Terms and Conditions of Raising Capital with EnergyLab Angels

Introduction

We are delighted that you have chosen to involve EnergyLab Angels in your capital raise. We are committed to supporting high-growth businesses and startups that address significant environmental challenges, helping them connect with knowledgeable and passionate investors. This agreement outlines the terms under which startups can have their capital raises promoted to our angel group.

Eligibility and Promotion Conditions

  • Environmental Impact: Startups seeking promotion must primarily engage in developing climate technologies or solutions to substantial environmental issues.
  • EnergyLab Discretion: The decision to promote a startup's capital raise to EnergyLab Angels remains entirely at the discretion of EnergyLab. We evaluate each startup based on its potential impact, market viability, team strength, and alignment with our mission. However, we reserve the right to decline promotion for any reason, ensuring that only those ventures that align well with our values and objectives are introduced to our members.

Terms of Promotion

  • Non-Exclusivity: Startups must agree not to sign exclusivity agreements with other angel groups or syndicates. Exclusivity agreements are not founder-friendly, and EnergyLab will never impose such conditions. This provision is included to support founders in resisting such demands from other groups.
  • Reserved Allocation: Startups are asked to reserve the last A$50,000 of their capital raise for EnergyLab Angels. This reservation is not a commitment from EnergyLab to invest, nor does it indicate the amount that will be syndicated, but it ensures that our members who conduct due diligence have the opportunity to invest.

Founders are encouraged to contact us if these conditions present any challenges. Additionally, please inform us as you approach the end of your capital raise, so we can confirm whether we will take up our allocation.

Code of Conduct

  • Transparency: Startups must uphold transparency in all communications with EnergyLab and its members of EnergyLab Angels. This includes accurate and comprehensive information about their business, financials, and capital raise.
  • Fair Dealings: Startups should engage fairly and respectfully with all potential investors, ensuring equal access to information and opportunities.

Termination of Promotion

  • By EnergyLab: EnergyLab reserves the right to cease promoting a startup's capital raise at any time, without the obligation to disclose reasons, protecting the interests and values of our investment community.
  • By Startup: Startups may withdraw their promotion request at any time by notifying EnergyLab in writing.

Changes to Terms

EnergyLab reserves the right to modify the terms of this agreement at any time. Significant changes will be communicated, and continued engagement with the promotion process will constitute acceptance of the new terms.

Agreement

By seeking the promotion of their capital raise through EnergyLab Angels, startups agree to these terms and commit to facilitating a transparent and equitable investment process.