Legal

Privacy Policy

Thank you for your interest in us and your visit to our website, which is owned and operated by Soma Labs Ventures Limited. Soma Labs is committed to respecting and protecting your privacy.

Types of Information Collected

Soma Labs collects both personal information and non-personal information from your interactions with us via this Site. Personal information is information that can directly or indirectly cause you to be identified based on the information.

In the context of the Site, the personal information we may collect includes:

  • Name
  • Identification number
  • Contact information (email address and/or phone number)
  • Postal address
  • Company
  • Job role
  • Website usage information (cookies information, IP address, browser type and version)
  • Device data and online activity data
  • Such other information you may submit to us via the Site

Information Collected Automatically

Soma Labs may collect personal information during your visit to this Site through data collection tools, which may include cookies and other commonly used information-gathering tools. These tools collect certain information that your browser sends to our website such as your browser type and language, access times, and the address of the website from which you arrived at this Site. They may also collect information about your IP address, geolocation information, and information about your device.

Cookies

We use cookies and similar technologies to help operate our website, enhance user experience, analyse website traffic, and support certain website functionalities. For detailed information about the types of cookies we use, please see our Cookies Policy.

How Soma Labs Uses and Shares Personal Information

Soma Labs may use personal information you provide in order to:

  1. Respond to your inquiries
  2. Evaluate your business plan or profile and determine whether we are interested in engaging with you
  3. Improve our website and services
  4. Reorganise or make changes to our business
  5. Recruit and select

To the extent permitted under applicable law, Soma Labs may share information with third parties for business purposes, such as consultants, auditors, contractors, agents, legal advisors, regulators, service providers, potential investors/purchasers, and advisors to Soma Labs. Soma Labs may disclose your personal information to a third party if required to do so by applicable laws.

Information Security

Soma Labs seeks to put in place appropriate information security measures to prevent personal information from being accidentally lost, accessed, altered, disclosed, used or destroyed in an unauthorized way. These safeguards vary based on the sensitivity of the information that we collect and store. Although we work to protect the security of your data, please be aware that no method of transmitting data over the Internet is completely secure.

Data Retention

We retain personal information about you for as long as necessary to provide, operate, maintain and secure our Site, comply with our legal obligations, resolve disputes, or as otherwise permitted or required by applicable law. When establishing a retention period, we consider who we collected the data from, our need for the personal information, and the sensitivity of the personal information.

Access and Deletion

Subject to exceptions set out in applicable laws, you have the right to obtain specific pieces of personal information we have collected from you and ascertain whether the information we hold about you is accurate and up-to-date. If any of your personal information is inaccurate, you may request to update your information. You may also request to delete your personal information, with the exception that we may refuse your deletion request in certain circumstances, such as compliance with law or legal purposes. For data access, correction, or deletion requests, please send an email with your request to contact@somalabs.xyz.

International Transfers

In accordance with and as permitted by applicable law and regulations, we reserve the right to transfer your personal information, process and store it outside your country of residence to wherever we or our third party service providers operate. We will ensure that appropriate measures are in place to ensure an adequate level of protection for your personal information.

Children

We do not knowingly collect or maintain personal information from anyone under 13 years of age. If we learn that we have collected personal information through the website from a child under 13, we will delete it.

Changes to this Privacy Policy

We encourage you to check this Site frequently to see the current Privacy Policy in effect and any changes that may have been made. This Privacy Policy may be updated or modified by us at any time. Your continued use of this Site after any updates or modifications constitutes your acceptance of such updated or modified Privacy Policy.

Contact Information

Any questions, concerns or complaints regarding this Privacy Policy should be sent to contact@somalabs.xyz.

Privacy Policy Addendum for the EEA and the UK

This section applies to visitors of the Site that reside in the United Kingdom and/or European Economic Area. This section is intended for compliance with the General Data Protection Regulation (GDPR) and the UK version of the GDPR.

Legal Basis for Processing

When we use your personal information, we ensure we have a lawful basis to do so. Our lawful bases include legitimate interest (responding to enquiries, managing business relationships, assessing potential investments, and providing our services), legal obligation, and consent where applicable.

Your Rights

Under certain circumstances, you have rights under data protection laws in relation to your personal information:

  • Access - You have the right to access and receive a copy of your personal information
  • Rectification - You have the right to have inaccurate personal information rectified
  • Objection - You have the right to object to processing based on legitimate interests
  • Portability - You have the right to receive your personal information in a structured format
  • Restriction - You may request to restrict processing of your personal information
  • Erasure - You may request to erase your personal information
  • Right to lodge a complaint - You have the right to lodge a complaint with a supervisory authority