Founder
Terms of Service
ANGELS DEN FOUNDER TERMS OF SERVICE
Version 1.0
Last updated: 09 April 2026 · Effective: 09 April 2026
1. Introduction and Acceptance
These Founder Terms of Service ("Terms") govern your access to and use of the Angels Den investment platform (app.angelsden.com) and related services (the "Platform") as a founder or startup applicant.
By submitting an application, creating an account, or using the Platform, you confirm that you have read, understood, and agree to be bound by these Terms, our Privacy Policy, and our Cookie Policy.
If you are submitting an application on behalf of a company, you confirm that you have the authority to bind that company to these Terms.
These Terms are between you and ANGELS DEN FUNDING LIMITED, trading as Angels Den ("Angels Den", "we", "us", "our").
Registered address: 17 Holywell Hill, Suite 33, St. Albans, England, AL1 1DT Company number: 08384317 Contact: info@angelsden.com
2. Definitions
In these Terms:
"Application" means the information and materials you submit to Angels Den through the Platform's application process, including company details, financial information, uploaded documents, and any supplementary information.
"Capital Engagement Agreement" means the Origination, Platform Access & Capital Engagement Agreement presented during the application process, which governs the commercial terms of Angels Den's introduction services, including origination fees, the tail period, and related obligations.
"Certified Investor" means an investor who has completed the FCA self-certification process on the Platform as a High Net Worth Investor or Sophisticated Investor.
"Deal Listing" means the profile page displaying your startup's information to Certified Investors on the Platform.
"Documents" means pitch decks, supporting documents, company logos, and any other files you upload through the Platform.
"Introduction" means the act of connecting you with a Certified Investor, facilitated by Angels Den in its capacity as an introducer.
"Platform" means the Angels Den investment platform at app.angelsden.com, including all associated services, features, and content.
"Vestd" means Vestd Ltd (or such other FCA-regulated SPV administrator as agreed in writing), through which investment transactions may be executed.
3. Eligibility
To submit an application and use the Platform as a founder, you must:
Be at least 18 years of age
Be authorised to act on behalf of the company submitting the application
Be capable of forming a legally binding contract under the laws of England and Wales
Not have been previously removed from the Platform for breach of these Terms
4. Angels Den's Role — Introducer, Not Adviser
Angels Den is not authorised or regulated by the Financial Conduct Authority. We operate as an introducer outside the FCA regulatory perimeter: we introduce certified investors to startups seeking investment. We do not carry on regulated activities under the Financial Services and Markets Act 2000 ("FSMA").
Angels Den does not:
Provide investment advice to investors or fundraising advice to founders
Guarantee or promise that your startup will receive investment
Endorse, validate, or underwrite your startup, its business model, its financial projections, or its suitability as an investment
Arrange deals in investments or bring about transactions in investments
Handle investment capital or hold client money
Acceptance of your application onto the Platform is an editorial decision about suitability for the Angels Den network. It does not constitute a recommendation of your startup to investors, a validation of your business claims, or a guarantee of fundraising success.
5. The Application Process
How applications work
The application process consists of multiple steps through which you provide company information, financial details, team information, and upload Documents (including your pitch deck). You may save your progress and return to complete the application later.
During the application process, you will be asked to:
Create an account (email and password)
Provide company and startup details
Upload your pitch deck and any supporting documents
Accept the Capital Engagement Agreement (see Section 10)
Accept our Privacy Policy
Submission and review
Once submitted, your Application is reviewed by the Angels Den team. We may:
Approve your Application, making your startup available as a Deal Listing to Certified Investors
Reject your Application, in which case we will notify you
Request additional information or clarification before making a decision
We aim to review applications promptly but do not guarantee a specific review timeline. We are not obliged to provide detailed reasons for rejecting an application.
Application status
You can track the status of your Application through your founder dashboard. Your application may be in one of several states, including draft, submitted, under review, approved, live, closed, or withdrawn.
6. Your Content and Intellectual Property
You retain ownership
You retain all intellectual property rights in your Documents and the content you submit through the Platform, including your pitch deck, supporting documents, company logo, and any other materials you upload or provide.
Licence you grant to Angels Den
By submitting an Application and uploading Documents to the Platform, you grant Angels Den a non-exclusive, royalty-free, worldwide licence to:
Store your Documents in our secure, access-controlled storage systems
Display your company name, logo, description, sector, key facts, and other Application details on your Deal Listing page, visible only to Certified Investors
Share your Documents (including your pitch deck and supporting documents) with Certified Investors through the Platform's secure download mechanism for the purpose of evaluating your startup as a potential investment opportunity
Use your company information in introduction communications between Angels Den and Certified Investors or between Angels Den and you
Retain your Application data for platform records and regulatory compliance purposes as described in our Privacy Policy
This licence continues for the duration of your Deal Listing and for a reasonable period thereafter to fulfil our regulatory and record-keeping obligations.
What the licence does not cover
Angels Den will not:
Publish your Documents publicly or make them accessible to anyone other than Certified Investors and Angels Den staff
Modify or alter the content of your uploaded Documents
Claim ownership of your intellectual property
Use your Documents for purposes unrelated to the Platform's introduction services
How we protect your content
Your Documents are stored in private, access-controlled storage. They are not publicly accessible. Certified Investors access your Documents via time-limited signed URLs that expire after a short period. Access requires both valid authentication and a current FCA certification. All document access is logged for audit purposes.
7. Review, Acceptance, and Deal Listing
Acceptance is not endorsement
If your Application is approved and your startup is listed on the Platform, this means that your startup has been accepted onto the Angels Den network based on our editorial assessment. It does not mean that:
Angels Den endorses your startup, its management, or its prospects
Angels Den has verified your financial projections, revenue figures, traction metrics, or any other claims in your Application
Your startup is a suitable investment for any particular investor
Your fundraising will be successful
Your startup will receive any introductions or investment interest
What Certified Investors see
When your startup is listed, Certified Investors can view:
Your company profile (name, description, sector, stage, location, key facts, team details)
Your pitch deck and any supporting documents you uploaded
Financial information you provided in your Application (revenue, funding sought, valuation, EIS/SEIS eligibility)
Due diligence reports relating to your startup, if applicable
Investors may express interest, add your startup to a watchlist, and indicate non-binding pledge amounts. These expressions of interest do not constitute investment commitments.
Listing management
Angels Den may modify, suspend, or remove your Deal Listing at any time, including if your funding round closes, if information becomes materially inaccurate, or if circumstances require it. We will endeavour to notify you of any material changes to your listing status.
8. Introductions
How introductions work
If a Certified Investor expresses interest in your startup, Angels Den may facilitate an Introduction. This typically involves connecting you with the investor by email or other means, with appropriate context about the investor's interest.
Angels Den acts as an introducer only. We connect parties but do not participate in, advise on, or manage any investment discussions or negotiations that follow an Introduction.
No guarantee of introductions or investment
Listing on the Platform does not guarantee that you will receive any Introductions or that any Introduction will result in investment. The decision to invest rests entirely with the individual investor.
9. Investment Execution
Where an investor decides to proceed with an investment following an Introduction, the actual investment transaction may be executed through Vestd Ltd (or such other FCA-regulated SPV administrator as agreed in writing), which handles investment execution, share issuance, legal completion, and related regulated activities.
Angels Den does not handle investment capital, execute investments, issue shares, or perform any regulated investment activity. Your relationship with any SPV administrator is governed by that administrator's own terms.
Origination Fee and Commercial Terms
The commercial terms of Angels Den's introduction services, including the Origination Fee and SPV fees, are set out in the Capital Engagement Agreement — a separate agreement presented during the application process.
The Capital Engagement Agreement governs the fee arrangements between you and Angels Den, including an Origination Fee of 5% of Funds Raised and, where an SPV or syndicate structure is used, an additional SPV Fee of approximately 2% (subject to minimum fee thresholds). The full fee structure, definitions, payment terms, tail period, and related obligations are set out in the Capital Engagement Agreement and are not repeated in these Terms.
By completing the application process, you accept the Capital Engagement Agreement. Your acceptance is recorded with a timestamp, your IP address, your browser information, and the version of the agreement you accepted. These records are maintained on an immutable, append-only basis for contractual evidence purposes.
If there is any conflict between these Terms and the Capital Engagement Agreement regarding fee arrangements, the Capital Engagement Agreement prevails.
11. Accuracy of Information
Your responsibility
You are responsible for the accuracy, completeness, and currency of all information and materials you submit through the Platform, including company details, financial data, traction metrics, team information, and any claims made in your pitch deck or supporting documents.
You confirm that:
All information in your Application is truthful and accurate to the best of your knowledge
Your pitch deck and supporting documents do not contain materially false or misleading statements
You will promptly notify Angels Den if any material information in your Application becomes inaccurate or outdated
You have the right to provide any information about third parties (such as co-founders or team members) included in your Application
Consequences of inaccuracy
If we become aware that information in your Application is materially false, misleading, or incomplete, we may:
Suspend or remove your Deal Listing without notice
Terminate your account
Notify any Certified Investors who have received an Introduction to your startup
Angels Den is not liable for any loss or damage arising from inaccurate, incomplete, or misleading information you provide.
12. Your Obligations
By using the Platform, you agree to:
Provide accurate information - all Application content and company information will be truthful and not materially misleading
Keep information current - you will promptly update your Application or notify Angels Den if material facts change
Respect the process - you will engage constructively with Angels Den's review and introduction processes
Maintain account security - you will keep your login credentials secure and not share your account with others
Comply with applicable laws - including company law, securities regulations, and any regulatory requirements applicable to your fundraising activities
Respect investor confidentiality - you will treat information about investors received through the Platform (contact details, investment preferences, interests) as confidential and use it only for the purpose of the relevant investment discussion
Not misuse the Platform - you will not submit fraudulent applications, upload malicious content, or use the Platform for any unlawful purpose
Honour the Capital Engagement Agreement - you will comply with the terms of the Capital Engagement Agreement you accepted during the application process
13. Data Handling
Your personal data and company data are processed in accordance with our Privacy Policy. Key points relevant to founders:
Your Application data (including company details, financial information, and contact details) is stored securely in our platform database
Your Documents (pitch decks, supporting documents, logos) are stored in private, access-controlled storage and are not publicly accessible
Application data is retained for up to 24 months from the last meaningful contact, unless an ongoing relationship is established
If your startup is approved and listed, relevant data is retained for the duration of the listing and the relationship
Your consent acceptance records are retained permanently for contractual evidence purposes
You can request access to, correction of, or (subject to regulatory limitations) deletion of your personal data by contacting info@angelsden.com
14. Application Withdrawal and Account Termination
Withdrawal by you
You may withdraw your Application at any time by contacting us at info@angelsden.com or through your founder dashboard (where this functionality is available). Withdrawal will remove your Deal Listing from the Platform. Withdrawal does not affect any obligations that have already arisen under these Terms or the Capital Engagement Agreement, including any tail period provisions in the Capital Engagement Agreement.
Account closure by you
You may close your account at any time by contacting us at info@angelsden.com. Account closure does not affect any obligations that have already arisen, including under the Capital Engagement Agreement.
Termination by us
We may suspend or terminate your account and remove your Deal Listing, with or without notice, if:
Your Application contains materially false or misleading information
You breach any material term of these Terms or the Capital Engagement Agreement
You engage in abusive, threatening, or inappropriate behaviour toward investors, other users, or Angels Den staff
You use the Platform in a manner that we reasonably believe is unlawful or could damage the reputation or operation of Angels Den
We are required to do so by law, regulation, or a court order
We may also terminate your account for any reason with 30 days' written notice.
Effect of termination
On termination, your Deal Listing will be removed from the Platform and Certified Investors will no longer be able to access your Documents through the Platform. Termination does not affect our right to retain data as described in our Privacy Policy, or any obligations under the Capital Engagement Agreement (including tail period provisions).
15. Limitation of Liability
Scope of our liability
To the maximum extent permitted by law:
Our total aggregate liability to you for any and all claims arising out of or in connection with these Terms or your use of the Platform is limited to the total fees (if any) you have actually paid to Angels Den in the 12-month period immediately preceding the event giving rise to the claim.
We are not liable for:
Any failure of your startup to attract investment interest or secure funding
Investment decisions made by investors, whether or not the opportunity was encountered through the Platform
The actions, omissions, or conduct of any investor introduced to you through the Platform
The actions, omissions, services, or terms of Vestd or any other third party
Any indirect, consequential, incidental, special, or punitive damages, including loss of profits, loss of revenue, loss of funding, loss of data, loss of opportunity, or loss of goodwill, even if we have been advised of the possibility of such damages
Any loss arising from the removal, suspension, or modification of your Deal Listing
Exclusions
Nothing in these Terms excludes or limits our liability for:
Death or personal injury caused by our negligence
Fraud or fraudulent misrepresentation
Any liability that cannot be excluded or limited under applicable law
16. Disclaimers
Platform provided "as is"
The Platform is provided on an "as is" and "as available" basis. To the maximum extent permitted by law, we disclaim all warranties, whether express, implied, or statutory, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
No guarantee of results
We do not guarantee that your application will be approved, that your startup will be listed, that you will receive Introductions, or that any Introduction will result in investment. The Platform is a tool for facilitating connections between founders and investors — outcomes depend on many factors outside our control.
No guarantee of availability
We do not guarantee that the Platform will be available at all times, uninterrupted, secure, or error-free. We may modify, suspend, or discontinue any part of the Platform at any time.
17. Electronic Communications
By creating an account, you consent to receive electronic communications from Angels Den, including:
Account-related emails (registration confirmation, password resets)
Application status notifications
Introduction communications (connecting you with interested investors)
Platform notifications related to your listing or account
These are transactional communications necessary for the operation of your account and the introduction process, not marketing. Newsletter and marketing communications are managed separately and require your explicit opt-in (see our Privacy Policy).
18. Changes to These Terms
We may update these Terms from time to time. If we make material changes, we will provide at least 30 days' notice by email to the address associated with your account and by displaying a prominent notice on the Platform.
Your continued use of the Platform after the effective date of updated Terms constitutes your acceptance of the changes. If you do not agree to the updated Terms, you should stop using the Platform and withdraw your Application before the changes take effect.
We will maintain an archive of previous versions of these Terms. You may request a copy of any previous version by contacting info@angelsden.com.
19. Dispute Resolution
Informal resolution
If you have a complaint or dispute regarding the Platform or these Terms, please contact us first at info@angelsden.com. We will acknowledge your complaint within 14 days and work to resolve it in good faith.
Formal proceedings
If the dispute is not resolved through informal communication within 30 days of your initial contact, either party may pursue formal proceedings in the courts of England and Wales.
20. General Provisions
Governing law
These Terms are governed by and construed in accordance with the laws of England and Wales. The courts of England and Wales have exclusive jurisdiction over any dispute arising out of or in connection with these Terms
Relationship with Capital Engagement Agreement
These Terms and the Capital Engagement Agreement are separate agreements. These Terms govern your use of the Platform. The Capital Engagement Agreement governs the commercial fee arrangements for Angels Den's introduction services. If there is a conflict between these Terms and the Capital Engagement Agreement regarding fee arrangements, the Capital Engagement Agreement prevails. In all other respects, these Terms govern.
Force majeure
We are not liable for any failure or delay in performing our obligations under these Terms where such failure or delay results from circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, pandemics, government actions, power failures, internet failures, or third-party service outages.
Severability
If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, that provision will be severed from these Terms and the remaining provisions will continue in full force and effect.
Entire agreement
These Terms, together with our Privacy Policy, Cookie Policy, and Capital Engagement Agreement, constitute the entire agreement between you and Angels Den regarding your use of the Platform as a founder. They supersede any prior agreements, understandings, or representations, whether written or oral.
No waiver
Our failure to enforce any right or provision of these Terms does not constitute a waiver of that right or provision. Any waiver must be in writing and signed by us.
Assignment
You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign or transfer these Terms (in whole or in part) to a successor entity, including in connection with a merger, acquisition, reorganisation, or sale of substantially all of our assets, without your consent, provided that the assignee assumes our obligations under these Terms.
Third-party rights
These Terms do not confer any rights on any person or party other than you and Angels Den. Nothing in these Terms is intended to create any rights enforceable by a third party under the Contracts (Rights of Third Parties) Act 1999.
21. Contact Us
If you have any questions about these Terms, contact us at:
Email: info@angelsden.com Address: 17 Holywell Hill, Suite 33, St. Albans, England, AL1 1DT
END OF FOUNDER TERMS OF SERVICE