Privacy Policy
This Privacy Policy sets out how we collect, use and protect your personal information. 'Personal information' is information which directly identifies or is capable of identifying a specific person.
For the purposes of data protection law we will be a controller of your personal information. This means we make decisions about how and why your information is used and have a duty to ensure your rights are protected.
The data controller, as defined under the General Data Protection Regulation ("GDPR") for 7pc.co is 7percent Ventures Limited. We are registered as a data controller with the Information Commissioner's Office and our registration number is ZA506344.
The website contains links to the websites of portfolio companies and third parties. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies.
Please take the time to read this Privacy Policy. If you have any questions about this Privacy Policy or our use of your information you can contact us at cfo@7pc.vc.
About this Privacy Policy
We take your privacy seriously and are committed to maintaining the privacy and security of information you provide to us, and the choices you have regarding our collection and use of your information. This Privacy Policy explains how we collect, store and use that personal information and sets out our approach to the GDPR and UK laws such as the Data Protection Act. By visiting our website you are accepting and consenting to the practices described in this Privacy Policy.
General Storage and Security of your Personal Information
The data that we collect from you may be transferred to, and stored at, a destination outside of the European Economic Area ("EEA"). By using the website and/or sending us any information directly or via the website, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy.
Once we have received your information, we will use strict procedures and security features put in place to protect our paper based and computerised systems from loss and misuse, and only allow access to them when it is absolutely necessary to do so and then under strict guidelines as to what use may be made of the personal information contained within them.
Unless specified in more detail below, we will keep your information stored on our systems for as long as it takes to provide the services to you. The third parties we engage to provide services on our behalf will keep your data stored on their systems for as long as is necessary to provide the services to you.
We will not store your information for longer than is reasonably necessary or required by law. We regularly review what data we have and delete that which is no longer necessary. The period for which we will retain personal information will vary depending on the purposes that it was collected for, as well as the requirements of any applicable law or regulation.
We cannot absolutely guarantee the security of the internet or external networks or your own device. Accordingly any online communications (e.g. information provided by email or through our website) are at your own risk. You accept the inherent security risks of providing information online over the Internet and will not hold us responsible for any breach of security unless this is due to our negligence or willful default.
Business Contacts
As a part of our day to day operations we meet large numbers of business contacts at meetings and receive emails about investment opportunities. We are likely to receive and store personal information on those we meet.
If you have had contact with us, for example through emailing us or meeting a colleague, it is likely that we will want to make a note of that email or meeting and may store limited amounts of personal information relating to you, such as your name, job title, employer organisation and contact details.
We will collect and store this personal information for the purposes of:
maintaining a record of contacts;
providing periodic business updates;
drawing to your attention working opportunities which may be of mutual benefit to us as described below; and/or
organising meetings with you.
The personal information we hold about business contacts may be shared with: professional advisors; and/or
companies who hold or process personal information on our behalf, or cloud based products such as Google Drive.
The legal basis for collecting and storing such personal information about you is that such processing is necessary for our legitimate interests in running and promoting our business.
Personal Information Of Suppliers And Professional Advisors
As a part of our day to day operations we are likely to receive and store personal information to enable us to buy office and other supplies or engage with professional advisors.
If you are a supplier or professional advisor to us, we will capture and use limited amounts of personal information relating to you, including your name, job title, qualifications, employer organisation and contact details. We will store this personal information for the purposes of administering and maintaining records of services or advice we have received, and commissioning further services.
The personal information we hold about suppliers and professional advisors may be shared with:
Other professional advisors; and/or
Companies who hold or 'process' personal information on our behalf, or cloud based products such as Google Drive.
We store and process information in this way because it is necessary to:
Perform a contract to which you are likely to be a party;
Comply with a legal or regulatory obligation; and/or
Protect our legitimate interests in running and promoting our business.
Personal Information Collected During Pitches
We are likely to receive and store personal information as part of the investment evaluation process.
If you send or otherwise present to us an overview of your company (a "pitch"), we may store personal information relating to you in our Client Relationship Management ("CRM") or other such system. This may include your name,email address and gender. This data is used for in-house analysis and for any analysis which we may share externally, all information will be anonymised and aggregated before being shared. The pitch deck will be kept on file for future business opportunities.
If we decide to offer a term sheet, further information collected and stored might include your CV, details of your previous employment history and professional activities, information relating to your financial status and dealings, nationality information (including copies of identity documents, such as a passport), references provided by third parties, and results of other due diligence carried out.
We collect and store this information for the purposes of:
Evaluating a transaction and your role in it;
Executing transactions;
Managing an investment once made;
Maintaining records of investments;
Meeting regulatory and legal obligations e.g. AML & CFT checks;
Safeguarding our legal rights and interests;
Seeking and receiving advice from our professional advisors, including accountant's lawyers and other consultants; and/or
Providing periodic business updates, as described below.
The personal information we hold about the members of a management team teams may be shared with:
Professional advisors, such as accountants, lawyers or other consultants;
Financial intermediaries;
Credit and other reference agencies;
Other persons who have an interest or involvement in,or who are considering an interest or involvement in,a transaction, including co-Investors, other providers of finance and investors in our funds; and/or
Companies who hold or 'process' personal information on our behalf, or cloud based
Products such as Google Drive.
We store and process information in this way because it is necessary to:
Perform a contract to which you are likely to be a party;
Comply with a legal or regulatory obligation; and/or
Protect our legitimate interests in running and promoting our business.
Your rights
We want you to remain in control of your personal information. Part of this is making sure you understand your legal rights,which are as follows:
where data is processed on the basis of consent, the right to withdraw that consent;
The right to confirmation as to whether or not we have your personal data and, if we do, to obtain a copy of the personal data;
The right to have inaccurate data rectified;
The right to object to your data being used for marketing or profiling,or on the basis of our or a third party's legitimate interests;
The right to restrict how your personal information is used; and
The right to be forgotten, which allows you to have your data erased in certain circumstances (though this is not an absolute right and may not apply if we need to continue using the information for a lawful reason).
If you would like to exercise your rights, please contact us at cfo@7pc.vc
Sometimes you may be asked to provide proof of identity before we show you your personal information so that we can prevent unauthorised access.
Please keep in mind that there are exceptions to the rights above and, though we will always try to respond to your satisfaction, there may be situations where we are unable to do so (for example, because the information no longer exists or there is an exception which applies to your request).
We may update this Privacy Policy at any time. We encourage users to check this page frequently for any changes to stay informed about how we are helping to protect the personal information we collect.
Where To Make A Complaint
If you have a complaint regarding any aspect of your personal data or this privacy policy, please write to us at the above address. If you are still not satisfied with the outcome of your complaint, you may write to the Information Commissioner's Office at the following address:
Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 SAF
or via the ICO’s website at https://ico.org.uk/concerns/ or
over the telephone, by calling 0303 123 1113.
This Privacy Policy was last updated on June 30th, 2023