Terms and conditions

Legal notices

Registered owner

Varsity Capital
24 rue de Caumartin
75009 Paris, France

AMF authorization n° GP-20230012
A French société par actions simplifiée with a share capital of €500,000
952 801 744 R.C.S. Paris
VAT number: FR29 952 801 744

Editorial director: Florent Thomas

Hosting

The Website is hosted by Webflow, Inc.
398 11th Street, Floor 2
San Francisco, CA 94103, United States
Email: contact@webflow.com

Intellectual property

The Website and all of its content, including texts, logos, trademarks, photos, graphics and other original material, are the property of Varsity Capital or of third parties who have authorized their use, and are protected by intellectual property laws. Any reproduction, representation, modification or distribution of all or part of the Website, by any means, without the prior written consent of Varsity Capital is prohibited.

External links

The Website may contain links to third-party websites, provided for convenience only. Varsity Capital has no control over these websites and makes no express or implied warranty regarding the information, materials, products or services they contain or make available, and cannot be held responsible for their content.

Disclaimer

The information published on the Website is provided for general information purposes only. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any financial instrument or investment fund, nor does it constitute investment, legal or tax advice. Access to the funds managed by Varsity Capital is reserved to eligible investors, in accordance with applicable regulations. Past performance is not indicative of future results. While Varsity Capital makes every effort to keep the information on the Website accurate and up to date, it cannot guarantee its completeness or accuracy.

Cookies

This website does not use cookies. We do not place any cookies or similar tracking technologies (such as local storage or device fingerprinting) on your browser, which is why you will not see a cookie consent banner when visiting the site.

To understand how the website is used, we rely on Plausible Analytics, a privacy-friendly and cookieless analytics tool. More information is available in the "Audience measurement" section below.

Personal data

Identification

Holder: Varsity Capital Registered office: 24 rue de Caumartin, 75009 Paris Email: gdpr@varsity.vc

Information and consent

By reading this Privacy Policy, the user is hereby informed on how Varsity Capital collects, processes and protects personal data furnished through the website www.varsity.vc (hereinafter, the “Website”), as well as through their connection and browsing of the Website (hereinafter, “browsing”) and those other data that may be provided in the future to Varsity Capital through the any other enabled means.

“The User”, the individual from whom the data has been collected directly or indirectly, must carefully read this Privacy Policy, which has been written clearly and simply, to facilitate its understanding, and to freely and voluntarily determine whether he/she wishes to provide their personal data to Varsity Capital or its affiliates.

Audience measurement

We use Plausible Analytics to measure the audience of the Website. Plausible does not use cookies and does not collect any personal data. It only collects aggregated statistics, such as the number of visits, pages viewed, referring websites, country, browser and device type.

Your IP address is never stored. It is used only temporarily, together with your browser's user agent, to generate an anonymous identifier that changes every day, which makes it impossible to identify you or follow you across days or across other websites.

Plausible is an EU-based company and all analytics data is hosted on servers located in the European Union. The data is not shared with or sold to any third party, and is not used for advertising.

Since no personal data is processed and no information is stored on your device, this measurement does not require your consent. To learn more, you can consult Plausible's data policy at plausible.io/data-policy.

Regulatory notices

Claim processing

Any complaint may be referred to Varsity Capital, 24 rue de Caumartin, 75009 Paris, France, or by e-mail to ir@varsity.vc.

The management company will acknowledge receipt of the complaint within a maximum of ten working days from the date it has been sent unless a response has been issued to the client in the intervening period. Except in duly justified exceptional circumstances, a response will be issued to the client within two months from the date the complaint was sent.

In the event of an ongoing dispute, the client may contact a mediator, such as the AMF Ombudsman, at the following address: Autorité des marchés financiers, Monsieur Rémi Bouchez, Médiateur de l’AMF, 17 place de la Bourse, 75082 Paris Cedex 02. The AMF mediation request form at the Mediation Charter is available online at www.amf-france.org.

Shareholder engagement policy

Varsity Capital exercises its voting rights solely in the best interests of investors, guided by the policies set forth by portfolio companies and Varsity Capital’s own principles of responsible investment and corporate governance. Varsity Capital is committed to promoting robust environmental, social, and governance (ESG) practices, recognizing their critical role in sustainable growth and long-term value creation for all stakeholders. Each year, it publishes a report detailing its approach and progress in these areas.

The shareholder engagement policy is available for review at the management company's headquarters, located at 24 rue de Caumartin, 75009 Paris, France. It can also be provided within 8 days upon request via email or regular mail.

Prevention and management of conflicts of interest

Varsity Capital has implemented a system of prevention, assessment and management of conflicts of interest. Any information on this procedure may be obtained by sending a written request to the company.

ESG policy

Varsity Capital aims at being both a responsible investor and a responsible company.

The ESG approach is entirely consistent with our investment philosophy. We believe that taking non-financial criteria into account is essential to create long-term value for our investors, our portfolio companies and our partners. Certain sectors are strictly excluded from our investment strategy, as detailed in our Responsible Investment Policy.

We integrate environmental, social and governance (ESG) considerations into our due diligence and portfolio monitoring processes. Varsity Capital supports its portfolio companies throughout their growth so that ESG practices are strengthened over time.

ESG documentation

Responsible Investment Policy

Annual ESG Report: 2025

Article 29: 202520242023

PRI Assessment Report: 2025

Integration of sustainability risks

In accordance with Article 3 of Regulation (EU) 2019/2088 (SFDR), Varsity Capital integrates sustainability risks into its investment decision-making process. A sustainability risk is an environmental, social or governance event or condition which, if it occurs, could cause an actual or potential material negative impact on the value of an investment.

Sustainability risks are assessed during the due diligence phase of each investment, notably through an ESG questionnaire and a review of the target company's activities against our exclusion list. They are then monitored throughout the holding period as part of our regular dialogue with portfolio companies and our annual ESG reporting campaign.

Our approach is described in detail in our Responsible Investment Policy, available above.

Principal adverse impacts on sustainability factors

Varsity Capital does not currently consider the Principal Adverse Impacts of its investment decisions on sustainability factors at the entity level, as defined under Article 4 of the SFDR. We actively monitor the development of PAI data quality and regulatory requirements and will review our position on an annual basis to determine whether opting in to PAI reporting would be appropriate and beneficial for our investors.

Remuneration policy and sustainability risks

Varsity Capital’s remuneration policy does not currently include specific criteria linked to sustainability risks. This approach will be reviewed over time as our ESG framework matures and as regulatory expectations continue to evolve.