Legal

BY USING THIS WEBSITE AND ITS ASSOCIATED SERVICES (“WEBSITE”), YOU AGREE TO FOLLOW AND BE BOUND BY THE FOLLOWING TERMS OF USE (“TERMS OF USE”). IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS OF USE, YOU MAY NOT ACCESS OR USE THIS WEBSITE.

The information, text, photographs, graphics, podcasts, blog posts, videos, icons, design, code, charts and other content and material contained on this Website (“Site Content”) are owned by Lightspeed and its licensors. Lightspeed grants you a limited license to reproduce portions of the Site Content for the sole purpose of reviewing the Site Content as an applicant for employment, a current or potential customer, current or potential business partner, or current or potential investor of funds managed by Lightspeed. All copyright and other proprietary notices on any Site Content must be retained on any copies. Any unauthorized reproduction or modification, distribution, or performance of any Site Content is strictly prohibited. Lightspeed and its licensors reserve all rights not granted in these Terms of Use. Lightspeed reserves the right, at any time, to modify the Site Content or to modify, suspend, or discontinue this Website or any part thereof with or without notice. Lightspeed further reserves the right, at any time and in its sole discretion, to terminate or suspend your license to use the Website or any Site Content with or without notice. You agree that Lightspeed will not be liable to you or to any third party for any modification, suspension, or discontinuance of this Website or any Site Content.

TITLES

You are advised that, although certain individuals are identified on this Website, or in content linked from this Website, as “Partners,” such titles reflect business usage that is customary within the venture capital and private equity industry and are not intended to indicate that any such individual is actually a partner of any specific partnership, as those terms are used for legal purposes.

FIRM

This Website is maintained and operated by Lightspeed. In accordance with business usage customary within the venture capital and private equity industry, this Website occasionally uses terminology that may be interpreted to suggest that the firm is a single entity; however, there is no such single entity and the entities that are referenced on this website (including indirectly through the featuring of either office locations or individual team members in distinct geographies) have their own separate legal existence. Lightspeed and each of Lightspeed India Partners (“LSIP”), Lightspeed China Partners (“LCP”) and Lightspeed Faction are separate firms that operate independently of each other. LSIP, LCP and Lightspeed Faction each manage separate funds from Lightspeed and each other. Notwithstanding the common use of the “Lightspeed” name, LSIP, LCP and Lightspeed Faction each has its own management company and general partnerships. Lightspeed France SAS (with offices in Paris and Berlin) is a subsidiary of Lightspeed that acts as advisor to Lightspeed only. Lightspeed France SAS does not advise or provide services to funds managed by Lightspeed or to any other individual or entity.

Faction Ventures, LLC (“Faction”) is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended. Faction advises its own funds and does not advise any funds managed by Lightspeed, and Lightspeed does not advise Faction or any of its or its funds’ clients. Lightspeed and Faction are parties to an agreement pursuant to which Lightspeed holds certain interests in Faction and the funds Faction manages.

Certain individuals on this Website are personnel of LSIP, and not Lightspeed. However, such individuals provide certain services to Lightspeed in connection with Lightspeed’s advice to its funds pursuant to contractual agreement and consistent with LSIP’s status as a separate investment adviser. LSIP is a “participating affiliate” of Lightspeed, as such term is used in guidance of the staff of the U.S. Securities and Exchange Commission. The relationships between Lightspeed and its affiliates are subject to change.

TRADEMARKS

LIGHTSPEED, LIGHTSPEED VENTURE PARTNERS, the LIGHTSPEED L Logo, and the names of Lightspeed’s services are trademarks and/or service marks of Lightspeed in the United States and/or other countries. Other product or service names and company names and logos mentioned on this Website may be the trademarks or service marks of their respective owners. This Website grants no license to any trademarks or service marks and you are not permitted to use the trademarks or service marks contained on this Website without the prior written consent of the respective owners.

LINKS TO THIRD PARTY SITES

This Website may contain links to third-party sites. Access to and use of such sites may be subject to terms of use different from those applicable to the Website. Access to any other Internet site linked to this Website is at your own risk, and Lightspeed is not responsible for the accuracy or reliability of any information, data, opinions, advice, statements or other content on these sites. Lightspeed provides these links merely as a convenience and the inclusion of such links does not imply any endorsement.

REGISTRATION

Some portions of the Website may require you to register. When and if you register, you agree to (a) provide accurate, current and complete information about yourself as prompted by our registration form and (b) maintain and update your information to keep it accurate, current and complete. As part of the registration process, you may be asked to select a username and password. You will be responsible for the confidentiality and use of your username and password and agree not to transfer or resell your use of or access to this Website to any third party, including by sharing your user name or password with any other individual or entity. Site Content provided through a portion of the Website that requires you to register may be confidential and subject to limitations on disclosure and use.

Site Content provided through a portion of the Website that requires you to register may be confidential and subject to limitations on disclosure and use (“Confidential Information”). You will use reasonable measures to protect the confidentiality of such Confidential Information and shall only use the Confidential Information for the purpose for which it has been disclosed to you (the “Purpose”). You shall not, without Lightspeed’s prior written consent, disclose to anyone all or any portion of the Confidential Information, other than your directors, officers, employees, consultants, professional advisers or affiliated entities (as applicable) who are reasonably required to have access to such Confidential Information in connection with the Purpose and have been advised of the confidential nature of such information and instructed to treat such information confidentially.

NOTICE FOR CALIFORNIA USERS

Under California Civil Code Section 1789.3, California users of this Website are entitled to the following specific consumer rights notice. This Website is provided to you by Lightspeed, which may be contacted regarding complaints or concerns at 2200 Sand Hill Road, Menlo Park, California, 94025, (650) 234-8300. The Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs may be contacted in writing at 400 R Street, Suite 1080, Sacramento, California 95814, or by telephone at (916) 445-1254 or (800) 952-5210.

NOTICE FOR USERS IN THE EUROPEAN UNION AND THE UNITED KINGDOM

This Website is provided to you by Lightspeed, a limited liability company established under the laws of the State of Delaware, United States, registered with the Delaware Division of Corporations under no. 4013315, with principal office at 2200 Sand Hill Road, Menlo Park, California, 94025, United States. Lightspeed may be contacted by telephone at: +1 650 234 8300 or by email at: LEGAL@LSVP.COM

CORRESPONDENCE

Lightspeed cannot and does not accept any obligations of confidentiality or any fiduciary duty with respect to any information sent to it through this Website or otherwise (including any unsolicited business plans), unless it has entered into a specific written nondisclosure agreement that covers such information (“NDA”). Absent an NDA, Lightspeed will treat any feedback, suggestions, or other submissions (“Feedback”) you provide to Lightspeed as non-confidential and non-proprietary, you agree that you will not submit to Lightspeed any Feedback that you consider to be confidential or proprietary, and Lightspeed will be entitled to use your Feedback for any commercial or other purpose whatsoever without paying any compensation to you.

MAILINGS

By submitting your contact information and any other personal information through this Website, you hereby authorize Lightspeed to use and disclose this information, including for the purposes of sending periodic mailings to you about Lightspeed products, services, and news.

RESTRICTIONS ON USE

You agree not to: (a) use the Website or Site Content in any way to disable, overburden, damage, or disrupt the Website or any Site Content, (b) use any robot, spider, or other automatic device, process, or means to access the Website or Site Content for any purpose, including to scrape, harvest or otherwise collect data or other information, (c) use any manual process to monitor or copy any of the Site Content or for any other purpose not expressly permitted under these Terms of Use, (d) use the Website or any Site Content to train any machine learning or other “artificial intelligence” models or related technology, (e) use any device, software, or process that disrupts the functionality of the Website or any Site Content, (f) introduce any viruses, Trojan horses, malicious code, or other harmful material to the Website, (g) attempt to gain unauthorized access to, interfere with, damage, or disrupt the Website or any Site Content or the server on which the Website is stored, (h) reverse engineer, disassemble, modify or otherwise access the Website or any Site Content or any underlying source code, (i) engage in any denial-of-service attack on the Website or otherwise attempt to disrupt or interfere with the functionality of the Website or (j) use the Website or any Site Content for any unethical or unlawful purpose.

GENERAL DISCLAIMER

Although Lightspeed strives to provide information that is useful and accurate, a possibility exists that the Site Content or any information, text, photographs, graphics, podcasts, blog posts, videos, icons, design, code, charts and other content and material contained in other web pages published by Lightspeed and persons affiliated with Lightspeed (“Other Site Content”) could include inaccuracies or errors. LIGHTSPEED MAKES NO REPRESENTATIONS, GUARANTEES OR WARRANTIES AS TO THE AVAILABILITY, ACCESSIBILITY, PERFORMANCE, COMPLETENESS OR CORRECTNESS OF THE WEBSITE OR ANY SITE CONTENT. THE WEBSITE AND SITE CONTENT ARE PROVIDED “AS-IS” FOR USE AT YOUR OWN RISK AND ALL WARRANTIES, EXPRESS OR IMPLIED OR STATUTORY, ARE DISCLAIMED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF TITLE, NONINFRINGEMENT OF THIRD PARTY RIGHTS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND QUIET ENJOYMENT. LIGHTSPEED ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS IN THE WEBSITE OR SITE CONTENT OR ANY FAILURE OF PERFORMANCE, INTERRUPTION, DELAY OR OTHER MALFUNCTION WITH RESPECT TO THE WEBSITE OR ANY SITE CONTENT. THE WEBSITE AND SITE CONTENT MAY NOT BE CURRENT AT THE MOMENT YOU VISIT THIS WEBSITE AND MAY CONTAIN ERRORS. LIGHTSPEED ACCEPTS NO RESPONSIBILITY FOR VIRUSES, MALWARE OR OTHER MALICIOUS OR DAMAGING SOFTWARE CONTAINED IN THE SITE CONTENT OR OTHERWISE.

USE OF THIRD-PARTY SOURCES AND OTHER DISCLAIMERS

Certain information contained in the Site Content and Other Site Content has been obtained from third-party sources. While such information is believed to be reliable for the purposes used herein, Lightspeed has not independently verified such information and Lightspeed makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein. Certain economic and market conditions contained herein have been obtained from published sources and/or prepared by third parties and in certain cases have not been updated through the date hereof. All information contained herein is subject to revision and the information set forth herein does not purport to be complete.

NOT AN OFFERING

The Site Content and Other Site Content do not constitute tax, legal, business or investment advice or an offer to provide such advice, should not be construed as advocating the purchase or sale of any security or investment or a recommendation of any company, and is not an offer, or solicitation of an offer, for the purchase or sale of any security, financial instrument or investment product. Any offer to purchase or buy securities, other financial instruments or investment products will only be made pursuant to an offering document and the subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with any such offering. Any investment decision in connection with a fund should be based on the information contained in the relevant fund’s private placement memorandum. You should always seek the assistance of a professional for tax and investment advice.

PAST PERFORMANCE

Any investments or portfolio companies referenced in the Site Content and Other Site Content are illustrative and do not reflect the performance of any fund managed by Lightspeed. Past performance is not indicative of future results and there can be no assurance that any fund managed by Lightspeed will achieve comparable results or that any future investments will be profitable. Investing in a fund involves significant risks, including loss of the entire investment. Each investment is subject to its own unique risks and the financial performance of the investments will vary from investment to investment and those variances may be material. An investment or investment strategy is impacted by numerous factors, including market and economic conditions, which are out of the control of Lightspeed and which may result in a loss to investors.

FORWARD-LOOKING STATEMENTS

Certain information contained in the Site Content and Other Site Content constitutes “forward-looking statements” that can be identified by the use of forward-looking terminology such as “may,” “will,” “attempt,” “should,” “expect,” “anticipate,” “target,” “project,” “forecast,” “estimate,” “intend,” “seek,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. All forward-looking statements are based upon assumptions that may not prove to be correct and due to various risks and uncertainties, actual events or results or the actual performance of any Lightspeed investment may differ materially from those reflected or contemplated in such forward-looking statements. There is no obligation for Lightspeed to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in the Site Content and Other Site Content are subject to change without notice and may differ or be contrary to opinions expressed by others.

THIRD-PARTY STATEMENTS AND/OR LOGOS

Any third-party statements contained in the Site Content and Other Site Content are not Lightspeed’s opinions. Lightspeed makes no representation or warranty of any kind, express or implied, as to the accuracy or completeness of information presented by any third-party speaker. It should not be assumed that any portfolio company presented is profitable or that future Lightspeed portfolio companies or experiences will be comparable. Under no circumstances should any third-party speaker’s statements be construed as an offer to sell, or a solicitation to buy, any security or as opinions regarding the provision of investment advisory services by Lightspeed. Third-party speakers are not compensated in connection with any statements made in the Site Content and Other Site Content, although they generally receive compensation and investment opportunities in connection with their role at relevant portfolio companies, if applicable. Such third-party speakers also often own securities in the respective companies and invest in Lightspeed-sponsored vehicles. Such compensation and investments subject the speakers to potential conflicts of interest in making the statements herein.

Additionally, the inclusion of any third-party firm and/or company names, brands and/or logos in the Site Content and Other Site Content does not necessarily imply any affiliation with these firms or companies. None of these firms or companies have endorsed Lightspeed, any Lightspeed fund or any associated entities or personnel.

LIMITATION OF LIABILITY

IN NO EVENT SHALL LIGHTSPEED BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA OR USE, INCURRED BY YOU WHETHER IN AN ACTION IN CONTRACT OR TORT, ARISING FROM OR RELATED TO YOUR ACCESS TO, OR USE OF, THE WEBSITE OR SITE CONTENT, WHETHER OR NOT LIGHTSPEED HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OCCURING.

LIGHTSPEED’S TOTAL CUMULATIVE LIABILITY IN CONNECTION WITH THESE TERMS OF USE, THIS WEBSITE, OR THE SITE CONTENT, WHETHER IN CONTRACT, TORT, OR OTHERWISE, SHALL NOT EXCEED FIFTY DOLLARS ($50). SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY. ACCORDINGLY, WITH REGARD TO THESE JURISDICTIONS, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU AND LIGHTSPEED’S LIABILITY SHALL BE LIMITED TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW.

INDEMNIFICATION

You agree to indemnify, defend, and hold harmless Lightspeed, its affiliates, and its and their respective officers, members, directors, employees, contractors and agents from any liability, damage, loss, penalty, and cost of any kind (including reasonable attorney’s fees and expenses) arising out of or related to your use of the Website or Site Content or your violation of these Terms of Use.

AMENDMENT

Lightspeed may, at any time, revise these Terms of Use by updating this posting. By using this Website, you agree to be bound by any such revisions and, therefore, you should periodically visit this page of this Website to examine the then-current Terms of Use. Certain provisions of these Terms of Use may be superseded by expressly designated legal notices or terms located on particular pages of this Website.

GENERAL PROVISIONS

These Terms of Use set forth the entire agreement between you and Lightspeed with respect to the subject matter hereof and supersede all prior agreements related to such subject matter; provided that, nothing contained in these Terms of Use modifies any other written agreement you may have with Lightspeed, and to the extent there is any conflict between these Terms of Use and the terms of any such other agreement, the terms of such other agreement will govern. These Terms of Use are binding on you as well as your successors and permitted assigns. If any provision of these Terms of Use is, for any reason, held to be invalid or unenforceable, the other provisions of these Terms of Use will be unimpaired and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law. These Terms of Use and any action related thereto will be governed, controlled, interpreted, and defined by and under the laws of the State of California, without giving effect to any conflicts of laws principles that require the application of the law of a different state. By using this Website, you hereby expressly consent to the personal jurisdiction and venue in the state and federal courts for the county in which Lightspeed’s principal place of business is located for any lawsuit filed there against you by Lightspeed arising from or related to these Terms of Use.

CONTACT

Effective: December 18, 2025