Privacy Policy

Growceanu is aware of the importance of your data and is committed to protecting its confidentiality and security. Therefore, it is important for us to provide you in an integrated and practical manner with information related to the processing of your personal data as data subjects, as users of the website https://www.growceanu.com (hereinafter referred to as the "Website") and members in the Growceanu Investors platform (hereinafter referred to as the "Platform"), under this Personal Data Processing Policy, applicable for the purposes listed below.

This Policy is applicable to all devices used to access the Website or Platform, smartphones, PCs, tablets. If you do not agree with the terms and conditions relating to their use (set out in this document from the point of view of personal data protection) please do not use the Website or Platform.

Please read carefully this policy in order to understand how we handle your personal data.

Please visit this section regularly as the policy may be subject to change or update. Any significant changes to this policy will be notified.

By using the website and platform, you agree to the collection, processing, and transfer of your data as described in this privacy policy.

In addition to this policy, please read our Cookie Policy and our Terms and Conditions.

The information collected on our website and platform is subject to the General Data Protection Regulation 2016/679 (Regulation (EU) 2016/679), also known as the GDPR). 

Should you need any additional information on how we use your personal data, you can write us using the Contact page or you can send an email at [email protected].

Who are we 

Growceanu Angel Investment S.R.L. (hereinafter referred to as ‘Growceanu’) is a limited company registered in Romania, registered in the Trade Register with registration number J35/3430/2018 and our fiscal code is RO39963685.

Registered address: Romania, Timiș County, Dumbrăvița, Magnoliei Street, no. 8/1, room 1

Contact details

+40 744702061 | [email protected] | Growceanu.com

Using our website and platform

Accessing or using any part/function of our website and out platform, you agree to accept and comply with the terms, conditions and policies mentioned and/or available through hyperlink and you admit having the minimum legal age according to the applicable national law. If you do not accept the terms, conditions and policies set forth in this documentation, then you should not continue to access our website and/or use our services.

Where do we take your data from 

Generally, the personal data we collect is provided by you through email, through the contact form on our website, on social media, when you create an account on the Growceanu Investors Platform.

We can also receive your personal data from legal persons you represent in relation to Growceanu, in case you are, for example, named as a contact person or legal representative. In all cases where we receive your personal data from a legal person, the legal person has the obligation to inform you in this regard.

In addition, when you interact with us on social networks (i.e. likes, shares, comments, reviews, etc.), we will inevitably have access to your information, especially data that you have made public on your social media profile.

How do we use your personal data

Please find below the purposes for which we process your data, the persons who have access to your data, and how we store it.

1. We collect your data when you interact with us using the contact details available on our website or on social media 

If you interact with us using the contact details available on the website and on the platform or through the messenger of social networks (i.e. for information, feedback etc.), we will use your contact details and the data you provide us in order to handle your request, to assess the satisfaction of our customers and to continuously improve the services we offer.

Personal data

Last name, first name, phone number, email address, data you made available on your social media account and any other data you voluntarily send us.

Lawfulness of processing

  • We process your data in order to answer your request before concluding a contract (Art. 6/1/b of Regulation (EU) 2016/679)
  • Pursuing our legitimate interest to answer any questions, complaints, or recommendations you send us, and to improve the services and experience we offer to our customers (Art. 6/1/f of Regulation (EU) 2016/679)

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our website
  • Social media platforms: Facebook, LinkedIN
  • Collaborators and partners involved in the operational activity of the website or Platform
  • Regulatory and other state authorities, if required by legal or statutory provisions.

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long will we store the data

We will store your data in our communication database for a maximum of 12 months after our last interaction.

Data transmitted through social media networks will be stored by them according to their policies.

Where is the data stored

The data registered through our website will be stored on the hosting provider's servers, located in the USA.

Data transmitted through social media networks will be stored by them according to their policies.

Data we download locally will be stored on our secure, local and cloud servers.

2. We collect your data when you create an account on Growceanu Investors platform 

We use this information to facilitate your full access to the Growceanu Investors platform. Without the processing of this personal data, running and operating a Growceanu Investors account is impossible.

You can also login to Growceanu Investors with your Google account.

By registering an account on our platform, you will be able to:

  • Personalise your profile;
  • See other members’ profiles;
  • Express interest in a start-up;
  • Showing interest in events;
  • Communicate with the Growceanu team;
  • Access to the start-ups documents
  • Evaluate start-ups.

Once a user has created an account on the Platform, he/she has the possibility to voluntarily complete the details of his/her profile. 

If an investor sets its profile to public, the image and LinkedIn profile link will be published on the website.

Personal data

Your full name, phone number, your email address, image, LinkedIn profile, your interests, your expertise

Lawfulness of processing

We process your data pursuing our legitimate interest, namely, in order to ease your access to the start-ups on the platform and to the investment opportunities, (art. 6/1 / f GDPR)

We process your data with your consent (art. 6/1 / a GDPR)

We also process your data in order to take steps for concluding a contract (Art. 6/1/b) GDPR)

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our platform
  • Regulatory and other state authorities, if required by legal or statutory provisions.
  • Google, if you login with a Google account
  • Start-ups in which you expressed an interest.

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long will we store the data

We will keep your data in your account as long as you decide to keep the account open.

If you end up making an investment through Growceanu, we will store your data during the performance of the contract and until you exit all the startups you invested and close your Growceanu investor account.

Where is the data stored

The data registered through our platform will be stored both locally and on cloud servers, provided by Google, which are located in Belgium.

The data will also be stored in our management system faur.growceanu.com.


We recommend you to follow these guidelines when choosing a password:

  • Include both uppercase and lowercase letters (for example a-z and A-Z).
  • Include numbers and special characters (e.g.! @ # $% ^ & * () _ + =} {: ”?> <)
  • Include at least six alphanumeric characters.
  • Do not use a word in any language, jargon, dialect, etc.
  • Do not use personal information, last name, etc.

3. Concluding contracts - for angel investing and services provided by Growceanu

We process in particular the information in the documents and the information necessary for concluding and fulfilling the contracts for investing in start-ups. 

Personal data

Name, surname, telephone number, e-mail address, signature, role in the company, name of the company, CUI, investment documents, information from the identification documents, bank accounts other documents required by law

Lawfulness of processing

We process your data in order to perform a contract (Art. 6/1/b) GDPR)

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our platform or suppliers of customer relationship management systems: Google Cloud Platform
  • Regulatory and other state authorities, if required by legal or statutory provisions. Entities that assist Growceanu in the processing of data as proxies, insurers, public authorities (Prosecutor's Office, police, courts and other competent bodies of state)
  • Notary offices
  • Suppliers of customer relationship management systems
  • Email service providers

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long we will store the data

We will keep your data through the duration of the contract and afterwards according to the national legislation (such as accounting data)

Where the data is stored

Data we download locally will be stored on our secure, local and cloud servers. We use Google Cloud services which stores your data in Belgium.

4. We collect your data when you react to our content posted on social media platforms or you share information from our website

You may find us on Facebook, Twitter, Youtube and LinkedIn. Whenever you interact with us through our social media accounts (eg comments, likes, shares, reviews, etc.) we will have access to your data made publicly available on your profiles.

Personal data

Name, photo, any publicly accessible information on your social media profiles, or voluntary communicated by you.

Lawfulness of processing

We process your pursuing our legitimate interest (Art. 6/1/f of Regulation (EU) 2016/679) to improve our services and keeping you up to date with news that Growceanu publishes and which may be of interest to you.

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our website
  • Online platforms: Facebook, Twitter, Youtube, LinkedIN
  • The integrated social media marketing service provider with which the company has an ongoing contract
  • Regulatory and other state authorities, if required by legal or statutory provisions.

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long will we store the data

Data shared on social media networks will be stored by them according to their policies.

Where data is stored

Data we download locally will be stored on our secure, local and cloud servers.

5. Enhancing an easy and pleasant navigation on our website

When you visit our website, we collect data about you through online identifiers (cookies and IP), stored in log files.

We use this information to be able to design our website according to the needs of our users. We may also use your IP address to diagnose any malfunctions of our servers and to manage our website, analyse trends, track visitor movements, and collect general demographic information that helps us identify visitor preferences.

You can find more information about cookies, as well as how to delete cookies and deactivate their tracking system by accessing the Cookie Policy available on our website.

Personal data

Internet Protocol (IP), computer general location, device (country level), website viewing history, timestamp, request/action

Lawfulness of processing

  • We use cookies pursuing our legitimate interest, in order to make your experience on our website easy and pleasant, (Art. 6/1 / f of Regulation (EU) 2016/679)
  • Non-essential cookies are not used without your consent (Art. 6/1 / a of Regulation (EU) 2016/679)

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our website 
  • Third parties that place cookies: google.com, webflow.com, hotjar.com.
  • Regulatory and other state authorities, if required by legal or statutory provisions.

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long will we store the data

There are session cookies and persistent cookies. While the session cookies are deleted when the browser is closed, the persistent cookies may have a different lifetime, depending on the cookie’s purpose.

You may find more information about the lifetime of the cookies we use in our Cookies Policy.

Where data is stored

Data is stored on servers located in USA.

6. Marketing and commercial communications 

We may send you information about the products and services we offer if you have required it (via email, contact page or by subscribing to our newsletter) or in case you are already our customer, and this information is of particular interest for you.

Personal data

Last name, first name, phone number, email address,

Lawfulness of processing

  • We process these data based on your consent (Art. 6/1/a of Regulation (EU) 2016/679) given to perform marketing communications
  • We will process these data pursuing our legitimate interest in case you are our customer and we consider that the information could be of great interest to you (Art. 6/1/f of Regulation (EU) 2016/679)

Who can we share your data with?

  • IT service providers for our company (hosting and data storage), providers to whom we outsource certain technical support services for our website
  • Newsletter service provider: with which the company has an ongoing contract
  • SMS Marketing service provider: with which the company has an ongoing contract
  • The integrated social media marketing service provider with which the company has an ongoing contract
  • Regulatory and other state authorities, if required by legal or statutory provisions

We will only disclose your personal data to the extent that this is strictly necessary to achieve our specified purpose.

How long will we store the data

  • In case of a subscription to the newsletter, the data processing will continue until you request to unsubscribe you 
  • In case of processing conducted in our legitimate interest, when you are already our customer, we will process your data during the performance of the contract and we will continue to do so for 1 year after the termination of the contract

Where data is stored

The data registered through our website will be stored on the hosting provider's servers, located in the EU, the United Kingdom and the United States of America.

Data shared with the newsletter or SMS service provider will be stored on their servers, according to their policies.

Data we download locally will be stored on our secure, local and cloud servers.

Important:

If you no longer wish to receive newsletters or informational materials from Growceanu, you have to click on the "Unsubscribe" button available on the emails we sent you.

 

Is the data processed by Growceanu safe? 

Growceanu pays close attention to protect your data and applies appropriate technical and organizational measures to ensure the protection of personal data processed, appropriate to the risks and categories of data protected. In particular, we protect your data by limiting the access to authorized persons, respecting the applicable laws, as well as taking measures against data change, loss, damage or destruction.

Remember, however, that no data processing is guaranteed 100% secure!

If you suspect a breach of the confidentiality of your data, please contact us immediately at [email protected].

Important: After the data retention period ends, your data will be deleted. We will continue to use this data only after its irreversible anonymization, in case we believe it could help us improve the quality of our products or services.

Links to other websites

Our website may contain links to other websites that are not owned or controlled by us. Please note that we are not responsible for the privacy practices of other websites or third parties. We encourage you to be aware of this fact when you leave our website and to read the privacy policies of each website that may collect your personal data.

Exemption of liability

The content included on our website is shown for information purposes only and it is made available in good faith. If the published content or any other information falls under the copyright laws or related laws, please let us know at [email protected], in order to take legal action.

Growceanu assumes no responsibility and cannot be held liable for any damages caused by the improper use of the products/services contracted through this website.

We do not assume the liability for malfunctions, viruses, damage caused by system errors caused when accessing our webpages.

However, we will do our best to keep the information provided updated.

The image of the products is purely informative; some features of the products presented on the website may be modified without notice or may contain operation errors. In addition, it may happen that product descriptions could be incomplete, even if we try to keep the most relevant information.

Processing minors’ data

Growceanu website and Growceanu platform are not intended to be used by minors. Growceanu does not collect, knowingly, information about children under 18 years old. If we discover that a minor has used our website without the consent of his/her legal guardian, we will delete all the personal data related to him/her.

International data transfers

Your personal information will be transferred to recipients established outside the European Economic Area, including the United Kingdom and the United States of America. We will ensure that all transfers take place in accordance with applicable data protection laws.

If the country in which we will transfer your data is outside of the EEA and has not been recognized as providing adequate protection by the European Commission, the transfer shall be made based on agreements using standard contractual clauses or other appropriate guarantees, under the applicable law.  We will authorize the international transfer of data only to controllers/processors who offer adequate guarantees, provide opposing rights and effective remedies for the data subjects.

This means that we will take additional steps in order to ensure that your personal data is treated just as safely and securely as it would be within the EEA under the GDPR including:

  • Having a GDPR-compatible Data Processing Addendum with sub-processors in third countries;
  • Making sure that such sub-processors have adequate security procedures in place.

Your rights

As a data subject, you have specific legal rights with respect to the personal data we collect and process. Growceanu respects your rights and upholds your interests.

Withdraw consent: If the processing is carried out based on your consent, you can always withdraw it.

Data rectification: If you notice that we have stored your personal data with any error, you can always request its rectification. We make reasonable efforts to keep personal data – that is used continuously and is in our possession or control - accurate, complete, current, and relevant, based on the latest available information we have.

Restriction of data processing: If you find yourself in one of the following situations, you can ask us to restrict the processing of your data:

  • You contest the correctness of personal data for the period in which we must verify its accuracy;
  • The processing is illegal and you request the restriction of processing rather than deletion;
  • We no longer need your personal data, but you request it to state, exercise, or defence a right; or
  • You object to the processing while we verify that our legitimate reasons overtake your rights.

Access your data: You can require information about the personal data we process, including information about what categories of data, what they are used for, where we collected them, if they are not collected directly from you and to whom they were disclosed (if any). You can obtain a copy from us, free of charge, with the personal data that we keep about you. We reserve the right to charge a reasonable fee for abusive requests.

Data portability: Upon request, and where technically possible, we will transfer your personal data to another controller, if the processing is based on consent or on th execution of a contract and is carried out by automated means. Instead of receiving a copy of your personal data, you may request the transfer of your data directly to another controller specified by you.

Right of deletion: You may obtain the deletion of your personal data if:

  • data are no longer needed for purposes for which they were processed;
  • you object to the further processing of personal data (see Right of Opposition below);
  • personal data have been processed illegally;
  • you withdraw your consent based on which the processing takes place

Unless the processing is necessary:

  • to fulfil a legal obligation that requires us to process those data;
  • according to the legal provisions regarding data retention;
  • to state, exercise, or defence a right in court.

Right of opposition: You can object to the processing of personal data at any time due to your special condition. In this case, we will no longer process your personal data, unless we can prove a well-founded, legitimate reason, a major interest for the process, or to state, exercise, or defence a right. When you object to the processing, please specify whether you wish to delete your personal data or to restrict its processing.

Right to file a complaint: In case of an alleged violation of the data protection legislation, you can file a complaint to the national supervisory authority for data protection.

Remember!

Time period: We will try to answer your request within 30 days. However, the period might be extended regarding the request's complexity.

Restricting access: In certain situations, we may not be able to grant you access to all or part of your personal data due to restrictions provided by law. If we refuse your request to access your data, we will inform you of the reason for the refusal.

Impossibility of identification: In some cases, we may not be able to identify personal data due to the lack of identification elements provided in the application you send us. In such cases, if you do not provide additional information to identify you, we will not be able to comply with your request and allow you to exercise your legal rights, as described in this section.

Exercising your legal rights

To exercise your legal rights, or should you wish any other additional information on how we use your data, please contact us in writing at [email protected]

Last updated on 17th of August 2022