Privacy Policy
Last updated: March 23, 2025
NL Patent AI Capital ("NL Patent AI Capital," "we," "us," or "our") is committed to protecting your privacy. This Privacy Policy describes how we collect, use, disclose, and safeguard your information when you visit our website at nlpatentforai.org (the "Site"), contact us, or interact with us in connection with our venture capital investment activities. Please read this policy carefully. If you disagree with the terms of this Privacy Policy, please discontinue use of the Site.
1. Information We Collect
We may collect information about you in a variety of ways, depending on how you interact with us and our Site.
Information You Provide Directly. We collect information that you voluntarily provide to us when you:
- Complete and submit the contact form on our Site;
- Send us an email or other written correspondence;
- Submit materials related to a potential investment opportunity (including pitch decks, business plans, financial projections, and due diligence materials);
- Subscribe to our newsletter or request to be added to our communications list;
- Attend an event or meeting hosted or co-hosted by NL Patent AI Capital; or
- Otherwise contact us or interact with us in connection with our investment activities.
The types of information you may provide include your name, email address, telephone number, postal address, company name and title, professional background, financial information related to investment proposals, and any other information you choose to share with us.
Information Collected Automatically. When you visit our Site, certain information about your visit may be collected automatically, including:
- Log Data: Information that your browser or device automatically sends when you visit our Site, including your Internet Protocol (IP) address, browser type and version, operating system, referring URL, pages viewed, time and date of your visit, and time spent on pages.
- Cookies and Similar Tracking Technologies: We use cookies and similar technologies to collect information about your browsing behavior on our Site. See our Cookie Policy for detailed information about the types of cookies we use and how you can manage your preferences.
- Analytics Data: We may use third-party analytics services (such as Google Analytics) to help us understand how visitors use our Site. These services may collect information sent by your browser as part of a web page request, including cookies and your IP address.
Information From Third Parties. We may receive information about you from third parties, including:
- Professional networks and directories (such as LinkedIn);
- Public sources such as company registrations, patent databases, and corporate filings;
- Our existing portfolio companies or other investment partners who refer founders or executives to us;
- Other venture capital firms or co-investors with whom we have collaborative relationships; and
- Background check and due diligence service providers, in connection with our investment activities.
2. How We Use Your Information
We use the information we collect for a variety of purposes related to our venture capital investment activities and the operation of our Site:
Investment Activities. If you have submitted information to us in connection with a potential investment opportunity, we use that information to:
- Evaluate your company and technology for potential investment by NL Patent AI Capital;
- Conduct due diligence, including review of intellectual property, financial, and technical information;
- Communicate with you about the status of our evaluation process;
- Maintain records of our interactions with founders and companies for our investment decision-making process;
- Share relevant portions of your information with our investment partners, co-investors, and advisors who are involved in the investment evaluation process; and
- Contact you about future investment opportunities if we determine that your company may be a fit for our fund in the future.
Communication and Marketing. We use contact information you provide to:
- Respond to your inquiries and requests;
- Send you newsletters, investment insights, and updates about NL Patent AI Capital, if you have requested to receive such communications;
- Notify you about events, panels, or meetings that may be relevant to your interests; and
- Send you administrative communications about changes to our policies or our Site.
Site Operations and Improvement. We use automatically collected information to:
- Operate, maintain, and improve our Site;
- Monitor and analyze usage patterns and trends;
- Detect, prevent, and address technical issues, security breaches, and fraudulent activity; and
- Personalize your experience on the Site.
Legal Compliance. We may use your information to:
- Comply with applicable laws, regulations, and legal processes;
- Respond to lawful requests from public authorities, including regulatory and law enforcement agencies;
- Establish, exercise, or defend legal claims; and
- Fulfill our obligations under applicable securities laws and regulations that govern our venture capital activities.
3. How We Share Your Information
We do not sell your personal information. We may share your information in the following circumstances:
Within Our Fund Structure. Information about prospective and current investments may be shared among the investment partners, operating partners, and advisors of NL Patent AI Capital in connection with investment decision-making and portfolio management activities. All such individuals are bound by confidentiality obligations.
With Draper Associates and Co-Investors. As the lead investor in our Seed Round, Draper Associates and its affiliated entities may receive information about our investment portfolio and pipeline as part of our ongoing investor relationship. Co-investors and syndicate partners in specific investment transactions may receive relevant information about the investment subject to appropriate confidentiality protections.
With Service Providers. We may share your information with third-party vendors and service providers who assist us in operating our Site and conducting our business, including:
- Website hosting and infrastructure providers;
- Email and communication services;
- Analytics providers;
- Legal, accounting, and financial advisory firms;
- Due diligence and background check providers; and
- Investment management and portfolio tracking software providers.
These service providers are permitted to use your information only as necessary to provide services to us and are required to maintain appropriate security and confidentiality measures.
For Legal Reasons. We may disclose your information when we believe disclosure is necessary or appropriate to comply with applicable law, respond to legal process, protect our rights and the rights of others, or prevent harm.
In Connection With Corporate Transactions. In the event of a merger, acquisition, restructuring, dissolution, or sale of NL Patent AI Capital or its assets, your information may be transferred to the successor entity, subject to appropriate confidentiality protections.
4. Data Retention
We retain information about potential investment opportunities for as long as we consider the opportunity potentially relevant to our fund mandate, typically for a period of up to five years from our last interaction. We retain information about our portfolio companies for the duration of our investment relationship and for a period of ten years thereafter to comply with legal and regulatory obligations. We retain website analytics data for up to twenty-six months. Contact information for newsletter subscribers is retained until you unsubscribe or request deletion.
5. Data Security
We implement commercially reasonable technical, administrative, and physical safeguards designed to protect your personal information against unauthorized access, use, disclosure, alteration, or destruction. These measures include encrypted transmission of data over our Site (HTTPS), access controls limiting access to personal information to personnel with a legitimate need, and secure storage of documents containing personal and financial information related to our investment activities.
No method of transmission over the Internet or method of electronic storage is completely secure. While we strive to protect your personal information, we cannot guarantee absolute security. If we become aware of a security breach that affects your personal information, we will notify you as required by applicable law.
6. California Residents: CCPA Privacy Rights
If you are a California resident, the California Consumer Privacy Act of 2018, as amended by the California Privacy Rights Act of 2020 (collectively, "CCPA"), provides you with specific rights regarding your personal information. This section describes those rights and how to exercise them.
Right to Know. You have the right to request that we disclose to you the categories and specific pieces of personal information we have collected about you, the categories of sources from which we collected that information, the business or commercial purposes for which we collected that information, and the categories of third parties with whom we shared that information.
Right to Delete. You have the right to request that we delete personal information we have collected from you, subject to certain exceptions permitted by law. We may deny your deletion request if the information is necessary for us to complete a transaction with you, fulfill a contract, comply with a legal obligation, detect security incidents, or exercise other rights permitted under applicable law.
Right to Correct. You have the right to request that we correct inaccurate personal information we maintain about you.
Right to Opt-Out of Sale or Sharing. We do not sell personal information or share it for cross-context behavioral advertising purposes within the meaning of the CCPA.
Right to Non-Discrimination. We will not discriminate against you for exercising any of your CCPA rights.
Exercising Your CCPA Rights. To exercise your right to know, delete, or correct, please contact us using the information in Section 10 below. We will respond to verifiable consumer requests within 45 days of receipt. We may request that you provide information sufficient to verify your identity before we process your request. You may designate an authorized agent to make requests on your behalf, provided the agent provides written authorization or a power of attorney.
Categories of Personal Information Collected. In the preceding twelve months, we have collected the following categories of personal information as described in California Civil Code Section 1798.140: identifiers (such as name, email address, and IP address); professional or employment-related information; financial information (in connection with investment evaluations); commercial information; internet or other electronic network activity information; and inferences drawn from the above to create a profile about your potential fit for our investment portfolio.
7. International Data Transfers
NL Patent AI Capital is based in the United States. If you are located outside the United States and provide us with personal information, your information will be transferred to and processed in the United States, where data protection laws may differ from those in your home jurisdiction. By using our Site or providing us with information, you consent to this transfer, processing, and storage of your information in the United States.
8. Children's Privacy
Our Site and our investment activities are directed exclusively to adults and business professionals. We do not knowingly collect personal information from children under the age of thirteen. If we learn that we have inadvertently collected personal information from a child under thirteen, we will promptly delete that information.
9. Links to Third-Party Sites
Our Site may contain links to third-party websites, including the websites of our portfolio companies, co-investors, and industry partners. We are not responsible for the privacy practices or content of those sites. We encourage you to review the privacy policies of any third-party sites you visit through links from our Site.
10. Contact Information
If you have questions about this Privacy Policy, wish to exercise your privacy rights, or wish to report a concern about how we handle your personal information, please contact us at:
NL Patent AI Capital
Privacy Inquiries
Email: privacy@nlpatentforai.org
For California residents wishing to submit a CCPA request, please include "CCPA Privacy Request" in the subject line of your email.
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time to reflect changes in our practices, applicable law, or for other operational or legal reasons. We will post the updated policy on this page with a revised "Last updated" date. We encourage you to review this Privacy Policy periodically to stay informed about how we protect your information. Your continued use of our Site following the posting of an updated Privacy Policy constitutes your acceptance of the changes.
If we make material changes to this Privacy Policy, we will notify you by email (if we have your email address) or by a prominent notice on our Site prior to the change becoming effective, to the extent required by applicable law.