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Privacy Policy
Thank you for your interest in Point Nine! We have a really simple website. There isn’t much to be concerned about from a privacy perspective, but you know the rules, so here goes. :-)
1) In this Privacy Policy, “we” or “Point Nine” means Point Nine Management GmbH, with a business address at Torstrasse 19, 10119 Berlin. Who would have thought. Point Nine is the entity that receives and controls the data you provide to us. The legal basis on which we process your personal data is your consent and, in relation to the usage of our website, our legitimate interest to provide you with the best possible website, and to ensure that our website is kept secure.
2) You can access our website without telling us who you are. Whether you are a connoisseur of venture investing, a cat that fell on a keyboard, or one of OpenAI’s scrapers, everyone is welcome! We will handle any personal data you provide in a responsible manner and limit access to those of our employees who are dealing with the relevant matter. Your data will generally be deleted when no longer needed and in any event before any applicable legal retention period expires.
3) We use third party data processors as part of our business, including, for example, cloud storage and collaboration services (such as Dropbox or Google Drive) and communication and messaging platforms (such as Slack or WhatsApp). Where such providers transfer data to countries outside the European Economic Area (EEA), we make sure that an adequacy decision of the European Commission (e.g. under the EU–US Data Privacy Framework) or appropriate safeguards as required by Article 46 of the GDPR are in place.
4) We have the technical capability to access and collect your IP address and certain other information like your operating system, your browser ID, and other information about how you interacted with our website. We are currently not using this information for anything (except for showing the mobile-friendly version of the website if you’re on a small screen) but if we come up with a cool way to use the information to personalize what you see on our website, we may do so.
5) At times we may allow for job applications to be submitted to Point Nine using a form provided by Typeform, Recruitee, or other third party providers. The data will only be used for processing your application and will not be shared with third parties outside the Point Nine group of companies other than data storage service providers. When no longer needed it will be deleted within the period stipulated by applicable law unless you expressly agree that we retain your information.
6) Our website uses cookies, which are not only edible temptations, but as you most likely know also small data files placed on your computer to help the website monitor and manage the traffic on the website. Some of these cookies are strictly necessary to (i) save user preferences (including cookie preferences, LOL), and (ii) secure our website and our services (e.g. to detect malicious attacks). The other cookies we use are non-essential (non-strictly necessary) and help to observe and analyse traffic levels and other metrics on our website, which enables us to improve our website as well as your overall user experience.
7) Our website uses Google Analytics, which is a web analytics service provided by, you guessed it, Google, Inc. ("Google"). Google Analytics generates information about your use of our website, which may be transmitted to and stored by Google on servers in the United States. Google will use this information to evaluate your use of our website, compiling reports on website activity and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however this may limit the functionality of this website. Alternatively you can download the GoogleAnalytics Opt-Out Browser Add-on. Further information about Google’s privacy policy may be obtained from https://policies.google.com/privacy. All other non-essential cookies used by our website are used only with your consent.
8) According to German and European law, you have the right to know which data pertaining to you Point Nine has stored and to have any incorrect data revised or deleted. The data protection law in the EU also gives you the right to withdraw your consent at any time, limit the processing and use of your data, to file an objection and to have your data transferred. If you would like to make use of these or other rights, please contact our General Counsel. You also have the right to opt-out of communications which you may receive, notably the Point Nine newsletter, at any time. Simply click on the "unsubscribe" or "opt-out" link in the emails we send you. Further, you have the right to file a complaint with a data protection authority. Point Nine is supervised by the relevant authority in the state of Berlin, the Berlin Commissioner for Data Protection and Information Freedom. The Commissioner’s contact data and additional information are available Berliner Beauftragte für Datenschutz und Informationsfreiheit.
Our approach to sustainability
Point Nine Management GmbH and Point Nine Management II GmbH (“we”, “us”, “our” or “Point Nine”) strive to be responsible and conscientious investors, also and in particular in relation to environmental, social and governance (“ESG”) criteria. In this policy we want to set out our approach to sustainability in accordance with the EU-Regulation on sustainability-related disclosures in the financial services sector 2019/2088 (“SFDR”).
As a software-focused investor, the majority of our portfolio companies do not depend in a material way on fossil fuels or other non-renewable resources for their core operations. Several of our portfolio companies, for example investments in logistics software, digital marketplaces, and software related to renewable energy infrastructure, directly contribute to more efficient allocation of resources, improved utilization of existing assets, or the operation and scaling of cleaner energy systems. Many other Point Nine portfolio companies are not designed as explicit energy- or resource-reduction solutions but may contribute indirectly to more efficient use of resources by improving productivity, coordination, transparency, and decision-making for individuals and organizations. Where we invest outside of software, we generally focus on markets and business models that we believe can have a positive impact on the world. In these cases, we seek companies that offer credible alternatives to established, resource-intensive approaches and that have the potential to contribute to more sustainable outcomes over time.
We invest in early-stage startups with small teams and limited resources. At this stage, detailed measurement and reporting of sustainability indicators often add limited practical value relative to the effort required. We have therefore decided not to request sustainability reporting from our portfolio companies. Instead, we focus on ensuring that founders’ values and the business models they pursue align with our core investment principles.
We will continue to review this position and may adjust our approach as the size, maturity, and business models of our portfolio companies evolve.
We aim to continuously improve and strengthen the sustainability aspects of our own operations. As we do not require material natural resources for our core business, this primarily relates to the resources consumed by our office infrastructure and travel activities. To this end, we:
- have implemented a highly flexible work-from-home policy that enables employees to avoid unnecessary commuting wherever possible;
- seek to conduct routine meetings online wherever feasible;
- use rail travel rather than flying for journeys of up to four hours as a matter of principle;
- seek to optimize necessary air travel by combining meetings where possible;
- purchase carbon offsets for flights when air travel cannot be avoided;
- seek to source office electricity from renewable energy sources wherever possible.
We recognize that carbon offsets purchased via airlines, in particular, do not always withstand scrutiny and are, in some cases, criticized as greenwashing. To address this and to compensate for our remaining emissions, we purchase additional carbon credits from reputable suppliers on an annual basis. Our recent investments include projects focused on Amazon rainforest protection (Unitor REDD), basalt weathering, and biochar. Based on our calculations, the carbon offsets we purchase compensate not only for the direct emissions caused by our staff, but also for indirect emissions associated with the limited carbon-intensive activities we initiate, such as our annual founder summit. We regularly monitor and evaluate our carbon footprint and the effectiveness of the offset schemes we support, with the aim of continuously improving our practices and moving as close as possible to genuine carbon neutrality.
No consideration of adverse impacts of investment decisions on sustainability factors
For the reasons set out above, we do not currently consider the adverse impacts of our investment decisions on sustainability factors. As described in this policy, we continuously monitor our approach in this area and will re-evaluate the inclusion of such considerations as our investment strategy, portfolio companies, and the regulatory framework evolve. At present, however, we have not defined specific conditions or a timeline for doing so.
Remuneration
In line with regulatory requirements, Point Nine does not have a remuneration policy and therefore does not integrate sustainability risks into such a policy.