Privacy policy.
Last Updated: August, 2025
FounderNest know FounderNest's Licensees care about how their personal information is used and shared, and FounderNest take their privacy seriously. Please read the following to learn more about FounderNest’s Privacy Policy.
By using or accessing the Services in any manner, Licensee acknowledges that Licensee accepts the practices and policies outlined in this Privacy Policy, and Licensee hereby consents that Licensee will collect, use, and share Licensee's information in the following ways.
Remember that the use of FounderNest’s Services is at all times subject to the Terms of Service, which incorporates this Privacy Policy. Any terms Licensee uses in this Policy without defining them have the definitions given to them in the Terms of Service. In addition, if Licensee is a resident of the European Union, United Kingdom, Lichtenstein, Norway, or Iceland, Licensee may have additional rights under the EU General Data Protection Regulation as outlined in our GDPR Privacy Policy.
What does this Privacy Policy cover?
This Privacy Policy covers FounderNest’s processing of personally identifiable information (“Personal Information”) that FounderNest gather when Licensee is accessing or using FounderNest’s Services, but not to the practices of companies FounderNest don’t own or control, or people that FounderNest don’t manage. FounderNest gather various types of Personal Information from FounderNest’s Licensees, as explained in more detail below, and FounderNest use this Personal Information internally in connection with FounderNest’s Services, including to personalize, provide, and improve FounderNest’s services, to allow Licensee to set up a Licensee account and profile, to fulfill Licensee's requests for certain products and services, and to analyze how Licensee uses the Services. In certain cases, FounderNest may also share some Personal Information with third parties, but only as described below.
As noted in the Terms of Service, FounderNest do not knowingly collect or solicit personal information from anyone under the age of 16. If Licensee is under 16, please do not attempt to register for the Services or send any personal information about yourself to FounderNest. If FounderNest learn that FounderNest have collected personal information from a child under age 16, FounderNest will delete that information as quickly as possible. If Licensee believes that a child under 16 may have provided FounderNest with personal information, please contact FounderNest at legal@foundernest.com.
Will FounderNest ever change this Privacy Policy?
We’re constantly trying to improve FounderNest’s Services, so FounderNest may need to change this Privacy Policy from time to time as well, but FounderNest will alert Licensee to changes by placing a notice on the FounderNest’s website, by sending Licensee an email, and/or by some other means. If Licensee has opted not to receive legal notice emails from FounderNest (or Licensee hasn’t provided FounderNest with Licensee’s email address), those legal notices will still govern Licensee’s use of the Services, and Licensee is still responsible for reading and understanding them. If Licensee uses the Services after any changes to the Privacy Policy have been posted, that means Licensee agrees to all of the changes. Use of information FounderNest collect now is subject to the Privacy Policy in effect at the time such information is collected.
What Information does FounderNest Collect?
Information Licensee Provides to FounderNest:
FounderNest receive and store any information Licensee knowingly provides to us. For example, through the registration process and/or through Licensee’s account settings, FounderNest may collect Personal Information such as Licensee’s name, email address, phone number, and third-party account credentials. If Licensee provides third-party account credentials to FounderNest or otherwise sign in to the Services through a third party site or service (such as Twitter, Facebook, Linkedin, or Google), Licensee understands some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into Licensee’s account with us, and that Third Party Account Information transmitted to FounderNest’s Services is covered by this Privacy Policy. Certain information may be required to register with us or to take advantage of some of FounderNest features. In addition, FounderNest may process Licensee’s bank account data in those cases where the use of the Service requires the payment of any fee; these data will be processed for the sole purpose of managing such payment.
FounderNest may communicate with Licensee if Licensee has provided FounderNest the means to do so. For example, if Licensee has given us Licensee’s email address, FounderNest may send Licensee promotional email offers on behalf of other businesses, or email Licensee about Licensee’s use of the Services. Also, FounderNest may receive a confirmation when Licensee opens an email from us. This confirmation helps FounderNest make FounderNest’s communications with Licensee more interesting and improve our services. If Licensee does not want to receive communications from us, please contact us at legal@foundernest.com.
Information Collected Automatically.
Whenever Licensee interacts with FounderNest’s Services, FounderNest automatically receive and record information on FounderNest’s server logs from Licensee’s browser, device or any medium across all communication channels with Licensee, which may include Licensee’s IP address, geolocation data, device identification,“cookie” information, the type of browser and/or device Licensee is using to access FounderNest’ Services, and the page or feature Licensee requested.“Cookies” are identifiers FounderNest transfer to Licensee’s browser or device that allow FounderNest to recognize Licensee’s browser or device and tell FounderNest how and when pages and features in FounderNest’ Services are visited and by how many people. You may be able to change the preferences on Licensee’s browser or device to prevent or limit Licensee’s device’s acceptance of cookies, but this may prevent Licensee from taking advantage of some of FounderNest’ features.
FounderNest’ partners may also transmit cookies to Licensee’s browser or device, when Licensee clicks on ads that appear on the Services. Also, if Licensee clicks on a link to a third party website or service, a third party may also transmit cookies to Licensee. Again, this Privacy Policy does not cover the use of cookies by any third parties, and FounderNest aren’t responsible for their privacy policies and practices. Please be aware that cookies placed by third parties may continue to track Licensee’s activities online even after Licensee has left FounderNest’ Services, and those third parties may not honor“Do Not Track” requests Licensee has set using Licensee’s browser or device.
We may use this data to customize content for Licensee that FounderNest think Licensee might like, based on Licensee’s usage patterns. We may also use it to improve the Services – for example, this data can tell FounderNest how often Licensees use a particular feature of the Services, and FounderNest can use that knowledge to make the Services interesting to as many Licensees as possible.
What types of cookies do FounderNest use?
Below FounderNest provide information about the types of cookies used in the Service and their purpose.
Type of cookies by managing entity: Depending on the entity that manages the equipment or domain from which the cookies are sent and the data obtained is processed, the following types can be distinguished:
1. Own cookies: Those sent to the Licensee's terminal from the Website.
2. Third-party cookies: Those sent to the Licensee's terminal from equipment or a domain that is not managed by the publisher, but by another entity that processes the data obtained through the cookies, such as www.google.com, www.youtube.com, or www.twitter.com.
Type of cookies by length of time that they remain active in the terminal:
1. Session cookies: They are a type of cookies designed to obtain and store data while the Licensee accesses a website. As their name indicates, these cookies are stored in the Licensee's terminal until the browsing session is over.
2. Persistent cookies: These are a type of cookies in which the data is stored in the terminal and can be accessed and processed during a period defined by the person responsible for the cookie, which can range from a few minutes to several years.
Types of cookie by purpose:
1. Technical cookies: Those that enable users to browse through the website or the platform and use the various options or services available on it, such as, for example, monitoring traffic and data communication, identifying the session, accessing areas of restricted access, using security elements while browsing, or storing contents for the broadcasting of videos or sound or sharing contents through social media such as Twitter, Facebook, Google +, or YouTube. These are session and persistent cookies.
2. Customisation cookies: They are those that allow the Licensee to access the service with some predefined characteristics based on a series of criteria in the Licensee's terminal, such as the type of browser through which the Licensee accesses the service, the regional configuration from where the Licensee accesses the service, etc.
3. Analytical cookies: These are cookies that make it possible to quantify the number of users and therefore measure and statistically analyse the use of our website by users. To this end, Licensee’s browsing through our website is analysed to improve it.
4. Advertising cookies: Are those which, processed by FounderNest or by third parties, allow us to analyse Licensee’s browsing habits on the Internet and which enable us to show Licensee advertising related to Licensee’s browsing profile.
What cookies do FounderNest use?
|
Name
|
Function
|
Owner
|
Duration
|
|---|---|---|---|
|
_hjIncludedInPageviewSample
|
Analytical
|
FounderNest
|
1 day
|
|
_hjAbsoluteSessionInProgress
|
Analytical
|
FounderNest
|
1 day
|
|
_gat
|
Analytical
|
FounderNest
|
1 day
|
|
_hjid
|
Analytical
|
FounderNest
|
1 year
|
|
_hjFirstSeen
|
Analytical
|
FounderNest
|
1 day
|
|
_hjTLDTest
|
Analytical
|
FounderNest
|
Session Cookie
|
|
_hjIncludedInSessionSample
|
Analytical
|
FounderNest
|
1 day
|
|
_gid
|
Analytical
|
FounderNest
|
1 day
|
|
_ga
|
Analytical
|
FounderNest
|
2 years
|
|
foundernest_user_token
|
Technical
|
FounderNest
|
Permanent
|
|
foundernest_accepted_cookies
|
Technical
|
FounderNest
|
Permanent
|
In addition to the cookies that FounderNest enables when Licensee visit us, Licensee will see that there are also third-party cookies, necessary for providing the Services. FounderNest work with online advertising companies to place FounderNest’ cookies on their websites or ads. This helps FounderNest know how often a click on one of FounderNest’ ads becomes a purchase or another action on the advertiser's website.
How can I manage the cookies?
On the basis of the information provided in this Cookies Policy, FounderNest would now like to give Licensee details about how to manage the cookies used in the Services via the options offered by the most common browsers (Edge, Firefox and Chrome). If Licensee reject the installation of all cookies of the Service, some features and contents may be affected.
To disable, restrict or block cookies, Licensee must edit browser settings on Licensee’s device, whether it is a computer, smartphone or tablet. As a rule, browsers offer the following settings options regarding the installation of cookies:
- The browser rejects all cookies and, therefore, no cookie from any website is installed on Licensee’s device.
- The browser notifies Licensee before installing the cookie for Licensee to decide whether or not to accept installation.
- The browser only rejects third-party cookies from websites Licensee visit, but not those used by the website which Licensee is browsing.
- The browsing option in private mode whereby cookies are installed on Licensee’s device but are automatically deleted upon exiting the website:
- Google Chrome: https://support.google.com/chrome/answer/95464
- Mozilla Firefox: https://www.mozilla.org/en-US/firefox/browsers/incognito-browser/#:~:text=In%20Firefox%2C%20Private%20Browsing%20deletes,blocks%20tracking%20cookies%20by%20default.
- Microsoft Edge: https://support.microsoft.com/en-us/microsoft-edge/browse-inprivate-in-microsoft-edge-e6f47704-340c-7d4f-b00d-d0cf35aa1fcc
Will FounderNest Share Any of the Personal Information it Receives?
FounderNest may share Licensee’s Personal Information with third parties as described in this section:
Information that’s been de-identified. FounderNest may de-identify Licensee’s Personal Information so that Licensee are not identified as an individual, and provide that information to FounderNest’ partners. FounderNest may also provide aggregate usage information to FounderNest’ partners (or allow partners to collect that information from Licensee), who may use such information to understand how often and in what ways people use FounderNest’ Services, so that they, too, can provide Licensee with an optimal online experience. However, FounderNest never disclose aggregate usage or de-identified information to a partner (or allow a partner to collect such information) in a manner that would identify Licensee as an individual person.
Affiliated Businesses: In certain situations, businesses or third party websites we’re affiliated with may sell or provide products or services to Licensee through or in connection with the Services (either alone or jointly with us). Licensee can recognize when an affiliated business is associated with such a transaction or service, and FounderNest will share Licensee’s Personal Information with that affiliated business only to the extent that it is related to such transaction or service. One such service may include the ability for Licensee to automatically transmit Third Party Account Information to Licensee’s Services profile or to automatically transmit information in Licensee’s Services profile to Licensee’s third party account; for example, results of searches Licensee run on the Services. FounderNest have no control over the policies and practices of third party websites or businesses as to privacy or anything else, so if Licensee choose to take part in any transaction or service relating to an affiliated website or business, please review all such business’ or websites’ policies.
Agents: FounderNest employ other companies and people to perform tasks on our behalf and need to share Licensee’s information with them to provide products or services to Licensee; for example, FounderNest may use a payment processing company to receive and process Licensee’s credit card transactions for us. Unless FounderNest tell Licensee differently, our agents do not have any right to use the Personal Information FounderNest share with them beyond what is necessary to assist us.
Licensee Profiles and Submissions: Certain Licensee profile information, including Licensee’s name, location, and any video or image content that such Licensee has uploaded to the Services, may be displayed to other Licensee s to facilitate Licensee interaction within the Services or address Licensee’s request for FounderNest’s services. Licensee’s account privacy settings may allow Licensee to limit what information in Licensee’s Licensee profile is visible to others. If Licensee signs into the Services through a third party social networking site or service, Licensee’s list of “friends” from that site or service may be automatically imported to the Services. Again, FounderNest do not control the policies and practices of any other third party site or service.
Business Transfers: FounderNest may choose to buy or sell assets, and may share and/or transfer customer information in connection with the evaluation of and entry into such transactions. Also, if FounderNest (or FounderNest’s assets) are acquired, or if FounderNest go out of business, enter bankruptcy, or go through some other change of control, Personal Information could be one of the assets transferred to or acquired by a third party.
Protection of FounderNest and Others: FounderNest reserve the right to access, read, preserve, and disclose any information that FounderNest believe is necessary to comply with law or court order; enforce or apply FounderNest’s Terms of Service and other agreements; or protect the rights, property, or safety of FounderNest, FounderNest’s employees, FounderNest’s Licensees, or others.
Is Personal Information about me secure?
Licensee’s account is protected by a password for Licensee’s privacy and security. If Licensee accesses Licensee’s account via a third party site or service, Licensee may have additional or different sign-on protections via that third party site or service. Licensee must prevent unauthorized access to Licensee’s account and Personal Information by selecting and protecting Licensee’s password and/or other sign-on mechanism appropriately and limiting access to Licensee’s computer or device and browser by signing off after Licensee has finished accessing Licensee’s account.
FounderNest endeavor to protect the privacy of Licensee’s account and other Personal Information FounderNest hold in FounderNest’s records, but unfortunately, FounderNest cannot guarantee complete security. Unauthorized entry or use, hardware or software failure, and other factors, may compromise the security of Licensee’s information at any time.
What Personal Information can I access?
Through Licensee’s account settings, Licensee may access, and, in some cases, edit or delete the following information Licensee provided to us:
- Name and password
- Email address
- Licensee information (role, company) and Licensee preferences (including email preferences)
- Scouting campaign information (brief, sample companies, keywords, criteria) if Licensee are a corporate user
- Decisions on companies and decision information
The information Licensee can view, update, and delete may change as the Services change. If Licensee has any questions about viewing or updating information FounderNest have on file about Licensee, Licensee may contact FounderNest at legal@foundernest.com.
Under California Civil Code Sections 1798.83-1798.84, California residents are entitled to contact FounderNest to prevent disclosure of Personal Information to third parties for such third parties’ direct marketing purposes; in order to submit such a request, Licensee should contact FounderNest at legal@foundernest.com.
What choices does Licensee have?
Licensee can always opt not to disclose information to us, but some information may be needed to register with FounderNest or to take advantage of some of FounderNest’ features.
Licensee may be able to add, update, or delete information as explained above. When Licensee updates information, however, FounderNest may maintain a copy of the unrevised information in our records. Some information may remain in our records after Licensee’ deletion of such information from Licensee’ account. FounderNest may use any aggregated data derived from or incorporating Licensee’ Personal Information after Licensee update or delete it, but not in a manner that would identify Licensee personally.
Is there anything else?
FounderNest collects information about companies and/or individuals from public sources and/or directly from the companies and / or individuals themselves; and serves it to Licensee doing a processing of all the data points and transforming them with their FounderNest’ own algorithms into useful insights for Licensee to make a decision about Licensee’ interest in the company.
What if Licensee has questions about this policy?
If Licensee has any questions or concerns regarding our privacy policies, Licensee can send FounderNest a detailed message to legal@foundernest.com., and FounderNest will try to resolve Licensee’ concerns.
Other tools and platforms
When you visit or log in to our website, cookies and similar technologies may be used by our online data partners or vendors to associate these activities with other personal information they or others have about you, including by association with your email or home address. We (or service providers on our behalf) may then send communications and marketing to these email or home addresses. You may opt out of receiving this advertising by visiting https://app.retention.com/optout.
GDPR Privacy Policy
Last Updated: May, 2023
European Residents
If Licensee is a resident of the European Union (“EU”), United Kingdom, Lichtenstein, Norway, or Iceland, Licensee may have additional rights under the EU General Data Protection Regulation (the“GDPR”) with respect to Licensee’ Personal Data, as outlined below.
For this GDPR Privacy Notice, FounderNest use the terms “Personal Data” and“processing” as they are defined in the GDPR, but“Personal Data” generally means information that can be used to individually identify a person, and“processing” generally covers actions that can be performed in connection with data such as collection, use, storage and disclosure. Company will be the controller of Licensee’s Personal Data processed in connection with the Services.
Where applicable, this GDPR Privacy Notice is intended to supplement, and not replace, the Company’s Privacy Policy (the“Privacy Policy”). If there are any conflicts between this GDPR Privacy Notice and the Company’s Privacy Policy, the policy or portion that is more protective of Personal Data shall control to the extent of such conflict. If Licensee has any questions about this notice or whether any of the following applies to Licensee, Licensee should contact FounderNest at legal@foundernest.com.
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Category of Data
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Source of Data (if not Data Subject)
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Purpose of Processing
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Grounds for Processing (e.g., contractual necessity, legitimate interest, consent)
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Specific Legitimate Interest (if applicable)
|
|---|---|---|---|---|
|
Customer Account Data (e.g., first last name, email, ip address)
|
Data Subject
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Analytics
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Legitimate Interest
|
Monitoring and conducting analytics on website and app use, pages/links clicked, traffic demographics, patterns of navigation, on potential security/spam breach, on performance issues, etc.
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|
Customer Account Data (e.g., first last name, email, company)
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Data Subject
|
Customer Success Communication
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Contractual Necessity
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Personalised service and communications related to the customer’s use of the product.
|
|
Customer Account Data (e.g. first last name, email, company)
|
Data Subject
|
Marketing Campaign (email, list creation, ads)
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Legitimate Interest
|
Personalization, market research, targeted advertisement, or direct marketing.
|
|
Customer Account Data (e.g. first last name, device type, browser)
|
Data Subject
|
Product Development
|
Legitimate Interest
|
Improving performance, troubleshooting bugs, other internal development needs.
|
|
Customer Account Data (e.g. first last name, email)
|
Data Subject
|
Sales Communication
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Legitimate Interest and/or consent
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Targeted advertisement or direct marketing.
|
|
Customer Account Data (e.g. first last name, email)
|
Data Subject
|
Using FounderNest Products
|
Contractual Necessity
|
Contractual Necessity.
|
|
Customer Account Data (e.g. image, gender)
|
Data Subject
|
Using FounderNest Products
|
Legitimate Interest
|
Creation of profiles using public known data, personalized service and communications related to the customer’s use of the product.
|
|
Billing Data (e.g. card type, card country)
|
Data Subject
|
Analytics
|
Legitimate Interest
|
Monitoring and conducting analytics on website and app use, pages/links clicked, traffic demographics, patterns of navigation, on potential security/spam breach, on performance issues, etc.
|
|
Billing Data (e.g. first last name, card type, lat 4 digits)
|
Data Subject
|
Customer Success Communication
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Contractual Necessity
|
Personalized service and communications related to the customer’s use of the product.
|
|
Billing Data (e.g. card type, card location)
|
Data Subject
|
Product Development
|
Contractual Necessity
|
Improving performance, troubleshooting bugs, other internal development needs.
|
|
Customer Support Data (e.g. first last name, email, address)
|
Data Subject
|
Analytics
|
Legitimate Interest
|
Monitoring and conducting analytics on website and app use, pages/links clicked, traffic demographics, patterns of navigation, on potential security/spam breach, on performance issues, etc.
|
|
Customer Support Data (e.g. first last name, email, address, last 4 digits of Credit Card)
|
Data Subject
|
Customer Success Communication
|
Contractual Necessity
|
Personalized service and communications related to the Licensee’s use of the product.
|
|
Customer Support Data (e.g. first last name, email)
|
Data Subject
|
Marketing Campaign (email, list creation, ads)
|
Legitimate Interest
|
Personalization, market research, targeted advertisement, or direct marketing.
|
|
Customer Support Data (e.g. first last name, email)
|
Data Subject
|
Product Development
|
Contractual Necessity
|
Improving performance, troubleshooting bugs, other internal development needs.
|
|
Customer Support Data (e.g. first last name, email)
|
Data Subject
|
Sales Communication
|
Legitimate Interest
|
Targeted advertisement or direct marketing.
|
|
Customer Support Data (e.g. first last name, email)
|
Data Subject
|
Using FounderNest Products
|
Contractual Necessity
|
Contractual Necessity.
|
|
Person Public Data (e.g. first last name, news articles, company, investments)
|
Data Subject
|
Analytics
|
Legitimate Interest
|
Monitoring and conducting analytics on website and app use, pages/links clicked, traffic demographics, patterns of navigation, on potential security/spam breach, on performance issues, etc.
|
|
Person Public Data (e.g. first last name)
|
Data Subject
|
Customer Success Communication
|
Contractual Necessity
|
Personalized service and communications related to the Licensee’s use of the product.
|
|
Person Public Data (e.g. first last name)
|
Data Subject
|
Marketing Campaign (email, list creation, ads)
|
Legitimate Interest
|
Personalization, market research, targeted advertisement, or direct marketing.
|
|
Person Public Data (e.g. first last name, news articles, company, investments)
|
Data Subject
|
Product Development
|
Contractual Necessity
|
Improving performance, troubleshooting bugs, other internal development needs.
|
|
Person Public Data (e.g. first last name)
|
Data Subject
|
Internal Lead Generation
|
Legitimate Interest
|
Internal marketing and sales research.
|
|
Person Public Data (e.g. first last name, news articles, company, investments)
|
Data Subject
|
Using FounderNest Products
|
Legitimate Interest
|
Creation of public profiles using public known data, personalized service and communications related to the Licensee’s use of the product.
|
|
Licensee Session Data (e.g. page url, utms)
|
Data Subject
|
Advertising
|
Legitimate Interest
|
Personalization, market research, targeted advertisement, or direct marketing.
|
|
Licensee Session Data (e.g. page url)
|
Data Subject
|
Mobile App Marketing
|
Contractual Necessity
|
Personalization, market research, targeted advertisement, or direct marketing.
|
|
Licensee Session Data (e.g. utms, logged in, xsrf token, email token)
|
Data Subject
|
Using FounderNest Products
|
Contractual Necessity
|
Maintain logged-in state during a single browsing session. Maintain Licensee logged in state across browsing sessions. Enable users to log back in when a new session is started. Prevent cross-site request forgery attacks. Product feature rollout, conducting analysis. Ad performance and conversion tracking. Personalization of Web Content. Improvement of Service provided to Licensee.
|
How and With Whom Do FounderNest Share Licensee’ Data? FounderNest share Personal Data with vendors, third party service providers and agents who work on FounderNest’ behalf and provide FounderNest with services related to the purposes described in this Privacy Policy or FounderNest’ Terms of Service. These parties include:
- Payment processors
- Fraud prevention service providers
- Ad networks
- Analytics service providers
- Staff augmentation and contract personnel
- Hosting service providers
- Co-location service providers
- Marketing Service Providers
- Product Development Service Providers
- Customer Success Providers
FounderNest also share Personal Data when necessary to complete a transaction initiated or authorized by Licensee or provide Licensee with a product or service Licensee has requested. In addition to those set forth above, these parties also include:
- Other Licensees (where Licensee post information publicly or as otherwise necessary to effect a transaction initiated or authorized by Licensee through the Services)
- Social media services (if Licensee interacts with them through Licensee’s use of the Services)
- Third party business partners who Licensee access through the Services
FounderNest also share Personal Data when FounderNest believe it is necessary to:
- Comply with applicable law or respond to valid legal process, including from law enforcement or other government agencies
- Protect us, FounderNest’ business or FounderNest’ Licensees, for example to enforce FounderNest’ terms of service, prevent spam or other unwanted communications and investigate or protect against fraud
- Maintain the security of FounderNest’ products and services
FounderNest also share information with third parties when Licensee gives FounderNest consent to do so.
Last, FounderNest share Personal Data with FounderNest’ affiliates based in Spain. Furthermore, if FounderNest choose to buy or sell assets, user information is typically one of the transferred business assets. Moreover, if FounderNest, or substantially all of FounderNest’ assets, were acquired, or if FounderNest go out of business or enter bankruptcy, user information would be one of the assets that is transferred or acquired by a third party, and FounderNest would share Personal Data with the party that is acquiring FounderNest’ assets. You acknowledge that such transfers may occur, and that any acquirer of FounderNest or FounderNest’ assets may continue to use Licensee’s Personal Information as set forth in this policy.
What Security Measures Do FounderNest Use? FounderNest seek to protect Personal Data using appropriate technical and organizational measures based on the type of Personal Data and applicable processing activity.
The FounderNest website uses SSL (https).
- Account passwords are hashed when stored in FounderNest’ database.
- The authenticity of request methods are verified to prevent CSRF (cross-site request forgery) attacks.
- FounderNest employees use passwords and enable screen locking.
- Access to AWS and Payment Processors is limited on a need to know basis and requires Two-Factor Authentication (2FA).
- Access to production data requires VPN access which is restricted to only the people that need it.
How Long Do FounderNest Retain Licensee’ Personal Data? FounderNest retain Personal Data about Licensee for as long as Licensee has an open account with FounderNest or as otherwise necessary to provide Licensee Services. In some cases FounderNest retain Personal Data for longer, if doing so is necessary to comply with FounderNest’ legal obligations, resolve disputes or collect fees owed, or is otherwise permitted or required by applicable law, rule or regulation. Afterwards, FounderNest retain some information in a depersonalized or aggregated form but not in a way that would identify Licensee personally.
Personal Data of Children: As noted in the Terms of Use, FounderNest do not knowingly collect or solicit Personal Data from anyone under the age of 16. If Licensee are under 16, please do not attempt to register for the Services or send any Personal Data about Licensee to us. If FounderNest learn that FounderNest have collected Personal Data from a child under age 16, FounderNest will delete that information as quickly as possible. If Licensee believes that a child under 16 may have provided FounderNest Personal Data, Licensee should contact FounderNest at legal@foundernest.com.
What Rights Does Licensee Have Regarding Licensee’ Personal Data? Licensee has certain rights with respect to Licensee’s Personal Data, including those set forth below. For more information about these rights, or to submit a request, please email legal@foundernest.com. Please note that in some circumstances, FounderNest may not be able to fully comply with Licensee’s request, such as if it is frivolous or extremely impractical, if it jeopardizes the rights of others, or if it is not required by law, but in those circumstances, FounderNest will still respond to notify Licensee of such a decision. In some cases, FounderNest may also need Licensee to provide FounderNest with additional information, which may include Personal Data, if necessary to verify Licensee’s identity and the nature of Licensee’s request.
- Access: Licensee can request more information about the Personal Data FounderNest hold about Licensee and request a copy of such Personal Data by emailing legal@foundernest.com
- Rectification: If Licensee believe that any Personal Data FounderNest are holding about Licensee is incorrect or incomplete, Licensee can request that FounderNest correct or supplement such data. Licensee can also correct some of this information directly by emailing legal@foundernest.com
- Erasure: Licensee can request that FounderNest erase some or all of Licensee’s Personal Data from FounderNest’ systems.
- Withdrawal of Consent: If FounderNest are processing Licensee’s Personal Data based on Licensee’s consent (as indicated at the time of collection of such data), Licensee has the right to withdraw Licensee’s consent at any time. Please note, however, that if Licensee exercise this right, Licensee may have to then provide express consent on a case-by-case basis for the use or disclosure of certain of Licensee’s Personal Data, if such use or disclosure is necessary to enable Licensee to utilize some or all of FounderNest’ Services.
- Portability: Licensee can ask for a copy of Licensee’s Personal Data in a machine-readable format. Licensee can also request that FounderNest transmit the data to another controller where technically feasible.
- Objection: Licensee can contact FounderNest to let FounderNest know that Licensee object to the further use or disclosure of Licensee’s Personal Data for certain purposes, such as for direct marketing purposes.
- Restriction of Processing: Licensee can ask FounderNest to restrict further processing of Licensee’s Personal Data.
- Right to File Complaint: Licensee have the right to lodge a complaint about Company’s practices with respect to Licensee’s Personal Data with the supervisory authority of Licensee’s country or EU Member State.
Transfers of Personal Data: For management and administrative purposes, FounderNest may share Licensee’s Personal Data within the Company and its affiliates. The Services are hosted and operated in the United States (“U.S.”) by the Company and its service providers (Amazon Web Services and others that may be added in the future). By using the Services, Licensee acknowledges that any Personal Data about Licensee, regardless of whether provided by Licensee or obtained from a third party, is being provided to Company in the U.S. and will be hosted on U.S. servers, and Licensee hereby understands how the Company transfers, stores and processes Licensee’s information in the U.S. The lawful basis for this transfer of Personal Data is the legitimate interest that the Company has to adequately manage and centralize the administration of the Services. FounderNest are very concerned with the compliance of data protection regulations, and FounderNest warrant that FounderNest have implemented the necessary measures to ensure the security of Licensee’s Personal Data.
Licensee should contact FounderNest at legal@foundernest.com for further and detailed information and/or if Licensee has any questions or concerns and to resolve Licensee’s complaints. FounderNest commit to cooperate with the panel established by the EU data protection authorities (DPAs) or the Swiss Federal Data Protection and Information Commissioner, as applicable, and comply with the advice given by the panel or Commissioner. EU individuals wishing to reach their area DPA’s may locate them by going to http://ec.europa.eu/justice/article-29/structure/data-protection-authorities/index_en.htm. Swiss individuals wishing to contact their local FDPIC may locate them by going to https://www.edoeb.admin.ch/edoeb/en/home/the-fdpic/links/data-protection—switzerland.html. Under certain conditions, Licensee may also be entitled to invoke binding arbitration for complaints not resolved by other means.
What If Licensee Have Questions Regarding Licensee’s Personal Data? If Licensee has any questions about this GDPR Privacy Notice or FounderNest’s data practices generally, Licensee should contact FounderNest using the following information:
Name: Legal at FounderNest
Physical address: 440 N Barranca Ave #6979 Covina, CA 91723
Email address for contact: legal@foundernest.com
Last updated: August, 2025
