Privacy Policy

Information We Collect

At Virena, we collect various types of information to provide and improve our fundraising platform services. This includes personal information you voluntarily provide when creating an account, submitting funding applications, or communicating with our team.

• Personal identification information including name, email address, phone number, and business address
• Financial information such as banking details, revenue data, and funding history for due diligence purposes
• Business information including company registration details, business plans, and pitch materials
• Technical data including IP addresses, browser types, device information, and usage patterns
• Communication records including emails, chat logs, and meeting notes with our investment team

How We Use Your Information

Your information serves specific purposes within our fundraising ecosystem. We use this data to match startups with suitable investors, conduct necessary due diligence processes, and facilitate successful funding rounds.

• Evaluating funding applications and assessing investment readiness
• Connecting qualified startups with relevant investors in our network
• Providing personalized advice and recommendations for fundraising strategies
• Conducting background checks and due diligence as required by investors
• Communicating updates about funding opportunities and platform developments
• Improving our services through analysis of user behavior and feedback
• Ensuring platform security and preventing fraudulent activities

Information Sharing and Disclosure

We understand that fundraising involves sensitive business information. Our sharing practices are carefully designed to protect your interests while enabling necessary business processes.

We share information with potential investors only after receiving your explicit consent and typically under signed non-disclosure agreements. This includes sharing pitch decks, financial projections, and other materials you've specifically approved for investor review.

• Qualified investors who have expressed interest in your funding round
• Professional service providers including lawyers, accountants, and due diligence firms
• Third-party verification services for background checks and financial validation
• Regulatory authorities when required by law or legal proceedings
• Service providers who assist with platform operations under strict confidentiality agreements

Data Security and Protection

Given the sensitive nature of fundraising information, we implement comprehensive security measures to protect your data from unauthorized access, disclosure, or misuse.

• End-to-end encryption for all sensitive communications and document transfers
• Multi-factor authentication requirements for accessing confidential information
• Regular security audits and penetration testing by third-party security firms
• Secure cloud storage with enterprise-grade access controls and monitoring
• Employee background checks and comprehensive confidentiality training
• Incident response procedures for addressing potential security breaches

While we maintain industry-leading security standards, no system is completely immune to risks. We continuously monitor and update our security practices to address emerging threats in the digital landscape.

Your Privacy Rights

You maintain significant control over your personal information and how it's used within our platform. These rights are designed to give you transparency and control over your data.

• Access your personal information and receive copies of data we hold about you
• Correct inaccurate or incomplete information in your profile or applications
• Delete your account and associated data, subject to legal retention requirements
• Restrict processing of your information for specific purposes
• Object to certain uses of your data, particularly for marketing communications
• Receive your data in a portable format for transfer to other services
• Withdraw consent for data processing where consent is the legal basis

To exercise these rights, contact our privacy team using the information provided below. We'll respond to your request within 30 days and may require identity verification to protect your information.

Data Retention and Deletion

We retain your information only as long as necessary to provide our services and comply with legal obligations. Different types of information have varying retention periods based on their purpose and regulatory requirements.

• Active user accounts and associated data are maintained while you use our services
• Financial records and due diligence materials are kept for seven years after funding completion
• Communication records are retained for three years for quality assurance purposes
• Marketing communications data is deleted within two years of last engagement
• Technical logs and analytics data are automatically purged after 12 months

When you delete your account, we remove personal information within 90 days, though some data may be retained longer to comply with legal obligations or resolve disputes.

International Data Transfers

As we work with international investors and service providers, your information may be transferred outside Israel. We ensure appropriate safeguards are in place for these transfers.

Updates to This Policy

We may update this privacy policy periodically to reflect changes in our practices, services, or legal requirements. Significant changes will be communicated through email notifications and prominent notices on our platform.

Continued use of our services after policy updates constitutes acceptance of the revised terms. We encourage you to review this policy regularly to stay informed about how we protect your information.