These Terms of Use and Newsletter Terms ("Terms") govern your access to and use of the Capital and Liquidity website, publications, newsletters, emails, articles, reports, commentary, databases, media, social media content and other services made available by Capital and Liquidity.
Capital and Liquidity is operated by:
Batchmore B.V. trading as Capital and Liquidity
KvK: 75109123
VAT / BTW: NL860145682B01
Visiting Address
Papaverweg 34 - unit B100
1032 KJ Amsterdam
The Netherlands
Postal Address
Postbus 56907
1040 AX Amsterdam
The Netherlands
Editorial and website enquiries: [email protected]
Company enquiries: [email protected]
In these Terms, "Capital and Liquidity", "we", "us" and "our" mean Batchmore B.V. trading as Capital and Liquidity.
"Content" means anything published or distributed by us, including articles, analysis, commentary, opinions, newsletters, reports, research, interviews, graphics, charts, photographs, videos, podcasts, databases, data, social media posts and other material.
1. Acceptance of These Terms
By accessing, browsing, subscribing to or otherwise using Capital and Liquidity, you acknowledge these Terms and agree to comply with them.
If you do not agree with these Terms, you should not use the website or our services.
Certain products, services, subscriptions, reports or other offerings may have additional terms. Where additional terms apply, those terms will form part of your agreement with us and may take precedence in relation to the relevant service.
2. Nature of Capital and Liquidity
Capital and Liquidity is a business and financial media publication.
We publish news, research, opinions, commentary and analysis relating to topics that may include:
- business and corporate strategy;
- startups and growth companies;
- founders and entrepreneurship;
- venture capital and private equity;
- investors and investment markets;
- fundraising and capital formation;
- debt and structured capital;
- shareholder liquidity;
- mergers and acquisitions;
- strategic transactions;
- public and private companies;
- financial markets;
- technology;
- corporate finance;
- valuations;
- leadership;
- business performance;
- acquisitions, disposals and restructurings; and
- other business, capital and financial matters.
Our Content may include reporting, analysis, personal views, third-party views, estimates, forecasts, interpretation and opinion.
3. No Investment Advice
Capital and Liquidity is a media publication. Unless expressly stated under a separate written engagement, our Content is provided for general information, journalism, education and commentary purposes only.
Nothing published by Capital and Liquidity should be treated as personalised:
- investment advice;
- financial advice;
- securities advice;
- portfolio advice;
- tax advice;
- accounting advice;
- legal advice;
- regulatory advice;
- credit advice; or
- other professional advice.
We do not consider your personal financial circumstances, investment objectives, financial position, risk tolerance, tax position or investment experience when producing general editorial Content.
You should not make an investment, financing, acquisition, disposal or other financial decision solely on the basis of anything published by Capital and Liquidity.
You should conduct your own due diligence and, where appropriate, obtain advice from appropriately qualified and authorised financial, investment, legal, accounting, tax or other professional advisers.
4. Investment Recommendations and Financial Instruments
We do not intend general editorial Content to constitute personalised investment advice or a personalised recommendation.
However, financial-market laws may apply to certain forms of public commentary or analysis concerning financial instruments, issuers or investment strategies regardless of the terminology used to describe that Content.
Where Content constitutes an investment recommendation or similar regulated communication under applicable law, Capital and Liquidity will seek to comply with applicable transparency, disclosure and presentation requirements.
Where required or appropriate, this may include disclosure of:
- the identity of the author;
- relevant interests or holdings;
- commercial relationships;
- conflicts of interest;
- sources;
- assumptions;
- the distinction between facts and opinions; and
- the date or period to which information relates.
The presence of a disclaimer does not alter the legal character of a communication where applicable law determines otherwise.
5. No Offer or Solicitation
Unless expressly stated otherwise in a legally compliant document, nothing on Capital and Liquidity constitutes:
- an offer to sell securities or financial instruments;
- a solicitation of an offer to purchase securities or financial instruments;
- an invitation to invest;
- an offer of investment management services;
- an underwriting commitment;
- a financing commitment;
- an offer to arrange a transaction; or
- a guarantee that any investment, financing or transaction is available to any person.
References to investments, investors, lenders, companies, transactions, funding rounds, financial instruments or opportunities are made for editorial and informational purposes unless explicitly stated otherwise.
6. No Advisory, Broker or Fiduciary Relationship
Your use of Capital and Liquidity does not create any:
- adviser-client relationship;
- investment management relationship;
- broker-client relationship;
- fiduciary relationship;
- agency relationship;
- partnership;
- joint venture;
- lender-borrower relationship; or
- professional-client relationship.
Any professional or commercial engagement with Batchmore B.V. or another party must be governed by a separate written agreement.
7. Investment and Business Risk
Investing and conducting business involve risk.
The value of investments can rise or fall. Businesses can fail. Transactions may not complete. Financing may not become available. Forecasts may prove incorrect.
Past performance does not guarantee future performance.
Historical results, examples, case studies, valuations and previous transactions should not be interpreted as predictions of future outcomes.
You remain solely responsible for decisions you make based on information available through Capital and Liquidity.
8. Forward-Looking Information
Our Content may include forecasts, expectations, projections, estimates, scenarios or other forward-looking statements.
Such statements inherently involve uncertainty.
Actual outcomes may differ substantially because of factors including:
- economic conditions;
- interest rates;
- market movements;
- competitive developments;
- management decisions;
- regulation;
- geopolitical developments;
- technology;
- financing conditions; and
- circumstances that were unknown when the Content was published.
Forward-looking statements should not be treated as guarantees.
9. Accuracy and Availability of Information
We aim to produce useful and well-researched Content.
However, information may be incomplete, inaccurate, outdated, subsequently corrected or based on information obtained from third parties.
We do not warrant or guarantee that Content is:
- complete;
- error-free;
- current;
- accurate;
- suitable for any particular purpose; or
- continuously available.
Market prices, valuations, company information, financial information, transaction information and other data can change rapidly.
Publication dates should therefore be considered when assessing any Content.
We are under no general obligation to update previously published Content merely because circumstances subsequently change.
We may correct, update, amend, withdraw, archive or remove Content at any time.
10. Sources and Third-Party Information
Capital and Liquidity may rely on information from sources including:
- companies;
- founders;
- investors;
- financial databases;
- regulatory filings;
- government publications;
- press releases;
- interviews;
- public records;
- research providers;
- journalists;
- other publications; and
- third-party websites.
We may not independently verify every statement made by a third party.
Quotations, claims and opinions attributed to third parties remain the statements or opinions of those parties.
Mentioning a person, company, investor, fund, product or organisation does not necessarily mean that Capital and Liquidity endorses it.
11. Editorial Opinion
Some Content represents opinion rather than objective fact.
Opinion pieces, analysis and commentary may reflect the views of the individual author and may not necessarily represent the views of Batchmore B.V., Capital and Liquidity, its employees, partners or contributors.
Different contributors may hold different or opposing views.
The publication of a particular viewpoint does not constitute our endorsement of every statement made by its author.
12. Conflicts of Interest
Authors, contributors, employees, owners or commercial partners of Capital and Liquidity may from time to time have interests in companies, industries, investments or transactions discussed in our Content.
Where required by law, or where reasonably necessary for readers to understand a material potential conflict, relevant interests should be disclosed.
Sponsored, paid, affiliate or commercial Content will be identified where required by applicable law or our editorial policies.
13. Sponsored and Commercial Content
Capital and Liquidity may generate revenue through:
- advertising;
- sponsorship;
- partnerships;
- subscriptions;
- affiliate relationships;
- research;
- events;
- commercial collaborations;
- referral arrangements; or
- other commercial activities.
Commercial relationships do not automatically constitute editorial endorsement.
Where Content has been sponsored or materially influenced by a commercial arrangement, we will seek to identify that relationship where required by applicable law or appropriate editorial standards.
14. Artificial Intelligence and Technology
Capital and Liquidity may use software, artificial intelligence, automation and other technology to assist with activities such as research, transcription, data analysis, editing, summarisation, production and administration.
Technology-assisted Content remains subject to editorial review processes that we consider appropriate for the relevant material.
The use of technology does not create a guarantee that Content is complete or error-free.
15. Copyright and Intellectual Property
Unless otherwise indicated, all intellectual property rights in Capital and Liquidity and its original Content belong to Batchmore B.V., its licensors or the relevant rights holder.
This includes rights relating to:
- articles;
- reports;
- newsletters;
- research;
- analysis;
- graphics;
- illustrations;
- photographs;
- videos;
- audio;
- databases;
- compilations;
- website design;
- layouts;
- branding;
- logos;
- trademarks;
- software;
- data organisation; and
- other original material.
Content is protected by applicable copyright, database, trademark and other intellectual property laws.
All rights are reserved.
16. What You May Do With Our Content
Unless Content is subject to different stated terms, you may:
- read and view Content for personal or internal business purposes;
- share a direct link to an article or page;
- refer to our reporting;
- quote reasonable, limited extracts where permitted by applicable copyright law; and
- share our Content using sharing functionality provided by us.
Where you quote or reference our Content, you should provide clear attribution to Capital and Liquidity and, where reasonably possible, link to the original publication.
17. What You May Not Do With Our Content
Except where permitted by mandatory law or where you have our prior written permission, you may not:
- reproduce entire articles or newsletters;
- republish substantial portions of our Content;
- copy Content onto another website or publication;
- syndicate our Content;
- sell or commercially redistribute our Content;
- systematically download Content;
- create a competing publication, database or service from our Content;
- remove copyright or attribution notices;
- falsely claim our Content as your own;
- materially modify Content and attribute the modified version to us;
- circumvent paywalls or access controls;
- frame or mirror substantial parts of the website;
- systematically scrape or crawl the website;
- use automated systems to extract substantial quantities of Content;
- create commercial datasets from our Content; or
- use our Content in a manner that infringes our intellectual property rights.
Nothing in these Terms restricts any right or exception that cannot legally be restricted by contract.
18. Text and Data Mining, AI Training and Machine Learning
To the fullest extent permitted under applicable law, Capital and Liquidity and its relevant rights holders expressly reserve all rights relating to text and data mining, computational analysis and automated extraction of Content.
This reservation includes, where legally applicable, a reservation of rights under Article 4(3) of Directive (EU) 2019/790 and applicable implementing legislation.
Except where permitted by an exception that cannot lawfully be excluded, you may not use Capital and Liquidity Content without prior written permission for:
- commercial text and data mining;
- training artificial intelligence systems;
- training or fine-tuning machine-learning models;
- creating model training datasets;
- creating embeddings or vector databases intended to reproduce or commercially exploit our Content;
- large-scale automated summarisation;
- retrieval-augmented generation systems;
- synthetic dataset creation;
- commercial language-model development; or
- similar automated exploitation.
We may also communicate these reservations using robots instructions, metadata, machine-readable protocols or other technical measures.
Search engines may index Content where allowed by our technical settings and policies.
19. Database Rights
Where Capital and Liquidity has made a substantial investment in obtaining, verifying, organising or presenting collections of information, those collections may also be protected by database rights.
Except where permitted by law or with our written consent, you may not systematically extract, reuse, reproduce or redistribute all or a substantial part of such a database.
Repeated extraction of smaller portions may also be prohibited where it amounts to systematic exploitation of the database.
20. Trademarks and Branding
"Capital and Liquidity", associated logos, designs, names, marks and branding may constitute trademarks or other protected identifiers.
Nothing in these Terms grants you permission to use our branding in a way that suggests sponsorship, endorsement, affiliation or partnership without our prior written permission.
Third-party names and trademarks appearing on the website belong to their respective owners.
21. Republishing and Licensing
Publishers, businesses, platforms, AI companies, research organisations and other organisations wishing to reproduce, license, syndicate, distribute or commercially use our Content should obtain prior written permission.
Licensing enquiries:
22. User Contributions and Submissions
We may allow users, readers or contributors to submit comments, ideas, pitches, articles, photographs, data, tips, feedback or other material.
You must not submit anything that:
- infringes another person's intellectual property rights;
- breaches confidentiality;
- is defamatory;
- is unlawful;
- is fraudulent or misleading;
- contains malware or harmful code; or
- violates another person's privacy or other rights.
You retain ownership of material you own.
However, unless a separate written agreement states otherwise, by voluntarily submitting material for publication you grant us a worldwide, non-exclusive, royalty-free licence to use, reproduce, edit, adapt, publish, distribute, archive and promote that material in connection with Capital and Liquidity and its publications.
You confirm that you have the necessary rights to grant us that licence.
Separate contributor or licensing agreements will take precedence where applicable.
23. Unsolicited Information and Confidentiality
Do not send confidential, price-sensitive, privileged, proprietary or commercially sensitive information to Capital and Liquidity unless confidentiality has been expressly agreed with us in writing beforehand.
Sending information to us does not automatically create a confidential relationship.
Where journalistic source protection or another express confidentiality arrangement applies, it will be dealt with according to the circumstances and applicable law.
24. Corrections and Complaints
We aim to correct material factual errors when reasonably appropriate.
Requests concerning a factual correction, intellectual property issue, editorial complaint or other publication matter may be sent to:
Please identify the relevant article or Content and explain the issue in sufficient detail for us to investigate it.
Submitting a complaint does not automatically require us to remove or modify Content.
25. Copyright and Intellectual Property Complaints
If you believe Content published by Capital and Liquidity infringes your copyright, trademark or another intellectual property right, contact:
Please provide:
- your name and contact details;
- identification of the protected work or right;
- identification of the allegedly infringing Content;
- the URL of the relevant page;
- an explanation of your claim; and
- evidence, where appropriate, showing that you own or represent the relevant rights.
We may request additional information before taking action.
We reserve the right to remove or restrict access to material while investigating a legitimate intellectual property complaint.
26. Third-Party Websites and Services
Capital and Liquidity may contain links to third-party websites, platforms, data services, businesses or other resources.
We do not control those third parties.
A link does not necessarily constitute endorsement.
We are not responsible for third-party:
- content;
- availability;
- privacy practices;
- security;
- products;
- services;
- statements; or
- business practices.
You access third-party services at your own risk and subject to their own terms.
27. Newsletter Terms
Capital and Liquidity may operate one or more email newsletters, briefings, alerts or similar publications.
By subscribing to a newsletter, you request that we send the relevant publication to the email address you provide.
Where consent is legally required for marketing communications, newsletter or marketing consent will be requested separately and will not be inferred solely from acceptance of these Terms.
Newsletter frequency may change from time to time.
Newsletters may contain:
- editorial Content;
- news;
- commentary;
- research;
- links;
- recommendations of articles or resources;
- advertising;
- sponsored Content;
- commercial announcements; and
- information about Capital and Liquidity products or services.
The same financial, investment, accuracy, copyright and liability provisions contained in these Terms apply to newsletter Content.
28. Unsubscribing From Newsletters
You may unsubscribe from marketing or newsletter emails using the unsubscribe facility contained in the relevant email or by contacting us.
We will process unsubscribe requests in accordance with applicable law.
If you have another contractual relationship with us, unsubscribing from marketing communications may not prevent us from sending necessary administrative, transactional, legal or service-related communications relating to that relationship.
29. Newsletter Delivery
We do not guarantee that newsletters will always be delivered.
Delivery can be affected by:
- spam filters;
- email providers;
- server outages;
- incorrect email addresses;
- security systems;
- technical problems; or
- circumstances outside our control.
We may change, suspend or discontinue any newsletter at any time.
30. Paid Publications or Subscriptions
Capital and Liquidity may introduce paid newsletters, memberships, reports, subscriptions or other premium services.
Where this occurs, additional information concerning pricing, billing, renewal, cancellation and any applicable consumer rights will be provided before purchase.
Specific subscription or purchase terms may supplement these Terms.
31. Privacy and Personal Data
We process personal data in accordance with applicable privacy and data-protection law.
Our Privacy Policy explains how we collect, use, retain and protect personal data.
Our use of cookies and similar technologies will be governed by our Cookie Policy and relevant consent mechanisms.
These Terms do not replace our Privacy Policy or Cookie Policy.
32. Website Security and Availability
We take reasonable measures to operate and protect our website, but we cannot guarantee uninterrupted or completely secure operation.
We do not guarantee that the website will:
- always be available;
- be free from bugs;
- be free from viruses or malicious software;
- operate without interruption; or
- be compatible with every device or system.
You are responsible for maintaining appropriate security, backups and software on devices used to access the website.
33. Prohibited Use
You must not use Capital and Liquidity:
- unlawfully;
- fraudulently;
- to infringe another person's rights;
- to distribute malware;
- to interfere with our infrastructure;
- to bypass security or access restrictions;
- to gain unauthorised access to systems or data;
- to impersonate another person;
- to conduct unauthorised automated extraction;
- to overload the website;
- to manipulate, attack or disrupt the service; or
- for any other activity that could materially harm Capital and Liquidity, Batchmore B.V., our users or third parties.
34. Suspension and Enforcement
We may restrict, suspend or block access to the website or our services where we reasonably believe someone:
- has breached these Terms;
- is abusing our systems;
- is infringing our rights;
- is conducting unauthorised scraping or automated access;
- poses a security risk; or
- is using the service unlawfully.
We may use reasonable technical measures to protect our Content, systems and intellectual property.
35. Limitation of Liability
To the fullest extent permitted by applicable law, Capital and Liquidity, Batchmore B.V. and their directors, employees, contributors, contractors and affiliates will not be liable for losses arising solely from reliance on general Content published through Capital and Liquidity.
This includes, where legally permissible:
- investment losses;
- trading losses;
- loss of profits;
- loss of revenue;
- loss of opportunity;
- loss of anticipated savings;
- loss of business;
- loss of goodwill;
- loss of data; and
- indirect or consequential losses.
You are responsible for independently evaluating information before acting on it.
Where liability cannot legally be excluded, nothing in these Terms excludes or limits liability to an extent prohibited by applicable law.
Where permitted by law, our aggregate liability arising from your use of a free service will not exceed €100.
Where you have paid us directly for a service, and separate terms do not provide otherwise, our aggregate liability relating to that service will not exceed the amount you paid us for that service during the twelve months preceding the event giving rise to the claim.
36. Business Users
If you use Capital and Liquidity in the course of a business, trade or profession, you acknowledge that business and investment decisions should be based on your own professional assessment and due diligence.
To the fullest extent permitted by law, you agree not to hold Capital and Liquidity responsible for business decisions made solely in reliance on general editorial Content.
37. Indemnity for Misuse
If you use Capital and Liquidity in the course of a business or profession, then, to the extent permitted by law, you agree to indemnify Batchmore B.V. against reasonable losses, liabilities and costs resulting directly from:
- your unlawful use of the website;
- your material breach of these Terms;
- material you submit that infringes third-party rights; or
- your unauthorised commercial exploitation of our Content.
This provision does not apply where prohibited by mandatory law.
38. Changes to the Website
We may change:
- the website;
- its structure;
- categories;
- features;
- Content;
- newsletters;
- access conditions; and
- services
at any time.
We may also discontinue any part of Capital and Liquidity without creating an obligation to continue supplying it indefinitely.
39. Changes to These Terms
We may update these Terms from time to time to reflect changes in our services, business, technology or applicable law.
The latest version will be published on the website with the date of the most recent update.
Where legally required, material changes affecting an existing contractual service will be communicated using an appropriate method.
40. Severability
If any provision of these Terms is found to be invalid, unlawful or unenforceable, the remaining provisions will continue to apply to the fullest extent permitted by law.
41. No Waiver
If we do not immediately enforce a provision of these Terms, that does not mean we waive our right to enforce it later.
42. Assignment
We may transfer our rights or obligations under these Terms as part of a restructuring, merger, acquisition, sale of business or transfer of the Capital and Liquidity publication, subject to applicable law.
You may not transfer contractual rights arising under these Terms without our prior written consent where such consent is legally permitted to be required.
43. Governing Law
These Terms and any dispute arising from them are governed by the laws of the Netherlands.
Nothing in these Terms deprives a consumer of any mandatory protection available under the laws that apply to that consumer.
44. Jurisdiction
Subject to any mandatory jurisdiction rights available to consumers or other parties under applicable law, disputes concerning these Terms or Capital and Liquidity will be submitted to the competent courts in the Netherlands, with the courts having jurisdiction in Amsterdam being preferred where legally permitted.
45. Contact
For editorial enquiries, correction requests, copyright matters, licensing or questions concerning Capital and Liquidity:
Company and Legal Correspondence
Batchmore B.V. t/a Capital and Liquidity
KvK: 75109123
BTW: NL860145682B01
Email: [email protected]
Visiting Address
Papaverweg 34 - unit B100
1032 KJ Amsterdam
The Netherlands
Postal Address
Postbus 56907
1040 AX Amsterdam
The Netherlands
© Batchmore B.V. t/a Capital and Liquidity. All rights reserved.