Data Protection

Quickers Venture S.L. Data Protection Notice

We take your privacy very seriously. In line with Regulation 2018/1725 Pulse, a Quickers Venture S.L. company collects your personal information only to the extent necessary to fulfil a precise purpose related to our tasks. We put in place measures to guarantee that your data are kept up-to-date and processed securely. We do not share your data with third parties. You may contact us at any time to ask about your data protection rights. If you would like to exercise your data protection rights, please send us a written request by e-mail to  hello@quickers.com attaching a copy of your national ID to be able to identify yourself.

• About us:

Our denomination:  QUICKERS VENTURE, S.L. Company
Our VAT Number: ESB42674317
Our main activity: Venture Capital and Capital Fund
Our email address: hello@quickers.com 
Our websites: www.quickers.com www.quickers.vc
 

• What are we going to use your data for?

As a rule of thumb, your personal data will be used to help us communicate with you, market our products, share our services, answer your questions and send you quotes in case you request them.

In case of visiting our facilities or events, your image may appear in publications to promote our activities, events, etc. At any time you can ask us to delete them or give up their use. Likewise, they can also be used for other activities, such as advertising or promoting our activities.

The website is our most important communication tool. Here we communicate our work such as our products, services, best practices, advises, opinions and general information about environmental impacts and best practices. Some of the services offered on our website require the processing of your personal data.
We processed personal data collected on our website or open sources for the following purposes:

• To give you access to our website. We only use technical session cookies to detect if the user supports JavaScript or not, and
• when you send us a request or a complaint through our website or by other means, only for the purpose of the management of this request of complaint

We do not reuse the information for another purpose that is different to the one stated. We will never divulge your personal data for direct marketing purposes.
Under certain conditions outlined in law, we may disclose your information to third parties, (such as the European Anti-Fraud Office, the Court of Auditors, or law enforcement authorities) if it is necessary and proportionate for lawful, specific purposes.
As a rule, we do not keep your personal information for longer than necessary for the purposes for which we collected it. We may keep your personal data for a longer period for historical, scientific or statistic purposes with the appropriate safeguards in place.

• Why do we need to use your data?

Your personal data are necessary to be able to relate to you and be able to provide our services. In this sense, we will put at your disposal a series of boxes that will allow you to decide in a clear and simple way about the use of your personal information.

• Who will know the information we ask?

In general, only the personnel of our entity that is duly authorized may have knowledge of the information that we request.

Similarly, may be aware of your personal information those entities that need to have access to it so that we can provide our services. For example, our bank will know your data if the payment of our services is made by card or bank transfer.

Likewise, your information will be known by public or private entities to which we are obliged to provide your personal data due to compliance with any law. To give you an example, the Tax Law requires to provide the Tax Agency with certain information about economic operations that exceed a certain amount. Companies of the Group that provide us management services, advice, etc. may also have access to your information.

In the event that, regardless of the aforementioned assumptions, we need to disclose your personal information to other entities, we will request your permission in advance through clear options that will allow you to decide in this regard.

• How are we going to protect your data?

We will protect your data with effective security measures based on the risks involved in the use of your information.

For this, our entity has approved a Data Protection Policy and annual controls and audits are carried out to verify that your personal data is safe at all times.

• Will we send your data to other countries?

In the world there are countries that are safe for their data and others that are not so secure. For example, the European Union is a secure environment for your data. Our policy is not to send your personal information to any country that is not safe from the point of view of protecting your data.

In the event that, in order to provide the service, it is essential to send your data to a country that is not as safe as Spain, we will always request your permission and apply effective security measures that reduce the risks of sending your personal information to another country.

• How long will we keep your data?

We will keep your data during our relationship and as long as the laws oblige us. Once the applicable legal deadlines have been finalized, we will proceed to eliminate them in a safe and environmentally friendly manner.

• Which are your data protection rights?

At any time you can contact us to know what information we have about you, rectify it if it is incorrect and eliminate it once our relationship is finished, in case this is legally possible.

You also have the right to request the transfer of your information to another entity. This right is called "portability" and may be useful in certain situations.

To request any of these rights, you must make a written request to our address, along with a photocopy of your ID card, to be able to identify you.

In the offices of our entity we have specific forms to request these rights and we offer our help to complete them.

To learn more about your data protection rights, you can consult the website of the Agencia Española de Protección de Datos (www.agpd.es). 

• Could you withdraw your consent if you change your mind at a later time?

You can withdraw your consent if you change your mind about the use of your data at any time.

For example, if you were interested in receiving advertising for our products or services, but no longer wish to receive more publicity, you can let us know through the form of opposition to the treatment available at the offices of our entity.

• In case you understand that your rights have been disregarded, where could you file a claim?

In case you understand that your rights have been ignored by our entity, you can file a claim with the Agencia Española de Protección de Datos, through one of the following ways:

• Electronic Site: www.agpd.es
• Post Mail:

Agencia Española de Protección de Datos
C/ Jorge Juan Nº 6, 28001, Madrid

• Telephone:

Phone: 901 100 099

Phone: 912 663 517

Filing a claim in the Agencia Española de Protección de Datos does not entail any cost and the assistance of lawyer or attorney is not necessary.

• Will we create profiles about you?

Our policy is not to create profiles about the users of our services.

However, there may be situations in which, for the purpose of providing the service, commercial or otherwise, we need to develop profiles of information about you. An example could be the use of your purchase or service history to be able to offer you products or services adapted to your tastes or needs.

In this case, we will apply effective security measures that protect your information at all times from unauthorized persons who intend to use it for their own benefit.

• Will we use your data for other purposes?

Our policy is not to use your data for other purposes than those we have explained to you. If, however, we need to use your data for different activities, we will always request your permission in advance through clear options that will allow you to decide about it.

Thank you for your reading!

Quickers Team :)

The Direction / Governing Body of QUICKERS VENTURE, S.L. (hereinafter, the person responsible for the treatment), assumes the maximum responsibility and commitment to the establishment, implementation and maintenance of this Data Protection Policy, guaranteeing the continuous improvement of the controller in order to achieve excellence in relation to compliance with Regulation (EU) 2016/679 of the European Parliament and of the Council of April 27th 2016 on the protection of natural persons with regard to the processing of personal data and the free circulation of such data and the one that repeals the Directive 95/46 / CE (General regulation of protection of data) (DOUE L 119/1, 04-05-2016), and of the Spanish norm of personal data protection (Organic Law, legislation specific sector and its development rules).

The Data Protection Policy of QUICKERS VENTURE, S.L. it rests on the principle of proactive responsibility, according to which the controller is responsible for compliance with the regulatory and jurisprudential framework that governs that Policy, and is capable of demonstrating it to the competent control authorities.

In this sense, the person responsible for the treatment will be governed by the following principles that should serve all its personnel as a guide and frame of reference in the processing of personal data:

1. Protection of data from the design: the controller will apply, both at the time of determining the means of treatment and at the time of the treatment, appropriate technical and organizational measures, designed to effectively apply the principles of protection of data, such as the minimization of data, and integrate the necessary guarantees in the treatment.
2. Protection of data by default: the data controller will apply the appropriate technical and organizational measures in order to guarantee that, by default, only the personal data necessary for each of the specific purposes of the processing will be processed.
3. Data protection in the information life cycle: the measures that guarantee the protection of personal data will be applicable during the entire life cycle of the information.
4. Lawfulness, loyalty and transparency: personal data will be treated in a lawful, fair and transparent manner in relation to the interested party.
5. Limitation of the purpose: personal data will be collected for specific, explicit and legitimate purposes, and will not be further processed in a manner incompatible with said purposes.
6. Minimization of data: personal data will be adequate, relevant and limited to what is necessary in relation to the purposes for which they are treated.
7. Accuracy: personal data will be accurate and, if necessary, updated; All reasonable measures shall be taken so that personal data that are inaccurate with respect to the purposes for which they are treated are deleted or rectified without delay.
8. Limitation of the conservation period: the personal data will be maintained in a way that allows the identification of the interested parties during no more time than necessary for the purposes of processing personal data.
9. Integrity and confidentiality: personal data will be treated in such a way as to ensure adequate security of personal data, including protection against unauthorized or illegal treatment and against loss, destruction or accidental damage, through the application of measures appropriate technical or organizational
10. Information and training: one of the keys to guarantee the protection of personal data is the training and information provided to the personnel involved in their treatment. During the information life cycle, all personnel with access to data will be properly trained and informed about their obligations in relation to compliance with data protection regulations.

The Data Protection Policy of QUICKERS VENTURE, S.L. is communicated to all the personnel of the controller and made available to all interested parties.

As a consequence, this Data Protection Policy involves all the personnel of the data responsable of the treatment, who must know and assume it, considering it as their own, with each member responsible for applying it and verifying the data protection rules applicable to their activity. , as well as identifying and contributing the opportunities for improvement that it considers appropriate with the aim of achieving excellence in relation to compliance.

This Policy will be reviewed by the Direction / Governing Body of QUICKERS VENTURE, S.L. as many times as deemed necessary, to adapt, at all times, to the current provisions on the protection of personal data.

Companies seeking VC investment are often categorized as being “high risk, high return”. VC funds generally seek to invest in early-stage or start-up companies with a potential for significant growth. Funds typically invest their money at a stage where the company’s valuation is relatively low with growth potential to allow their investment to increase, culminating in what investors hope to be a large gain on an exit.

VC is most prevalent in the technology and life sciences sectors (within which a significant proportion of the investment is directed towards fintech, cleantech, AI, deep tech, life sciences and Medtech).

Venture capital (VC) and private equity (PE)

VC is a form of equity investment primarily aimed at early stage, unquoted companies with high potential for growth. It is often described as a subset of PE, but there are a few key differences:

• Age/maturity of company. While PE funds look to invest in relatively mature companies with an established trading history, VC funds generally invest in younger, earlier stage companies often with little trading history and few tangible assets.

• Profit. A PE backed company must show sufficient cashflow to support high levels of leverage. Companies seeking VC investment are often loss-making and may have limited (or no) revenues and require funds to help them become profitable.

• Types of company. PE funds are generally market sector neutral, provided there are sufficient profit levels and a clear business plan for the future. In contrast, VC funds often target the technology or life science sectors, backing companies with potential for rapid growth.

• Debt. A key feature of PE transactions is often leverage. In PE transactions, an equity investment is generally accompanied by a high ratio of debt. However, VC transactions are structured predominantly through equity investment alone.

• Control. In contrast to typical PE buyout scenarios where obtaining control of the company is critical, only a minority stake is typically sought in VC investment. This stake is supplemented by a limited set of control rights over certain actions the company may take.

There is increasing commentary that the PE and VC sectors are becoming more closely aligned as the number of large funding rounds for later stage technology companies in the UK increases. These “growth capital” rounds often involve participation from what might be considered traditional PE funds.

Sources of funding

As well as funding from specifically created VC funds, there are a number of alternative ways that early stage companies can obtain funding, including:

• University seed funds. These are funds created by universities, predominantly through monetary input from the UK government, which are accessible to researchers within the university.

• Business angels. These are typically high net-worth individuals who choose to invest directly in start-up companies and can provide not only financing, but also vital knowledge and experience.

• Corporate venturing. This is a mutually beneficial relationship between a large, established enterprise and a smaller company usually operating in a related sector. Corporate venturing can often also come in the form of accelerators or incubators where early stage companies are nurtured by a larger enterprise before raising money from external third party sources.

• Crowdfunding. Companies can now raise capital from a number of different platforms that allow large numbers of small investors to invest through a nominee company.

• Grants. There are a number of sources of grant funding, for which early stage companies can apply, including the government funded Innovate UK.

• Debt. As start-ups have a short trading history, little or no income to service debt, and limited assets over which the lender can take security, they can rarely raise debt. As a company grows, it may become possible for it to raise debt, in particular from specialist providers of venture debt. This may be debt with, for example, a right of conversion into preference shares and/or an equity kicker in the form of warrants to subscribe for shares.

Deals that interest us typically satisfy the following minimum criteria:

• Very early-stage startups (ideally a company not yet legally created)
• Our sweet spot for initial investment is in the range of €50K to €300K
• With these considerations, we are involved as a single party in a small round

• Focus on Technology, Environmental Sustainability, Social Impact.
• Some level of customer traction and market validation in the form of existing sales
• A product or service which would satisfy the needs/wants of the target market. The entrepreneur valuation should be based on reasonable assumptions
• Had successfully identified at least 1 FTE (Full Time Equivalent) with the needed skills and time to successful follow the Quickers Incubation Program (QIP)
• Management of key positions filled and with clear delineation of who the next hires would be combined with strong domain knowledge. The management should be able to clearly identify the sales/marketing channels they will target as well as typical customer acquisition costs

Mutual Respect

A startup is already working against the odds. Having employees or founders working against each other is a sure way to torpedo success. Having a team that listens to each other and takes advice, feedback, and criticism to heart help move a project forward quickly and easily. Gaining consensus on large-scale pivots requires team members to understand and trust each other. This will come naturally when team members have mutual respect, not just for the founders, but for each other.

Diverse Experience

A great founder knows what she doesn't know and hires people smarter than herself to fill the gaps. Having experience in scaling a business requires a background in fast-growth business. Having technical experience to build, fix and pivot requires a skilled technologist. Understanding the pace and unique iterative style of a startup requires someone with past successes and failures in the startup world. Before beginning to fundraise, make sure you've built a team that brings their own unique skills. Look for developers who have business experience, look for growth hackers who might have investor relationships. Everyone brings a unique amalgamation of experience. Investors will see that as a huge benefit.

Customer Knowledge

It's inevitable that early startups will make assumptions about what their customers want and will pay for. Having an intimate understanding of your customers and market will give you a huge advantage. You'll waste less time testing ideas and creating products that don't have a good market fit.  Make smarter informed assumptions and understand how to test those assumptions if you have team members who are a part of the communities that you are building your product to serve, and have the problems your product is hoping to solve.

Adaptability

Every product changes. If you don't take huge pivots early in the startup process like Pinterest or Groupon, you'll definitely have to change as you scale. Having a team that is invested in the problem and solution that your product is trying to fix, rather than the product and features will help them iterate quickly. Adaptability is key to bringing the right product to market.

Compatible Vibe

It goes without saying that teams that like each other, who enjoy being in the same room together for hours at a time are going to make investors more comfortable. The constant tension between team members is bad for a young company. Having a team that feels comfortable opening up about issues, asks for help when they need it, and can band together when things get difficult (because they will) shows investors that your company will be more likely to ride out the painfully bumpy road of bringing a startup product to life.

Credits: bigroomstudios

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GENERAL

What’s Quickers Venture?

Quickers Venture is the venture platform. Here selected startups from the world can apply for the 100% online Quickers Incubation Program (QIP) and accelerate innovative businesses. Within the platform, our company together with strongly selected investors help the foremost innovative Green, Tech, and Social early-stage startups.

What is equity crowdfunding?

Equity crowdfunding is a mechanism that enables broad groups of investors to fund startup companies and small businesses in return for equity. Investors give money to a business and receive ownership of a small piece of that business. If the business succeeds, then its value goes up, as well as the value of a share in that business—the converse is also true.

What makes Quickers unique?

We have taken the best parts of venture capital, and the best parts of equity crowdfunding, to create something unique. Each investment in a start-up is made through a special purpose vehicle (SPV) which can be marketed within the EU under the European Venture Capital Fund (EUVeca) Regulation. This way, although investors choose which start-up to invest in, they don’t technically invest directly, we do it for them through this SPV. Our start-ups get all the benefits of the contacts, experience, and advice that the most dedicated investors have to offer while having a single investor, Quickers Venture, at their cap table.

What is the Platform (La Plaza)?

• For startups, the Platform (or as startups call it: "La Plaza") is a space where they can apply to the Quickers Incubation Program (QIP) to receive funding, IT support, networking and operational resources.
• For selected investors, the platform is a space where they can apply to join our community and, once accepted, invest seamlessly from our curated deal flow. It is accessible via the web or our app. Investors apply on the Platform in order to join our community. Once accepted, our investors choose exactly which start-up they’d like to invest in and we take care of the entire process – market analysis, due diligence, terms negotiation, and dedicated vehicle creation, which is where they invest. For investors, this means easily diversifying their portfolio and investing seamlessly.

Our Platform takes the best out of equity crowdfunding platforms and venture funds. Just as VCs do, we take care of everything from due diligence to terms negotiation, vetting our highly selective deal flow. But, unlike other VCs, our model is open and flexible – investors choose exactly which start-up they want to back.

How do I access the Platform?

Our Platform is available on iOS or Android as a mobile app, and can also be accessed through our website. Click join or login at the top, right-hand corner of this page.

What exactly is the La Plaza?

La Plaza is the digital ecosystem that we have built in-house to help entrepreneurs in their full journey to success. Through our team and community, our Studio provides 360 engineering business design and operational resources. We advise on UX/UI, backend infrastructure, architecture, growth hacking, business development, design, HR, legal, product and tech…and much more!

What is the Advisory?

Our Advisory is that section of Quickers Venture dedicated to advising corporates in their digital transformations. This generally means working with corporates on partnerships with start-ups, or on acquisition. This is beneficial not just for corporates but for our start-ups too, who we can also support in their acquisition, or even IPO, as well as on late-stage funding rounds with those corporates. We do this because of our close links with corporates and to unlock opportunities both for them and our start-ups.

INVESTORS

How do investors join our Club?

Head to our Platform under “investor” login  to apply and join our investor club.

What’s the criteria to join our investor community?

Just accredited or qualified investors can join Quickers. As we are based in Europe, investors must fulfill their own country’s requirements in terms of accreditation, and the European requirements too.

We look for the best investors that match Startups criteria and needs; we take into consideration the investor’s ability to support, mentor or guide the startups in specific industries because they really need to help as Angels making the difference. A Quickers Investor is:

• A successful individual with strong interest and capability in making private equity investments
• A trusted, honest, and respected member of our business community
• A contributor of time, wisdom and expertise to our funded companies and soon-to-be-funded companies
• A person who enjoys building relationships with other members and companies we fund
• A person who believes in building Quickers entrepreneur community through charitable and social activities

What is the investment process for investors?

1. Sign Up on Quickers.com
2. Fulfill your Investor Information and apply
3. If you meet our investor and community criteria, you will gain privileged access to Quickers platform where investment opportunities are available for you
4. Select your best investment and commit. Once you have committed an amount to invest, we pool it together with Quickers and other investors behind a common vehicle.
5. We monitor the start-up and help it grow thanks to the guidance of our Studio and network– including operational support, connections, and business development. Furthermore, our Advisory services facilitate follow on rounds and acquisition.
6. We match investors and start-ups with common interests and complementary skills and connections.

How does Quickers manages the investment process for investors?

Our process is fully digitalized, from filling in their KYC (Know Your Customer) to sign all documents electronically. The platform allows you to keep your portfolio documentation in one place and follow the reporting of the investments

We take care of all the start-up sourcing and analysis, and complete due diligences in all areas including business, technology, legal and human. Then we negotiate all the terms such as board positions, liquidation rights, anti-dilution rights, pre-emption rights and paripassu (which are normally inaccessible to individual investors).

What is our investment Deal Criteria?

We invest in European early-stage and specifically, in Green, Tech and Social start-ups. Read more about our investment thesis here, and what we look for in a team of founders, here.

What are the different ways to invest with Quickers?

There are 2 different ways to invest with Quickers:

1. Private Equity – Fund Companies in exchange for shares
   • Select from our pre-vetted Ventures and invest into a dedicated vehicle to gain proprietary rights on the company
   • Read the general information and details of the Startup
   • Read professional due diligence material for each company before committing
   • Invest seamlessly online through a quick, fully digitalized process
      
2. Private Debt – Fund the projects of the companies in exchange for interest rate
   • Select from our pre-vetted Projects and invest in a dedicated contract with an interest rate and time span
   • Read the general information and details of the Startup
   • Read professional due diligence material for each company before committing
   • Invest seamlessly online through a quick, fully digitalized process

What are our fees for investors?

We have fees in order to cover our activity and all of the extensive due diligence, legal and analytical work that we complete. We don’t take any fees from start-ups unlike many equity crowdfunding platforms do, and that is part of why entrepreneurs like us.

Legal Fees:

• Free fees for legal, entry and exit are taken care of by Quickers

Entry Fees:

• 2% for a commitment > €150k
• 3% for a commitment between €50k and €150k
• 4% for a commitment below €50k

Management fees:

• 2% per year for 4 years if an exit has not occurred

Performance Fees:

• Performance fees of 20% on the capital gains.

How much does Quickers usually invest per company?

We typically invest between €50k and €300k

Does Quickers, invests too?

Yes, Quickers participates in every round. We fully believe in our start-ups and have a vested interest to make sure we’ve secured a fantastic opportunity for us and our investors partners.

How do Quickers find start-ups?

We are voraciously proactive in sourcing start-ups, using a mixture of traditional and innovative means to find them. We receive applications via our Platform for analysis, recommendations from our community (investors, entrepreneurs and more) for start-ups we should check out and have also fostered close partnerships with tech programmes, accelerators and communities to keep a finger on the pulse of exciting new projects. And, of course, we use the old-school method – networking, setting up meetings and heading across Europe to physically search for the best.

What’s our selection process?

We see around 500 start-ups every year – so we have to be picky about who we agree to fund as we select less than 1%!.  We look first and foremost at the team exceptional entrepreneurs who we trust and with whom we share the same values. Then we carefully review every aspect of their business, completing tech, financial, IP, and legal due diligence. To do this, we leverage the Quickers team, the Quickers investors and entrepreneurs, and the very best external experts. What’s more, thanks to our in-house technical team, we are also able to complete all of our own technical due diligence – we get right to the core of a start-up’s product and technology.

How can investors track and follow their investments?

With our Platform, investors track and follow their investment 24h/7d, receiving reports on the progress of their start-up every quarter. We also organize regular events with our start-ups and entrepreneurs and keep our investors in the loop with all the top events in the ecosystem.

Why do we pool investors in an SPV?

When investors decide to invest in a start-up, we’ll pool their funds with the other investors’ funds in an investment vehicle. So, they won’t technically invest directly in the start-up, we do it for them. We do it this way to avoid making the cap table of our investments too crowded and enable investors to benefit from our negotiated terms. As such, investors don’t have to interact with the start-up they invest in if they don’t want to. However, we do our best to match investors and start-ups along with common interests, leveraging complementary skills and connections.

How does interaction between investors and start-ups happen?

Our main objective is to empower exceptional entrepreneurs to succeed, and we know that matching them with the best investors out there is crucial in achieving that. Thus, we encourage our investors to be mentors and to support the start-up they invest in, but it is not compulsory. Our investors can be involved as much or as little as they want.

When can investors withdraw their funds?

Once investors commit, they’ll be involved until the exit, which can be the acquisition of the company, the buy-out of shares in the following round, or IPO. That’s the magic of investment, investing in start-ups is a risky business and sometimes returns are long term. We produce returns on the investment when the start-up exits. Investors will be able to withdraw their funds then. However, it’s important to bear in mind that this may take time, and it isn’t guaranteed. Nevertheless, we favor exits in a 4 to 5-year timeframe.

Can investors change the term sheet if they don’t like it?

We negotiate our term sheets with the start-ups before making them available for investment on our platform, so it’s not possible to change them. However, we ensure that we negotiate our terms to make them favorable to both start-ups and investors, including board seats, liquidation rights, pari-passu, and more.

Non-Disclosure Agreement

between

Quickers Venture S.L.(“Quickers”), C/ Bélgica 36, Gran Alacant, Alicante, Spain, UE

and

the "Potential Investo​r."

The Potential Investor is interested in subscribing for an interest in one or more startups offered on the Quickers platform (each a “Quickers Startup”) managed by a general partner affiliated with Quickers (the “General Partner” ). Each such Quickers Startup intends to invest in one or more target portfolio startups (the “​Target Startups”). In connection with the evaluation of such potential subscription (the “Subscription”), the Potential Investor wishes to obtain certain Confidential Information (as defined below) with respect to, inter alia, the General Partner, the Quickers Startup, the Target Startups and their affiliates (the “Permitted Use”). 

1. The term “Confidential Information” means any and all business, financial, technical and non-technical information provided by Quickers, Quickers affiliates and/or subsidiaries, the General Partner or their affiliates to the Potential Investor, which may include without limitation information regarding: (a) Quickers; (b) the Quickers Startups; (c) the Target Startups; and (d) all other information that the Potential Investor knew, or reasonably should have known, was the Confidential Information of Quickers, the General Partner, a Quickers Startup or a Target Startup. 

2. Subject to clause 3, the Potential Investor agrees that at all times and notwithstanding any termination or expiration of this Agreement it will hold in strict confidence and not disclose to any third party any Confidential Information, except as approved in writing by Quickers, and will use the Confidential Information for no purpose other than the Permitted Use. The Potential Investor agrees to apply the same security measures and degree of care to the Confidential Information as the Potential Investor applies to its own confidential information, which the Potential Investor warrants as providing adequate protection from unauthorized disclosure, copying or use. The Potential Investor will limit access to the Confidential Information to those of its employees or authorized representatives who have a need to know the Confidential Information for the Permitted Use and who have signed confidentiality agreements containing, or are otherwise bound by, confidentiality obligations at least as restrictive as those contained herein. 

3. The Potential Investor will not have any obligations under this Agreement with respect to any Confidential Information which: 

1. (a)  at the time of its disclosure was in the public domain; 
2. (b)  after disclosure came into the public domain for a reason except the failure of the 

Potential Investor to comply with the terms of this Agreement; 

(c) was lawfully in the Potential Investor’s possession prior to such disclosure; 1 

(d) was subsequently communicated to the Potential Investor from a third party without obligations of confidentiality; or 

(e) was developed by employees or agents of the Potential Investor who had no access to any Confidential Information. 

4. Notwithstanding the above, the Potential Investor may disclose certain Confidential Information, without breaching the terms of this Agreement, to the extent such disclosure is required by a valid order of a court or other governmental body having jurisdiction, provided that the Potential Investor provides Quickers with reasonable prior written notice of such disclosure and makes a reasonable effort to obtain, or to assist Quickers in obtaining, a protective order preventing or limiting the disclosure and/or requiring that the Confidential Information so disclosed be used only for the purposes for which the law or regulation required, or for which the order was issued. 

5. The Potential Investor will immediately notify Quickers in the event of any loss or unauthorised disclosure of any Confidential Information. 

6. Confidential Information is and shall remain the sole property of Quickers or the respective private equity startup manager, as applicable. The Potential Investor recognises and agrees that nothing contained in this Agreement will be construed as granting any property rights, by license or otherwise, to any Confidential Information disclosed under this Agreement, or to any invention or any patent, copyright, trademark, or other intellectual property right that has issued or that may issue, based on such Confidential Information. 

7. Confidential Information will not be reproduced in any form except as required to fulfill the purpose of this Agreement. Any reproduction of any Confidential Information will remain the property of Quickers and will contain any and all confidential or proprietary notices that appear on the original, unless otherwise authorized in writing by Quickers. 

8. This Agreement will terminate upon closure of the Potential Investor’s account on the Quickers platform. The Potential Investor’s obligations under this Agreement will survive termination of this Agreement and will be binding upon the Potential Investor’s successors and assigns. The Potential Investor’s obligations with respect to all Confidential Information will terminate only pursuant to clause 4. 

9. If a contract is executed between the General Partner and the Potential Investor in relation to the completion of a particular Subscription, any undertakings and obligations contained in that contract will supersede this Agreement with regard to that particular Subscription unless otherwise provided in that other contract. For the avoidance of doubt, this Agreement will remain in effect with regard to other potential Subscriptions of the Potential Investor. 

10. The Potential Investor acknowledges that: (a) he or she is solely responsible for the evaluation of the Subscription and the business and financial information relating to a Quickers Startup and a Target Startup; (b) the Confidential Information supplied does not imply a representation, warranty or guarantee (express or implied) as to its accuracy and completeness; (c) the Confidential Information supplied in no way constitutes an offer for Subscription; and (d) the Confidential Information may not be relied on for any purpose. 

11. This Agreement shall be governed by, and construed in accordance with, the laws of the Kingdom of Spain, without regard to principles of conflicts of laws. To the extent legally permissible, the courts of Alicante (Spain, UE) shall have exclusive jurisdiction to settle any disputes arising under or in connection with this Agreement. Notwithstanding the foregoing, if a Target Startup initiates a legal proceeding to enforce any portion of this Agreement relevant to it, the laws of the country where the 

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general partner of such Target Startup is domiciled shall govern this Agreement in such instance, without regard to such country’s principles of conflicts of laws. 

12. If any provision of this Agreement is found by a proper authority to be unenforceable or invalid, such unenforceability or invalidity will not render this Agreement unenforceable or invalid as a whole and, in such event, such provision will be changed and interpreted so as to best accomplish the objectives of such unenforceable or invalid provision within the limits of applicable law or applicable court decisions. Any waiver or failure to enforce any provision of this Agreement on one occasion will not be deemed a waiver of any other provision or of such provision on any other occasion. 

13. The Potential Investor will not assign, sub-contract or deal in any way with any of its rights or obligations under this Agreement without the prior written consent of Quickers. 

14. Each of the Quickers Startup, the General Partner, and the Target Startup are specifically included herein as an intended third party beneficiary of this Agreement with authority to enforce any portion relevant to it. 

15. This Agreement shall be governed by, and construed in accordance with, the laws of the Kingdom of Spain, without regard to principles of conflicts of laws. To the extent legally permissible, the courts of Alicante (Spain, UE) shall have exclusive jurisdiction to settle any disputes arising under or in connection with this Agreement. Notwithstanding the foregoing, if a Target Startup or its general partner initiates a legal proceeding to enforce any portion of this Agreement relevant to it, the laws of the country where the general partner of such Target Startup is domiciled shall govern this Agreement in that instance, without regard to such country’s principles of conflicts of laws. 

16. This Agreement constitutes the entire agreement between Quickers and the Potential Investor and supersedes and extinguishes all previous drafts, agreements, arrangements and understandings between them, whether written or oral, relating to its subject matter. Each party agrees that it shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this Agreement. Each party agrees that it shall have no claim for innocent or negligent misrepresentation based on any statement in this Agreement. 

17. No modification of or amendment to this Agreement will be effective unless agreed upon in writing by Quickers and the Potential Investor. 

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An Anti-Money Laundering (AML) check is an identity assessment to ensure all investors are who they claim to be, and are not investing on behalf of somebody else. In most cases, these checks will be completed in the background using electoral data. However, if you are making your first investment through Quickers we may require a copy of two documents, one to confirm your identity and one to confirm your address. We will send you an email asking for these, which includes details on what kind of documents we can accept, and a link to upload these. Please note if we are unable to verify your identity as an investor, we will not be able to process your investment and it may be canceled as a result. Once your identity has been verified we will contact you once a year to re-confirm documents.

Under the regulations set by the Financial Conduct Authority (FCA) or the Comisión Nacional del Mercado de Valores (CNMV), Quickers is required to provide appropriate identity evidence for investors when transactions take place. This is to prove that all investors seeking to invest in a business via Quickers are who they say they are, no matter how small or large the investment.

Documents we cannot accept include, but are not limited to, provisional driving licenses, mobile phone bills, and credit card statements.

Please see a list of accepted documents below:

1: Photo ID:

•             Current signed passport
•             Original birth certificate
•             EEA member state identity card
•             Current UK or EEA photo card driving license [not provisional and only if not used for proof of address]
•             National identity card bearing a photograph

2: Proof of address:

•             Full driver’s license [not provisional and only if not used for ID]
•             Utility bills issued within the last three months
•             Council tax bill issued within the last three months
•             Bank, building society, or credit union statement issued within the last three months
•             Electoral register entry
•             NHS medical card       
•             Original mortgage statement from a recognized lender issued for the last full year
•             Solicitor's letter confirming completed recent house purchase or land registry confirmation of address
•             Council or housing association rent card or tenancy agreement for the current year
•             Inland Revenue self-assessment or tax demand