Terms and Policies

TERMS & POLICIES

Effective Date: January 2, 2026

1. Introduction
These Terms and Policies apply to your use of this website and to any transactions related to our investment services. You may be bound by additional contracts related to your relationship with us or AngelList, our fund custodian, should you choose to apply to participate in any investment service that we offer, including our funds or syndicated offerings. If any provisions of the additional contracts we sign conflict with any provisions of these Terms, the provisions of those subsequent additional contracts will control and prevail.

2. Binding
By accessing or otherwise using this website or that of our custodian, Angellist, you hereby agree to be bound by these Terms and Policies as set forth below. The mere use of these websites implies the knowledge and acceptance of these Terms and Policies. In some particular cases, we can also ask you to explicitly agree.

3. Intellectual property
We own and control all of the copyright, trademark and other intellectual property rights in the website except that owned by cited sources or linked third parties, and all rights are reserved unless specific content dictates otherwise. As a user of the website, you are not granted a license or any other right under Copyright, Trademark, Patent, or other Intellectual Property Rights.

4. Newsletter
We include the contents of our newsletter, which we send out directly via an html email service, in these protections. Notwithstanding the foregoing, you may forward our newsletter in the electronic form to others who may be interested in reading or receiving our newsletter or visiting our website.

5. Third-party property and actions
Our website, newsletters and emails include hyperlinks, documents, images and references to other third-party work product and websites. Such items, websites or urls may change over time, breaking links. We do not monitor or review content changes of third-party websites, whether or not they are linked to from this website. Opinions expressed or material appearing on those websites are not necessarily shared or endorsed by us. Products or services offered by other websites shall be subject to the applicable Terms and Conditions of those third parties. Bad actors, impersonating third-parties or us, may send out phishing emails or notifications in an attempt to get you to click on links or provide personal information.

We will not be responsible for any privacy practices or content of these sites or for the actions of bad actors spoofing their identity. You bear all risks associated with the use of these websites and any related third-party services or messages. We will not accept any responsibility for any loss or damage in whatever manner, however caused, resulting from your disclosure to third parties of personal information or accessing a link containing a virus. If you are not sure if a message came from us, please send an inquiry to us through our Contact form, accessible through our top menu, before you click on it.

6. Responsible use
By visiting our website, you agree to use it only for the purposes intended and as permitted by these Terms, any additional contracts with us, and applicable laws, regulations, and generally accepted online practices and industry guidelines. You must not use our website or services to use, provide, publish or distribute any investment advice, confidential information or material which consists of (or is linked to) malicious computer software; use data collected from our website for any direct marketing activity, or conduct any systematic or automated data collection activities on or in relation to our website. Engaging in any activity that causes, or may cause, damage to the website or that interferes with the performance, availability, or accessibility of the website is strictly prohibited.

7. Termination of use
We may, in our sole discretion, at any time modify or discontinue access to, temporarily or permanently, the website or any content or services provided thereon. You agree that we will not be liable to you or any third party for any such modification, suspension or discontinuance of your access to, or use of, the website or any content that you may have accessed or shared on the website. You will not be entitled to any compensation or other payment, even if certain features, settings, and/or any content you have come to rely on, is removed, modified or lost. You must not circumvent or bypass, or attempt to circumvent or bypass, any access restriction measures on our website.

8. Warranties and liability
Nothing in this section will limit or exclude any warranty implied by law that it would be unlawful to limit or to exclude. This website and all content on the website are provided on an “as is” and “as available” basis and may include inaccuracies or typographical errors. We expressly disclaim all warranties of any kind, whether express or implied, as to the availability, accuracy, or completeness of the content. We make no warranty that:

this website or our content will meet your requirements;
this website will be available on an uninterrupted, timely, secure, or error-free basis.
Nothing on this website constitutes or is meant to constitute, legal, financial or investment advice of any kind. If you require advice you should consult an appropriate professional.

The following provisions of this section will apply to the maximum extent permitted by applicable law and will not limit or exclude our liability in respect of any matter which it would be unlawful or illegal for us to limit or to exclude our liability. In no event will we be liable for any direct or indirect damages (including any damages for loss of capital, loss of or harm to property, reputation or data) incurred by you or any third party, arising from your access to, or use of, our website or Angellist fund portal.

Except to the extent any additional contract expressly states otherwise, our maximum liability to you for all damages arising out of or related to our website or fund portal, regardless of the form of legal action that imposes liability (whether in contract, equity, negligence, intended conduct, tort or otherwise) will be limited to the total principal that you paid to use the website or fund portal, use of both of which is free.

9. Privacy & Cookie Policies
To access our website and/or investment services, you may be required to provide certain information about yourself as part of the registration process. You agree that any information you provide will always be accurate, correct, and up to date. We have developed policies to address privacy concerns you may have. For more information, please see our Privacy Statement and our Cookie Policy. To provide the best experiences, we and our fund custodian use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

10. Export restrictions / Legal compliance
Access to the website from territories or countries where the content or provision of the investment services provided through the website is illegal is prohibited. You may not use this website in violation of export laws and regulations of United States or if use of this website and our services are prohibited by the laws of the country of your location.

11. Assignment
You may not assign, transfer or subcontract any of your rights and/or obligations under these Terms, in whole or in part, to any third party without our prior written consent. Any purported assignment in violation of this section will be null and void.

12. Breaches of these Terms and Policies
Without prejudice to our other rights under these Terms, if you breach these Terms in any way, we may take such action as we deem appropriate to deal with the breach, including temporarily or permanently suspending your access to the website, contacting your internet service provider to request that they block your access to the website, and/or commencing legal action against you.

13. Indemnification & Waiver
You agree to indemnify, defend and hold us harmless from and against any and all claims, liabilities, damages, losses and expenses, relating to your violation of these Terms, policies or applicable laws, including intellectual property rights and privacy rights. You will promptly reimburse us for our damages, losses, costs and expenses relating to or arising out of such claims.

14. Waiver
Failure to enforce any of the provisions set out in these terms or failure to exercise any option to terminate, shall not be construed as a waiver of such provisions and shall not affect the validity of these Terms or of any agreement or any part thereof, or the right thereafter to enforce each and every provision.

15. Entire Agreement
These Terms and Conditions, together with our privacy statement and cookie policy, constitute the entire agreement between you and Nucleation Capital in relation to your use of this website or our fund portal.

16. Updating of Terms and Policies
We may update these Terms and Policies from time to time. It is your obligation to periodically check back for changes or updates. The date provided at the beginning is the latest revision date. Changes to these Terms and Policies will become effective upon such changes being posted to this website. Your continued use of this website following the posting of changes or updates will be considered notice of your acceptance to abide by and be bound by these Terms as updated.

17. Choice of Law and Jurisdiction
These Terms and Conditions shall be governed by the laws of the state of California, United States. Any disputes relating to these Terms and Policies shall be subject to the jurisdiction of the courts of San Mateo County. If any part or provision of these Terms and Policies is found by a court or other authority to be invalid and/or unenforceable under applicable law, such part or provision will be modified, deleted and/or enforced to the maximum extent permissible so as to give effect to the intent. The other provisions will not be affected.

18. Contact information
This website is owned and operated by Nucleation Capital. You may contact us regarding these Terms and Policies through our Contact page. Should you wish, you can also download this page as a PDF.

PRIVACY STATEMENT

Effective Date: January 2, 2026

At Nucleation Capital (“we,” “our,” or “the Fund”), we respect your privacy and are committed to protecting the personal information you share with us. This Privacy Statement explains how we collect, use, and safeguard your information.

1. Information We Collect

We only collect personal information that you voluntarily provide to us through the following channels:

Newsletter Subscribers: If you sign up for our Nucleation Insights newsletters and updates, we collect your name and email address.
Direct Communications: If you contact us via email, our website, or in person, we collect the information necessary to respond to your inquiry (e.g., contact details and the content of your message).
Investors: If you invest in our Fund, our fund custodian collects your formal identification and financial accreditation information required for qualification to subscribe. If you qualify, they will then sometimes collect addition personal information to complete their "Know Your Customer" (KYC), and Anti-Money Laundering (AML) compliance requirements. This may include your tax ID, address, nationality and banking details. We do not have access to that information. We will contact you separately to collect your email address for our reporting purposes, if we haven't previously received that from you.

2. How We Use Your Information

We use your information strictly for the following purposes:

To provide the updates, reports and newsletters you have requested.
To manage our relationship with you and respond to your communications.
To administer your investment and fulfill our legal and fiduciary duties.

3. Sharing Your Information

We are not in the business of selling or trading any of our investor data. We never share your personal information with third-party marketers. If you get any request for confirmation of confidential data, like banking info, passwords or personal ID that appears to be from Nucleation Capital, it may be a spam pfishing attack. Please do not provide that without confirming with us first.

We only share your information with third parties in the following limited circumstances:

Fund Custodian: Information regarding you and your requests will be shared with Angellist, our fund custodian and Belltower, their financial partner but only to the extent necessary for them to provide the agreed on services to facilitate the management of your investment.
Investment Requirements: We may disclose information about you and your domicile if required to do so by the companies in which we are investing, by virtue of their need to obey export laws, regulation, or legal process for the protection of sensitive nuclear information (e.g., to the SEC, CFIUS or tax authorities).
Legal Requirements: We may disclose information if required to do so by law, regulation, or legal process.

4. Data Security

We implement industry-standard security measures to protect your information from unauthorized access, alteration, or disclosure. For investor data, our fund custodian utilizes industry-standard encrypted environments and restricted access protocols.

5. Your Choices

Unsubscribe: You may opt out of our newsletter at any time by clicking the "unsubscribe" link at the bottom of any email.
Access & Correction: You may contact us at any time to review or update the personal information we hold about you. Please do let us know if your email address changes.

6. Additional Disclosures for California Residents

This section applies specifically to California residents under the California Consumer Privacy Act (CCPA), as amended by the CPRA.

A. Categories of Information Collected

In the preceding 12 months, we have collected the following categories of personal information:

Identifiers: Name, email, and IP address (via cookies).
Sensitive Personal Information: For investors only, this includes Social Security numbers, driver’s licenses, and financial account details collected by our fund custodian.
Commercial Information: Records of investments made in our Fund.

B. Your Rights Under California Law

Right to Know/Access: You have the right to request a report of what personal information we have collected about you since January 1, 2022.
Right to Delete: You may request that we delete your personal information, subject to legal and regulatory retention requirements (such as SEC or tax records).
Right to Correct: You may request that we correct inaccurate personal information.
Right to Limit Use of Sensitive Personal Information: You have the right to direct us to use your sensitive information only for necessary business purposes (e.g., processing your investment). Note: We already limit use to these purposes.
Right to Opt-Out of Sale or Sharing: We do not "sell" or "share" (for cross-contextual advertising) your data.

C. No Discrimination

We will not discriminate against you for exercising any of your CCPA rights.

D. How to Exercise Your Rights

To submit a request, please email us at admin@nucleationcapitalc.com with the subject line "CCPA Request." We will verify your identity before processing the request.

7. Contact Us

If you have any questions about this Privacy Statement or our data practices, please contact us through our Contact page.

COOKIES POLICY

Effective Date: January 2, 2026

This Cookies Policy explains how Nucleation Capital uses cookies and similar tracking technologies when you visit our website.

1. What are Cookies?

Cookies are small text files stored on your device that help us understand how you interact with our site. They can be "session cookies" (which expire when you close your browser) or "persistent cookies" (which stay until deleted).

2. How We Use Cookies

We use cookies for the following limited purposes:

Strictly Necessary: These are essential for the website to function (e.g., security and accessibility). You cannot opt out of these.
Analytics: We use tools like Google Analytics to see how many people visit our site and which pages are most popular. This data is anonymized.
Preferences: To remember your settings, such as if you have already dismissed our newsletter pop-up.

3. Your Choices and Control

Cookie Banner: When you first visit, you can choose to "Accept All" or "Reject All" non-essential cookies.
Browser Settings: You can set your browser to block or alert you about cookies.
Global Privacy Control (GPC): Our website is configured to recognize and honor GPC signals. If your browser sends an opt-out preference signal, we will automatically treat that as a request to opt-out of non-essential tracking.

4. Third-Party Cookies

Some content on our site (like embedded videos or maps) may come from third parties. These providers may set their own cookies. We do not control these cookies; please refer to the third party's own privacy policy.

FAIR INVESTMENT PRACTICES

California Venture Capital Diversity Reporting (SB 54 / SB 164)

Compliance with the Fair Investment Practices Law:

As a venture capital company with a nexus to California, Nucleation Capital is required by California law (Business and Professions Code § 22750 et seq.) to collect and report aggregated demographic information regarding the founding teams of our portfolio companies.

Collection Process: Following the closing of an investment, we will provide founding team members with a standardized survey to collect demographic data, including gender identity, race, ethnicity, disability status, LGBTQ+ identification, and veteran status.
Voluntary Participation: Providing this information is entirely voluntary. No adverse action will be taken against any founder or company should a founding team member choose not to participate or decline to provide any specific piece of information.
Anonymity and Aggregation: We collect and report this data in a manner that ensures it is anonymized and disassociated from individual founders. The data is submitted to the California Department of Financial Protection and Innovation (DFPI) only in an aggregated format (e.g., "X% of our capital was invested in companies with diverse founding teams").
Data Retention: In accordance with the law, we will maintain records of these surveys and reports for a minimum of five (5) years.

These Terms and Policies were last updated on February 23, 2026