Investor Information

1. About Akka’s Activity

Blast Angels Europe SAS (“Akka”) is a crowdfunding service provider authorized by the Finansinspektionen with reference number FP-2024-9.

Its activity consists of connecting investors and project promoters so that the former can provide business financing to the project promoters, through participation in the capital of the project promoters or in a special purpose entity.

All this is done through Akka’s platform, accessible via https://nordics.akka.app or https://invest.akka.app (the “Platform”).

Investing through Akka’s Platform involves assuming certain risks. We want you to be aware of and understand these risks arising from participating in the financing of projects published on the Platform. To this end, please read the following information carefully before starting to operate with us.

2. Warnings

Akka is a crowdfunding platform and therefore does not have the status of an investment services company or a credit institution and does not adhere to any investment guarantee fund or deposit guarantee fund.

Additionally, Akka’s services and investments made through its Platform are not covered by the deposit guarantee system established in accordance with Directive 2014/49/EU, and the shares acquired through Akka are not covered by the investor compensation scheme established in accordance with Directive 97/9/EC.

The information published by Akka through its various channels (website, blog, social networks, Platform, or any other means) is for informational purposes only and in no case should be understood as recommendations to make investments, nor as financial or other advice in this regard. Each investor must form their own independent judgments and make their own decisions regarding their investment activity in the use of the Platform. If necessary, they should consult their own advisors.

Crowdfunding projects and the issuance of securities to invest in such projects are not subject to authorization or supervision by the National Securities Market Commission or the Sveriges Riksbank; therefore, the information provided on the projects by the promoters and the information provided for the issuance of the securities have not been reviewed nor constitute a prospectus approved by the Finansinspektionen nor are endorsed by such entities.

The promoter of the crowdfunding offer is responsible to the investors for the information they have provided to Akka for its publication on the Platform.

3. Risks

The invested capital is not guaranteed either by the project promoter or by the special purpose entity (if applicable) receiving the investment, nor by Akka, nor by any investment or deposit guarantee fund.
Crowdfunding projects are not a savings product.

Furthermore, participation in crowdfunding projects involves risks that the investor must consider. We indicate the risks of investments in crowdfunding projects at the following link.

4. Project Selection Criteria

Every month we receive hundreds of startup presentations. Among all these, we make a first selection, eliminating those projects that do not have an established limited liability company, founding partners 100% committed to the project, and recurring annual revenue or commercial proof of the start of activity.

Subsequently, the Akka team selects the most promising opportunities based on 5 key criteria: the team, the project, the market, key figures, and funding conditions. The management team meets with the founders, and reputational or competitive analyses are carried out.

Projects that pass the analyses and interviews are presented to Akka’s selection committee, composed of Akka’s founders, the investment department, and the legal department.

The committee evaluates all the data collected in the previous stages and selects the best projects to invest in, which will be subject to a legal audit by Akka’s legal department.

5.Applicable Fees

5.1 Membership

The fees applied by Akka to its clients to become members of Akka and have access to all resources are as follows:

Membership Type	Amount (€ VAT included)	Membership Duration	Benefits
Bronze	1,000	1 year	Maximum €2,000 to invest per investment opportunity and €10,000 in total during 1 year. No Priority Coupons.
Silver	1,500	1 year	Maximum €5,000 to invest per investment opportunity and €25,000 in total during 1 year. 1 Priority Coupon.
Gold	3,000	1 year	Maximum €10,000 to invest per investment opportunity and €50,000 in total during 1 year. 2 Priority Coupons.
Platinum	5,000	1 year	Maximum €20,000 to invest per investment opportunity and €100,000 in total during 1 year. 3 Priority Coupons.
Diamond	10,000	1 year	Maximum €50,000 to invest per investment opportunity and €300,000 in total during 1 year.

5.2 Structuring and Management Fees

The fees applied by Akka to each of Akka’s members when they make an investment in one of the projects published on the Platform are as follows:

Membership	Management Fee Amount*
Bronze	5%
Silver	5%
Gold	4%
Platinum	4%
Diamond	3%

*The percentage is applied to the amount of each investment made through Akka’s Platform.

Additionally, 5% of the investment made by the Member in the investment vehicle created by Akka will be withheld and not invested in the respective Startup, to finance the operational costs of the investment vehicle itself.

5.3 Performance Fee

Akka receives a fee of 20% on the amount of any capital gain realized by the Members in the following cases:

When the investment vehicle, by exiting the share capital of the invested project, obtains a capital gain.
When the Members obtain a capital gain from the sale of their shares.

5.4 Fee Applicable to Project Promoters

As remuneration for carrying out and managing the selection process, intention period, subscription period, and formalization of the operation, Akka will receive remuneration equivalent to 5% of the total amount of funds invested in the project through its Platform.

As remuneration for managing the investment vehicle, Akka will receive a remuneration calculated as a lump sum for a maximum annual amount of €10,000 as long as the investment vehicle remains a partner in the project.

6. Investment Procedure

Shares are subscribed through investment vehicles (SPV) created by Akka. The Akka team takes care of legally creating the investment vehicle so that members can participate. Subsequently, this same investment vehicle created for the occasion acquires the stake in the Startup.

The subscription of the shares takes place in two distinct phases. A first phase, called the Intention Period, during which each Akka member can express their intention to subscribe for securities of the investment vehicle that will participate in the Startup. The second phase, called the Subscription Period, takes place after the Intention Period, during which members who have expressed an intention must actually subscribe for the shares of the investment vehicle and make the corresponding payment.

7. Conflicts of Interest

To avoid conflicts of interest, Akka has approved a conflict of interest policy, accessible at the following link.

8.Complaints

A client wishing to file a complaint with Akka can do so by following the procedure established in its complaints and disputes policy, which can be consulted at the following link.

9. Cessation of Activity

In accordance with the entry into force of European Regulation 2020/1503 of October 7, 2020, which creates the new regulatory framework for crowdfunding, Akka is required to define and organize the terms of monitoring financing operations and managing operations until their completion, even in the event that Akka ceases its activities. Thus, Akka has subscribed to the winding-up management service of Capsens.
Capsens is a French company, established as an SAS registered with the RCS of Paris under SIREN 798709044, with registered office at 35 rue Beaubourg – 75003 Paris.

Since 2013, Capsens has been an important player in crowdfunding in Europe. Its experience allows it to offer a complete winding-up management solution so that all European actors offering investment solutions comply with European legislation within the framework of the new pan-European approval: ECSP. Capsens acts in the interest of the platform’s users in case of closure, so that formalized investments can continue to be managed until their expiration.

Capsens, as an Agent of Payment Service Providers, is competent to manage the continuation of ongoing operations in case of cessation of Akka’s activities in the strict scope of its regulated crowdfunding activity.

By registering on the platform, you agree that your data (personal data, investment data, documents) will be transmitted to Capsens as part of the migration tests carried out regularly. These migration tests allow preparing the transfer of Akka’s data to the winding-up management platform in case of winding-up management.

Capsens undertakes to comply with the applicable regulations concerning the processing of personal data, in particular Regulation (EU) 2016/679 of April 27, 2016 (known as the “General Data Protection Regulation” or “GDPR”).

In case of implementation of Akka’s winding-up management:

Akka declares its winding-up management or cessation to Capsens and informs its users about the suspension of its activities.
Capsens migrates user data to the winding-up management platform within a period of two weeks.
Capsens contacts users to give them access to the winding-up management platform. On this platform, investors have a clear view of the financial flows realized and future. They can also update their personal data and withdraw their funds to their bank account.
In case of activation of the Winding-Up Management protocol, a fee of 10% will be applied on the amounts due to investors in the portfolio.
In case of activation of the Winding-Up Management protocol, any additional benefits paid to investors will no longer be paid. Benefits already paid into users’ portfolios are not affected and will be retained.

10. Measures Taken to Avoid Fraud Risk and Operational Risk

Akka collects all necessary information before accepting the publication of projects. In this sense, Akka has defined a procedure with criteria on the origin of the promoters, corporate risks of the promoters, the tools and sources of information for such evaluation with the aim of analyzing and evaluating the projects and their characteristics, as well as the promoters.

Akka periodically reviews its procedures and systems to monitor operations taking place on the platform and cross-checks them with information received from promoters. Additionally, it supervises the payments that have been made with each project in order to detect that the platform is not being used improperly or inadequately by promoters, investors, or employees.

11. Reflection Period

All non-sophisticated members are entitled to a reflection period of 4 calendar days from the moment they communicate their subscription of the investment commitment. During this reflection period, the member who has communicated their subscription may withdraw it, provided this occurs before the closing and formalization of the investment round.

After this period, the investment commitment will be fully valid and the subscription must be materialized.

12. Recommendations

We ask you to:

Do not invest money you cannot afford to lose.
Build a diversified investment portfolio to diversify your level of exposure to risk.
Read carefully the documentation of each operation, considering all the pros and cons before investing, and make your investment decision responsibly, rationally, and thoughtfully.
If you do not understand something or have doubts regarding an operation, seek independent professional advice.

Updated version: September 13, 2024