractual clauses approved by the European Commission, to protect your data rights.

8. Data Retention

We will retain your data:

• Selected for Investment: If we proceed with your pitch, we will retain the information for the duration of our relationship and for 5 years after its conclusion unless otherwise required by law.
• Not Selected for Investment: If we do not invest in your pitch, we may keep your data for future consideration in subsequent rounds unless you request its deletion.

9. Your Data Rights

Under GDPR, you have the following rights:

• Access: You have the right to request access to the personal data we hold about you.
• Rectification: If any of the information we hold about you is incorrect, you can request it to be updated or corrected.
• Erasure (Right to Be Forgotten): You may request that we delete your personal data, especially if it is no longer necessary for the purposes for which it was collected.
• Restriction of Processing: In certain circumstances, you can ask us to restrict the processing of your data.
• Data Portability: You can request to receive your personal data in a structured, commonly used, and machine-readable format.
• Objection: You have the right to object to the processing of your data based on our legitimate interests.
• Withdrawal of Consent: Where we rely on your consent, you may withdraw it at any time.

You may exercise your rights by contacting us at info (at) adventurousideas.vc.

10. Data Security

We have implemented appropriate technical and organizational measures to ensure the security of your personal data, protecting it against unauthorized access, loss, or damage.

11. Data Breach Notification

In the event of a data breach that may result in a risk to your rights and freedoms, we will notify the relevant data protection authority within 72 hours and inform you without undue delay if necessary.

12. Updates to the Privacy Policy

This Privacy Policy may be updated periodically to reflect any changes in how we process personal data. We encourage you to review it regularly.

13. Contact Information

If you have any questions regarding this Privacy Policy or wish to exercise your rights, please contact:
Adventurous Ideas Oy
Email: info (at) adventurousideas.vc