Imprint

Information according to Article 14 Corporate Code (Unternehmensgesetzbuch), Article 5 Para. 1 E-Commerce Act (E-Commerce-Gesetz) and disclosure according to Article 25 Media Act (Mediengesetz).

This website is operated by Speedinvest GmbH, Praterstraße 1, 1020 Vienna, Austria and is designed to provide information about the company, investment funds, securities, capital markets and investments.

The content of this website is solely for informational purposes and may not be construed as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer (or an invitation to offer) to buy or sell any shares or other rights in any Speedinvest alternative investment fund. While every effort has been made to ensure the accuracy, topicality and completeness of the content of this website, to the extent legally permissible, no guarantee is given and neither Speedinvest nor any of its affiliates can be held liable for any information contained herein. In particular, the content hereof is subject to further assessment and updating.

Published by / media owner / Company Name:
Speedinvest GmbH
Limited Liability Company

Contact details:
Praterstraße 1 / 3rd floor, space 37A-1020 Vienna
Tel: +43 660 776 1109
Email: office@speedinvest.com
Website: www.speedinvest.com

Commercial Register Court:
Commercial Court Vienna
Commercial Register Number: FN 363581 d
Based in: Political municipality Vienna
VAT-Number: ATU66805415

Object of the Company:
Administration and management of companies and businesses; Administration and management of alternative investment funds (“AIF”), in particular in the form of European Venture Capital Funds (“EuVECA Funds”):

Speedinvest GmbH is registered as an Alternative Investment Fund Manager pursuant to Article 1 Para. 5 Austrian Alternative Investment Fund Managers Act (AIFMG) and as EuVECA Fund Manager pursuant to Regulation (EU) No 345/2013 on European Venture Capital Funds.

Managing Directors:
Mag. Oliver HOLLE
Daniel KEIPER-KNORR, lic rer pol.
MMag Michael SCHUSTER

Supervisory authority in Austria:
Financial Market Authority (FMA)
Securities Supervision
Otto-Wagner-Platz 5A-1090 Vienna
Website: www.fma.gv.at

Shareholders:
Mag. Oliver HOLLE (74,9 %)
Daniel KEIPER-KNORR, lic rer pol. (25,1%)

No items found.

Imprint

Information according to Article 14 Corporate Code (Unternehmensgesetzbuch), Article 5 Para. 1 E-Commerce Act (E-Commerce-Gesetz) and disclosure according to Article 25 Media Act (Mediengesetz).

This website is operated by Speedinvest GmbH, Praterstraße 1, 1020 Vienna, Austria and is designed to provide information about the company, investment funds, securities, capital markets and investments.

The content of this website is solely for informational purposes and may not be construed as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer (or an invitation to offer) to buy or sell any shares or other rights in any Speedinvest alternative investment fund. While every effort has been made to ensure the accuracy, topicality and completeness of the content of this website, to the extent legally permissible, no guarantee is given and neither Speedinvest nor any of its affiliates can be held liable for any information contained herein. In particular, the content hereof is subject to further assessment and updating.

Published by / media owner / Company Name:
Speedinvest GmbH
Limited Liability Company

Contact details:
Praterstraße 1 / 3rd floor, space 37A-1020 Vienna
Tel: +43 660 776 1109
Email: office@speedinvest.com
Website: www.speedinvest.com

Commercial Register Court:
Commercial Court Vienna
Commercial Register Number: FN 363581 d
Based in: Political municipality Vienna
VAT-Number: ATU66805415

Object of the Company:
Administration and management of companies and businesses; Administration and management of alternative investment funds (“AIF”), in particular in the form of European Venture Capital Funds (“EuVECA Funds”):

Speedinvest GmbH is registered as an Alternative Investment Fund Manager pursuant to Article 1 Para. 5 Austrian Alternative Investment Fund Managers Act (AIFMG) and as EuVECA Fund Manager pursuant to Regulation (EU) No 345/2013 on European Venture Capital Funds.

Managing Directors:
Mag. Oliver HOLLE
Daniel KEIPER-KNORR, lic rer pol.
MMag Michael SCHUSTER

Supervisory authority in Austria:
Financial Market Authority (FMA)
Securities Supervision
Otto-Wagner-Platz 5A-1090 Vienna
Website: www.fma.gv.at

Shareholders:
Mag. Oliver HOLLE (74,9 %)
Daniel KEIPER-KNORR, lic rer pol. (25,1%)

Sustainability Risks

Speedinvest GmbH (“Speedinvest”) considers sustainability risks as part of its investment decision-making process. Sustainability risks are environmental, social or governance events or conditions, the occurrence of which could have an actual or potential material adverse effect on the value of the investment. Speedinvest considers sustainability risks as part of the due diligence process prior to any investment. This also includes an assessment of sustainability risks. Such assessment is being conducted using a questionnaire. The results of such assessment are taken into account when the investment decision is being taken. Speedinvest remains free in its decision to refrain from investing or to invest despite sustainability risks in which case Speedinvest can also apply measures to reduce or mitigate any sustainability risks. At all times, Speedinvest will apply the principle of proportionality taking due account of the strategic relevance of an investment as well as its transactional context.

Principal adverse sustainability impacts statement 

Summary 

Speedinvest considers principal adverse impacts of its investment decisions on sustainability factors before and after investments. Sustainability factors mean environmental, social and employee concerns, respect for human rights and the fight against corruption and bribery. No sustainability indicators are currently used. Speedinvest collects information regarding principal adverse impacts from portfolio companies using a questionnaire prior to the investment as well as on an ongoing basis. This principal adverse impact statement dates as of 10 March 2021.

Description of principal adverse sustainability impacts 

Speedinvest has not identified any adverse sustainability impacts related to its investments to date.

Description of policies to identify and prioritise principal adverse sustainability impacts

Prior to any investment, Speedinvest conducts due diligence. Part of this due diligence includes checking whether the investment could have a negative impact on sustainability factors. This check is performed using a checklist. The necessary information is obtained from the respective portfolio company. After an investment, i.e., during the holding period, a check is carried out at regular intervals to determine whether there have been or could be any adverse effects on sustainability factors. This review is carried out annually based on a checklist. In addition, the portfolio companies are expected to notify Speedinvest in writing on an ad hoc basis if any adverse effects on sustainability factors become apparent. If adverse effects on sustainability factors are identified before or after an investment, they are taken into account in light of the circumstances of the individual case, in particular considering other impacts of the investment, its size, strategic importance and transactional context.

Engagement policies

Speedinvest decides at its sole discretion whether or not to make an investment in light of principal adverse impacts on sustainability factors, and Speedinvest may apply risk mitigation measures where appropriate. Speedinvest organizes an onboarding session for each portfolio company it invests in. During such onboarding sessing Speedinvest discusses with and explains to the management of those portfolio companies how they can incorporate and implement consideration of adverse impacts into their daily operations.

References to international standards

Speedinvest is not a member of any international bodies, organizations or required by any national or international convention or standard to comply with any further requirements.

Sustainability-related disclosures


Speedinvest III EuVECA GmbH & Co. KG


Summary


Speedinvest III EuVECA GmbH & Co. KG (the “Fund”) incorporates ESG principles within its investment processes and within its monitoring processes. 


No sustainable investment objective

Sustainable investment is not an objective of the Fund.


Environmental or social characteristics of the financial product

The Fund does not invest, guarantee or otherwise provide financial or other support, directly or indirectly, to companies, including portfolio companies, or other entities whose business activity consists of:

  • Tobacco
  • Distilled alcohol
  • Weapons and ammunition
  • Casinos and equivalent enterprises
  • Specific electronic data programs or solutions relating to the aforementioned activities or pornography

Investment Strategy

The Fund invests in early stage, i.e. pre-seed, seed and series A rounds, portfolio companies from all sectors with innovation capacity and growth potential with a focus on investments in emerging technologies.

Proportion of investments 

The Fund does not invest a fixed percentage in portfolio companies aligned with environmental and/or social characteristics. The Fund will invest fully in line with its investment strategy. No portion of the Fund’s capital will be allocated to other asset classes.

Monitoring of environmental or social characteristics

Speedinvest monitors for the Fund ESG compliance on an ongoing basis. On an annual basis, Speedinvest provides its portfolio companies with a questionnaire to assess any potential or existing adverse sustainability impacts. Speedinvest carefully reviews such completed questionnaires upon receipt. Furthermore, Speedinvest will apply best efforts when negotiating an investment into a portfolio company, to reach a side letter agreement requiring the portfolio company to notify Speedinvest in writing on an ad hoc basis if any adverse effects on sustainability factors become apparent. In such cases, Speedinvest reviews all information provided ad hoc by the portfolio companies and determines in its sole discretion whether any actions need to be taken to address any potential or existing adverse impacts.


Methodologies

Currently, the methodologies applied comprise of collecting information via a questionnaire from the portfolio companies either prior to the investment, i.e. within the due diligence process, or following the investment. Additionally, Speedinvest will apply best efforts when negotiating an investment into a portfolio company, to reach a side letter agreement requiring the portfolio company to notify Speedinvest in writing on an ad hoc basis if any adverse effects on sustainability factors become apparent. There is currently no quantitative measurement with regard to environmental or social characteristics and no sustainability indicators are currently used. 


Data sources and processing 

The questionnaire is completed by the portfolio company. Further research and investigation by Speedinvest is not being conducted regularly. 


Limitations to methodologies and data

The information collected via the questionnaire as part of Speedinvest’s due diligence on behalf of the Fund is externally verified only if and to the extent misrepresentations are suspected. Thus, it cannot be ruled out completely that false information may remain undetected in certain cases. As the Fund’s investment is made for several years, Speedinvest considers it a priority to establish and maintain a trust within a good working relationship with the portfolio company as a safeguard in light of the limitations described in this section.


Due diligence

Initially, the assessment of how the Fund’s investment in the portfolio company relates to the environmental or social characteristics mentioned above is carried out as part of the due diligence process using a questionnaire. Via the questionnaire, qualitative statements of an environmental or social nature or relating to corporate governance are requested from the portfolio companies and then taken into account in the investment decision-making process. The findings relating to the environmental or social or governance aspects are non-binding and being considered in light of all circumstances including the size of the investment, its strategic importance, its envisaged trajectory as well as the transactional context.


Engagement policies

Should Speedinvest on behalf of the Fund determine any potential issues relating the environmental or social characteristics, it will engage the portfolio company’s manager in discussions (e.g. in board meetings) with a view to resolving, reducing or mitigating such effects, provided that such efforts will always remain within a scope considered by Speedinvest in its absolute discretion to be proportionate in light of the size and strategic importance of the respective investment in the portfolio companies and shall take into account the respective bargaining positions and transactional context. 

Speedinvest II Co-Invest EuVECA GmbH & Co. KG 

The disclosure relating to Speedinvest III EuVECA GmbH & Co. KG applies accordingly to Speedinvest II Co-Invest EuVECA GmbH & Co. KG with the exception that the investment strategy of Speedinvest II Co-Invest EuVECA GmbH & Co. KG differs from that of Speedinvest III EuVECA GmbH & Co. KG and that the catalogue under “Environmental or social characteristics of the financial product” does not include tobacco and distilled alcohol. The investment strategy of Speedinvest II Co-Invest EuVECA GmbH & Co. KG may be summarized as being targeted at growth stage investments alongside Speedinvest II EuVECA GmbH & Co. KG.

Speedinvest X II EuVECA GmbH & Co. KG 

The disclosure relating to Speedinvest III EuVECA GmbH & Co. KG applies accordingly to Speedinvest X II GmbH & Co. KG with the exception that the investment strategy of Speedinvest X II GmbH & Co. KG differs from that of Speedinvest III EuVECA GmbH & Co. KG. The investment strategy of Speedinvest X II EuVECA GmbH & Co. KG may be summarized as being targeted at investments in European portfolio companies pursuing digital business models.”


Information Pursuant to PRIIPS Regulation

Please find below key information documents pursuant to Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs).

KIDs for Speedinvest x II EuVECA GmbH & Co KG:


English (click to download)


German (click to download)

Privacy & Cookie Policy

Please note, the below information is in accordance with Article 13 GDPR. For all inquiries concerning the protection of your personal data, and the corresponding information provided below, please contact Speedinvest GmbH via email at office@speedinvest.com.

1. Who we are and how we respect your privacy

Welcome to https://www.speedinvest.com, the website of Speedinvest GmbH, Praterstraße 1, 1020 Wien, Austria   (FN 363581d) (“Speedinvest,” “we,” “us” and “our” etc.)

We are a venture capital firm and an alternative investment fund manager. For additional information please visit https://www.speedinvest.com. We respect the privacy of the users of our website (“you”, “your”) and are committed to protecting your personal data and information according to the applicable law. For this reason, your data will be used exclusively on the basis of the applicable legal provisions, in particular the National Data Protection Act (DSG), the General Data Protection Regulation (GDPR) as well as the Federal Act enacting the Telecommunications Act (TKG 2003).

This privacy policy (“Policy”) explains how, to what extent and for what purposes we are collecting and subsequently processing personal data and information through our website. Speedinvest is the responsible entity (“controller”) for the processing of your personal data and information on this website.

2. Definitions

“Personal Information” means any information that either (a) personally identifies a natural person; or (b) pertains to an identifiable natural person, i.e. someone who can be identified, directly or indirectly, in particular, by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to his or her physical, physiological, genetic, mental, economic, cultural or social identity, or (c) constitutes individually identifiable information about an individual consumer collected by us online through this website and that we maintain in an accessible form, or that (d) we are otherwise required to protect under applicable data privacy laws (including, but not limited to, national, international and supranational data protection and privacy laws, directives, regulations and comparable legal acts).

Examples of Personal Information include your contact details such as your name, email address, birthday or phone number as well as information about your professional education and experience, skills, preferences, membership in professional organizations, etc.;

“Processing” means any operation or set of operations which is performed on Personal Information or on sets of Personal Information, whether or not by automated means, such as the collection, recording, organization, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, blocking, restriction, erasure or destruction;

“Sensitive Personal Information” means Personal Information revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, and the Processing of genetic data, biometric data for the purpose of uniquely identifying a natural person, data concerning health or data concerning a natural person’s sex life or sexual orientation;

“Site” means / and all web pages hosted at that domain.

3. Processing of your personal information

We process personal data for the purposes of the performance of our (pre-) contractual duties (art 6 para 1 point b GDPR; e.g. in case we provide any information to you upon your request) according to our contractual relationship with you or for the purposes of our legitimate interests (e.g. operation, analysis and improvement of our website, cookies).

You have the right to object to the processing of your personal data based on our legitimate interests with effect for future processing activities (see under Section 5 “Your rights”). Depending on your interaction with the Site, the following Personal Information is processed by us for the purposes as set out in the following:

3.1. Marketing activities

Our website provides you with the possibility to submit information regarding you and your company to us. We will process your personal data (name, address, e-mail-address) in order to provide you with alerts and information about news and developments as well as articles from experts and invitations to events of Speedinvest, in case you have expressed your interest in such information.

3.2. Cookies

Our Site makes use of cookies. Cookies are small text files downloaded by your Internet browser and stored on the device you use to access the Site (e.g., your desktop computer, tablet or smartphone). Depending on their purpose, cookies log specific user-related information such as your user preferences, authentication information, security parameters, data concerning the device you access the Site with and statistical information regarding your use of the Site.

Where necessary during your visit of the Site or when revisiting the Site, your Internet browser transmits the cookies including the contained information back to the servers they were initially downloaded from. The analysis and Processing of such information allows us to ensure the functionality of the Site, improve your online experience and optimize the structure and content of the Site. The cookies we use can be categorized as follows:

Session Cookies:
These are cookies that allow our Site to collect information about what you do during a browsing session each time you visit the Site. When connecting to our server, your device will be allocated a session ID, which enables our server to identify your device during the session and facilitates Site usability. These cookies are temporary and are set to be deleted when you leave the Site;

Persistent Cookies:
These are cookies that are stored by your Internet browser for more than a session and are set to expire within a defined time period. Persistent cookies enable us to remember your settings and information, so you do not have to keep re-entering them whenever you visit our Site. They also measure how you use and interact with the Site and enable us to personalize the Site. For example, they may allow us to alter the rotation of images on the Site so that different images will be displayed on your next visit;

First-Party Cookies:
These are cookies that we store and access on your device in our capacity as controller of your Personal Information when you visit our Site. They might include cookies related to third-party service providers, provided that we control and determine the purposes and means of the Processing of your Personal Information logged by such cookies. As a result, first-party cookies might log user-related Personal Information accessible to and Processed by third parties on our behalf and subject to our instructions.

Third-Party Cookies:
These are cookies that are stored and accessed on your device by third parties determining the purposes and means of the Processing of your Personal Information logged by such cookies.You may influence the scope and extent to which we use cookies when you visit our Site. In particular, you may prevent cookies from being stored on your device by adjusting the respective settings on your Internet browser.

For more information on how to do so in the settings of your particular Internet browser, please see the following information:

Internet Explorer: https://privacy.microsoft.com/en-us/internet-explorer-ie11-preview-privacy-statement
Chrome: https://www.google.com/intl/en/chrome/browser/privacy/
Firefox: https://support.mozilla.org/en-US/products/firefox/protect-your-privacy
Safari: http://www.apple.com/privacy/manage-your-privacy/

However, please be aware that this might render certain functions of our Site inoperable or more difficult to use. Depending on the Internet browser you use, you might also be able to specifically reject third-party cookies. In this context, please note, however, that third parties might still have access to your Personal Information to the extent that such information is logged by first-party cookies.

For additional information on first-party and third-party cookies used on our Site in the context of third-party services and for information on how you might stop such cookies from being stored on your device, please see “Third-Party Services” below.

3.3. Third-Party Services

On our Site, we might or will use the following services provided by third parties:

Google Analytics
We use Google Analytics. This is a service by Google Ireland Limited (“Google”), Gordon House, Barrow Street, Dublin 4, Ireland. Google uses “Cookies”. Cookies are text files which will be stored on your computer and which enable us to analyze your use of our website applications.

The information about your use of our website (including your IP-address) generated by the Cookie will be transferred to a Google server in the USA and stored on this server. Google will use this information to analyze how you use our website and generate reports on the activities on our website for us in order to perform other services related to the use of our website and the use of the internet.

Third party service providers, including Google, will generate advertisements on websites. Third party service providers, including Google, use stored Cookies in order to generate advertisements based on the prior visits of our website by a user. Google will transfer this information to third parties, if Google is legally obligated to do so or as far as third parties process this personal data on behalf of Google.

Under no circumstances will Google connect your IP-address with other data owned by Google.You can prevent the setting of cookies by adjusting the settings on your browser (see your browser help menu for how to do this). Please be aware that disabling cookies will affect the functionality of this websites and that you might not be able to use all functionalities of our website when disabling Cookies.

You can prevent the use of Cookies by Google by switching to the Disabling Advertisement Website by Google (http://www.google.com/privacy_ads.html). You may also deactivate the use of Cookies by third party service providers by clicking on the deactivation website by network advertising: http://www.networkadvertising.org/managing/opt_out.asp

Our website uses Google Analytics with the “anonymizeIP” extension. All IP-addresses will be anonymized, excluding any personal references.

Cloudflare
Our Site uses a java-script code of CloudFlare, Inc 665 3rd St. 200, San Francisco, CA 94107, USA. In case java-script is active with your browser and you have not installed a java-script blocking application, your browser may collect and transmit personal information to Cloudflare.

Cloudflare provides web optimization and security services that use to improve and protect websites, including a reverse proxy, pass-through security service, and a content distribution network. Because Cloudflare is a reverse proxy, the IP addresses of Cloudflare may appear in WHOIS and DNS records for websites using the Services of Cloudflare. Speedinvest transmits personal data across the Cloudflare network.

In order to block the use of java-script, you may install a java-scipt-blocking application (such as www.noscript.net). More information is available under: https://www.cloudflare.com/privacypolicy/.

Youtube
Our websites regularly provides content from YouTube. YouTube is an internet video portal of YouTube, LLC, 901 Cherry Ave., San Bruno, CA 94066, USA. YouTube, LLC is a subsidiary of Google Inc. On YouTube, users can post videos that other users can view, rate, or comment on.

When you visit any of our sites hosting content from YouTube, your browser is automatically caused by the respective YouTube component to download the corresponding YouTube component of YouTube, giving YouTube and Google an understanding of what specific page you are visiting. This information is collected through YouTube and Google and, if you are logged in to YouTube, associated with your YouTube account. This happens regardless of whether you click on a YouTube video on our pages or not.

If you wish to prevent such information from being transmitted to YouTube and Google, you must log out of your YouTube account before visiting our website. YouTube’s privacy policy is available at https://www.google.com/intl/en/policies/privacy/.

4. Data Security and Transfer of Data

We transfer personal data to third parties such as:

Host providers: Hetzner Online GmbH, Germany
Newsletter mailing: Rocket Science Group LLC d/b/a MailChimp, USA
Contact forms: Google LLC, USA; F Stack Ltd, England;
Typeform: S.L., Spain;

We will make sure that your personal data is transferred on the basis of Standard Contractual Clauses (as of today: 2010/87/EC and/or 2004/915/EC), if the above-mentioned recipients of your personal data are seated outside CEE and if the Commission has not decided that there is an adequate level of data protection in place in the country where the recipient of your personal data is seated or otherwise in accordance with Articles 46, 47 or 49 GDPR.

Furthermore, service providers (processors) will receive your personal data from us in order to render their respective services (e.g. IT-service providers). All service providers are contractually obligated to keep your personal data confidential and may use your personal data only on our behalf and in line with our instructions.We therefore comply with the provisions of Article 32 DSGVO in order to guarantee the confidentiality and security of your personal data and take appropriate technical and organisational security measures.

Notwithstanding efforts to maintain a consistently high level of due diligence, the possibility cannot be excluded that information that you provide to us via the Internet may be viewed and used by others. Please note that we therefore accept no liability whatsoever for the disclosure of information due to errors in data transmission and/or unauthorized access by third parties not caused by us (e.g. hacker attack on email accounts or telephone, interception of faxes).

5. Your rights

Right to information
As long as we process your Personal Information, you have the right to information about the purposes of Processing, the categories of personal data, the origin and the recipients of your personal data, the duration of storage. Your right to information might be subject to our professional duty of confidentiality.

Rectification and erasure of data
If we process inaccurate or incomplete Personal Information, you have the right to rectification of such data. If your Personal Information is processed unlawfully, you may also request us to erase your Personal Information. You may also request the erasure of your Personal Information if your data is processed unlawfully, subject to legal obligations preventing the erasure of your personal data.

Limitation of processing
You may request us to limit the processing of your Personal Information in certain cases.

Data portability
You have the right to receive the Personal Information, which you have provided to us, in a structured, commonly used and machine-readable format. You have the right to direct transmission of those data to another controller as far as this is technically feasible.

Right to object
You have the right to object, on grounds relating to your particular situation, at any time to processing of Personal Information concerning you which is based on our legitimate interests according to art 6 para 1 point f GDPR. If you object to processing of your Personal Information we shall cease to process this data unless our legitimate interests to processing your Personal Information prevail. Where Personal Information are processed for direct marketing purposes, you shall have the right to object at any time to processing of Personal Information concerning you. In this case we will cease the processing or your Personal Information for marketing purposes immediately.

Complaint
You have the right to lodge a complaint with the Austrian Data Protection Authority (Österreichische Datenschutzbehörde), Wickenburggasse 8, 1080 Wien, +43 1 531 15-202525, E-Mail: dsb@dsb.gv.at if you believe that your rights to protection of your personal data have been infringed.

6. Changes to this Privacy Policy

Due to ongoing further development, this Privacy Policy will continue to be adapted. Changes will be announced on this website in due time. Therefore, you should regularly access this Privacy Policy in order to inform yourself about the current version.

ESG Policy

At Speedinvest, we strive to create value for investors and portfolio companies while remaining aware of our responsibility towards both society and the environment. We’re proud of the fact that we consider responsible investing an integral part of our business model and we recognise the ever-increasing importance of environmental, social and governance aspects for our business and the world we in.

While this ESG policy sets out our commitment to responsible investing, we believe strongly in collaboration – and we will pursue a network-based approach to advance and improve our ESG position on an ongoing basis. We are part of the ESG for VC Initiative, which seeks to help funds and their portfolio companies create sustainable value.

Against this background, this policy should be read and understood as an evolving, inclusive and overarching document. In it, we will be setting forth our general ESG commitment, which may be shaped further through dynamic and collaborative processes.

As the policy evolves, we will endeavor to respect the principle of proportionality, i.e. taking due account of the size, nature and scale of our activities, types of funds and stages of our portfolio companies. We will also engage our portfolio companies on a case-by-case basis, as appropriate to the company’s individual situation as well as our own legal, regulatory and tax requirements.

Scope

We commit to following this ESG policy within our own organisation, the funds we manage and other partners we cooperate with. At Speedinvest, we have already implemented concrete steps towards more sustainable business operations. For example, we have been carbon-neutral since 2019 and continue to work on capturing, reducing, and offsetting our carbon footprint. We are committed to maintaining these efforts and minimizing Speedinvest’s impact on the environment in other areas going forward.

Since we generally operate as a seed and early-stage investor, the influence we have on portfolio companies through shareholdings of our funds, including influence on sustainability matters, is typically more limited. However, we will make every effort to encourage our portfolio companies to agree with our ESG policy and to commit to pursuing our ESG values. Also, we will strive to work with partners and market participants who implement such values themselves, or who can at least identify with them.

ESG Values

Speedinvest’s aim is to promote sustainable practices throughout our organisation, our funds, and our portfolio companies. To this end, we’re proud to commit to the following values, which will serve as guidelines as we move towards wholly responsible investing and business practices.

Environmental

How can we become a positive presence in the natural world we live in?


• Minimize environmental impact and encourage environmental consciousness

• Promote the responsible use of resources (e.g., water, energy, natural resources; increase use of remote conferencing to minimize travel; implementation of energy efficient plans, train-first policy)

• Limit consumption of environmentally scarce and non-renewable resources

• Limit production of waste and improve recycling, for example, through active sorting and recycling of office waste

Social

How can we respect the rights, dignity, and well-being of everyone and contribute to a society in which there is equality for all?

• Promote respect of internationally recognized human rights

• Support elimination of child and forced labor

• Promote diversity and equal opportunities

• Zero tolerance against discrimination

• Address customer interests (e.g., health, safety, privacy)

• Respect employees' and contractors’ rights to decent working conditions (e.g., minimum wages, working hours, health and safety and right to collective bargaining)

• Depending on the respective fund’s legal documents, no investments in companies whose business activities consist of certain business practices and sectors, such as illegal economic activities, tobacco, distilled alcohol, weapons and ammunition, casinos, or equivalent enterprises, as well as electronic data programs or solutions that (i) refer to the above activities, internet gambling and online casinos or pornography; or(ii) enable illegal entry into data networks or to download data

• Encourage innovation, promote economic growth and enhance global competitiveness of investee companies

• Encourage portfolio companies to consider their material social issues and respect basic labor rights when conducting their business activities

• Offer regular anti-bias trainings to increase partners’ awareness and sensitivity

Governance

How can we operate with integrity and transparency, and remain accountable for our business practices?

• Maintain a strict anti-corruption, anti-money laundering and GDPR policy

• Promote high standards of business ethics

• Provide timely information to limited partners on ESG matters and work to foster transparency regarding their activities

• Create awareness of future regulations in the markets we operate in

Implementing our values

Our ESG values are an integral part of each phase of the investment and value creation process, which is why we incorporate them into both the pre-investment and post-investment phases.

In the pre-investment phase, we consider our ESG values as we conduct our due diligence processes. We collect relevant information from potential portfolio companies using a detailed questionnaire and in doing so, we identify and evaluate potential ESG-related value creation opportunities and issues before making an investment decision.

To further assess ESG-related value creation opportunities and issues, and to monitor adherence to our ESG policy, this questionnaire is also issued to portfolio companies during the post-investment phase on an annual basis. This enables us to identify any ESG-related value creation opportunities and issues early and encourage and support actions for improvement. We also apply best efforts when negotiating an investment into a portfolio company, to reach a side letter agreement requiring the portfolio company to notify us on an ad hoc basis if any ESG-related issues become apparent. Furthermore, we organize an onboarding session for each portfolio company during which we discuss with and explain to the management how they could incorporate ESG consideration into their operations.

Specifically addressing social values, we have set up an Equal Opportunity and Inclusion policy, which covers relevant issues both internally and externally with its two pillars: career and investment.Each pillar has two goals, which can be summarized as equal opportunity on the one hand, and health and inclusion on the other. Our aim here is to ensure talented people of all backgrounds have equitable access to career and capital opportunities, and for Speedinvest to achieve its vision of becoming a role model for equal opportunity and inclusion in European venture capital.  

Risk Management

We consider ESG factors within our risk management processes prior to and post investment. As required by the Sustainable Finance Disclosure Regulation (EU) 2019/2088, we have described and disclosed our processes relating to sustainability risks, as well as adverse impacts on sustainability factors, here.

Roles and Responsibilities

Our team consists of experienced professionals who are committed to and collectively responsible for our adherence to this ESG policy in all relevant investment decisions and monitoring procedures. Where additional expertise is needed, the team will employ external resources.

Contact

Our contact person in responsible investment and ESG-related issues is Cara van Riet. This document was last updated on May 12, 2021.