The agreement that governs your use of aVenture's website, apps, API, and research tools.
Version: 1.2
Effective: October 6, 2026 (November 3, 2026 for accounts created before October 4, 2026)
Last updated: October 6, 2026
Legal notices: Contact form, or by mail to the address in Section 23
These Terms of Service (“Terms”) are an agreement between you and aVenture Investment Company (“aVenture,” “we,” “us,” or “our”). They govern your use of our websites, the aVenture Research apps for iPhone, iPad, and Mac, our API, command-line tool, and MCP server, and our research tools, communications, and related services (collectively, the “Services”).
Please read Section 20 carefully. It requires most disputes to be resolved by individual binding arbitration, waives class actions and jury trials, and explains how to opt out.
By creating an account, clicking to accept these Terms, or using the Services, you agree to these Terms and acknowledge our Privacy Policy. If you do not agree, do not use the Services. If you use the Services for an organization, you agree on its behalf and confirm you have authority to bind it; “you” then includes that organization.
You must be at least 13 years old to use the Services. If you are under 18, or under the age of majority where you live, you confirm that a parent or legal guardian has reviewed these Terms with you and agrees to them on your behalf. A paid plan must be purchased by an adult using their own payment method.
You may not use the Services if you are barred from receiving them under applicable law, including U.S. sanctions and export laws.
You may need an account to use some features. Our identity provider, Clerk, handles sign-in. You agree to:
You are responsible for activity under your account and credentials, except activity caused by our breach of these Terms.
aVenture is an independent research platform covering companies, investors, funds, people, products and services, markets, and news. Some features, including AI features and the apps, are in beta or early release and may change, be limited, or be discontinued. We may add, change, or remove features at any time. If we discontinue a paid feature you have prepaid for, we will provide a prorated refund or a reasonable substitute.
aVenture is not a registered investment adviser, broker-dealer, funding portal, or financial planner. The Services do not recommend, offer, or solicit any investment or security, and nothing in them is investment, legal, tax, accounting, or other professional advice.
Research data and AI output may be incomplete, outdated, or inaccurate. You are solely responsible for your decisions. Verify important information against primary sources and consult qualified professionals before relying on it.
“Public Research Data” means the research records aVenture publishes or provides about companies, investors, funds, people, products, and markets, including the profiles, classifications, and summaries in those records, as described in our Privacy Policy. We or our licensors own the intellectual property rights in our original selection, arrangement, classifications, summaries, software, and designs. Facts and third-party material may have different rights. Section 6 addresses your inputs and generated output without transferring rights in Public Research Data incorporated into that output.
Subject to these Terms and any plan limits, we grant you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Services and Public Research Data for your own internal research and business purposes and for Live Display as described below. You may share links to public pages of the Services. Unless an agreement signed by aVenture says otherwise, and subject to the Competitive Use terms below, you may not:
On any plan, you may show results from the aVenture API, CLI, or MCP server in a website, app, or AI assistant you operate, including one that others use (“Live Display”). Live Display passes results through; it does not copy them. It must meet all of these conditions:
Requests made for Live Display count toward your plan's allowances like any other request. The restrictions above on aVenture marks, attributions, and machine-learning models still apply to Live Display.
“Competitive Use” means using Public Research Data, or output, exports, or API, CLI, or MCP results that contain or are derived from it, to build, supply, enrich, or improve, or to decide the coverage of, a database, dataset, feed, directory, research or data service, software product, or AI model that others can access and that provides information about companies, investors, funds, people, products, markets, or news. Competitive Use includes repackaging, reformatting, summarizing, combining with other data, or redistributing Public Research Data in such an offering, whether it is sold, licensed, or provided free. Competitive Use does not include Live Display that meets the conditions above, using research for your own decisions, or brief, attributed excerpts in your own memos, reports, presentations, articles, or client deliverables, as long as they do not make Public Research Data available in bulk or in a form others can search or query.
No plan listed on our pricing page, free, paid, or custom-priced, includes Competitive Use, whatever its price or allowances. Competitive Use is permitted only under an “Enterprise Agreement”: a written agreement or order form signed by aVenture that expressly grants Competitive Use, states the price for that right, and defines its scope, such as the permitted products, data volume, attribution, and term. Any other agreement, custom plan, discount, or higher allowance does not permit Competitive Use, even if it otherwise expands your access. Competitive Use under an Enterprise Agreement is limited to the scope it states and ends when it ends.
aVenture is not a consumer reporting agency, and Public Research Data is not a “consumer report” under the Fair Credit Reporting Act or similar laws. You may not use the Services to decide a person's eligibility for credit, insurance, employment, housing, or any other purpose covered by those laws.
If a research record about you or your organization is inaccurate, submit the correction and supporting sources through the request data updates form. We review good-faith requests and seek to correct or add context when independent sources corroborate the requested change. We do not delete accurate information from public sources on request. If you believe nonpublic personal information about you appears in a research record, identify the specific information and where it appears; our Privacy Policy explains how to request its removal.
“Your Content” means your inputs and your output. Inputs are the searches, prompts, questions, files, images, lists, notes, and other material you submit to the Services. Output is the text, answers, and files the Services generate in response to your inputs.
Ownership. You retain any rights you have in your inputs, and aVenture assigns to you any rights it has in your output, except rights in Public Research Data that the output quotes, summarizes, or is derived from. Those portions remain Public Research Data and stay subject to Section 5. Output can also be the same as or similar to output generated for other users, and you acquire no rights in their output.
How we use Your Content. You grant aVenture a worldwide, non-exclusive, royalty-free license to host, copy, process, transmit, and display Your Content to provide and secure the Services. The license also lets aVenture review and evaluate Your Content and records of your interactions to improve the Services, including our research processes, prompts, and AI models, through methods such as evaluation, fine-tuning, reinforcement learning, and retraining. If your organization has a signed agreement with aVenture that provides on-premises deployment, zero data retention, or other data-use restrictions, that agreement controls.
Deleting Your Content. You can delete Researchly chats in Researchly and your account through account settings, as described in Section 17. These controls do not necessarily delete every search, file, note, or generated result. You can request deletion of other User Data through the channels in our Privacy Policy, subject to its retention terms.
Research submissions. A coverage request or data correction asks us to change Public Research Data. You grant aVenture a perpetual, irrevocable, worldwide, royalty-free license to use, modify, publish, and license material you own and submit for inclusion in Public Research Data. Information we incorporate can remain there after you delete your account. This grant does not cover private supporting evidence or contact details submitted only so we can evaluate your request; we treat those as User Data under our Privacy Policy.
You confirm that you have the rights needed to submit Your Content and that it does not violate these Terms or anyone's rights. Do not submit confidential, regulated, or sensitive information unless a feature is intended for it and you are authorized to provide it.
Feedback. If you send suggestions or feedback, we may use them without restriction or obligation to you.
Some features use artificial intelligence to search, summarize, compare, and draft research. AI output can be wrong, incomplete, or similar to output generated for others, and it may cite sources that do not fully support it. Review AI output and its sources before relying on it. Our Privacy Policy describes the AI providers that may process your requests.
aVenture's AI research agent is provided by Researchly, a related entity. These Terms govern your use of Researchly through aVenture, including inside the aVenture apps. Separate terms presented by Researchly govern its own service at researchly.chat. If a separate Researchly term conflicts with these Terms about your use through aVenture, these Terms control to the extent of the conflict. The Researchly Privacy Policy describes Researchly's processing. Content you make shared or public in Researchly can be viewed by others, and public content may be indexed by search engines.
You may not, and may not help anyone else to:
We do not tolerate objectionable content or abusive users. Report content or conduct that violates these Terms through the contact form. We may review reports, remove content, and suspend or terminate the responsible accounts.
The aVenture API, command-line tool, and MCP server are part of the Services. API keys are credentials: keep them secret, do not embed them in public code, and do not share them. Programmatic access counts toward your plan's allowances and is subject to rate limits and our developer documentation. Data you obtain programmatically is Public Research Data and is subject to Section 5.
Open-source code we publish is licensed under the license in its repository. That license covers the code only, not access to the Services or Public Research Data.
We offer a free plan and paid plans. Current plans, prices, allowances, and additional-usage rates are listed on our pricing page. Those plans do not include Competitive Use, which requires an Enterprise Agreement under Section 5. Prices are in U.S. dollars and exclude taxes unless stated. Stripe processes payments; we do not receive full card numbers.
Automatic renewal. Paid plans are subscriptions that renew automatically at the end of each monthly or yearly billing period, at the price then in effect, and charge your payment method until you cancel. Promotional prices apply only for the period stated in the offer.
Cancellation. You can cancel online at any time in Settings > Subscription or through the Stripe billing portal linked there. Cancellation stops the next renewal; you keep paid access until the end of the current billing period.
Plan changes. Upgrades take effect when confirmed, and we immediately charge the prorated difference for the rest of the billing period. Downgrades take effect at the next renewal, without proration.
Allowances and additional usage. Plans include monthly allowances, such as company and person views, company brand lookups, research requests, and AI credits. AI credits are measured as Researchly messages. Unused allowances expire at the end of each allowance period and do not carry over. If you choose, usage beyond an allowance is billed at the listed per-unit rates, paid from prepaid credit or invoiced up to the spend cap you set.
Prepaid credit. Prepaid credit does not expire while your account exists. You can spend it on additional usage while you have a paid plan that offers additional usage and have turned it on. Canceling or downgrading your plan leaves your balance in place for use if you later return to an eligible plan. Unused prepaid credit is forfeited when you delete your account, except where applicable law requires us to preserve, honor, or redeem it; in that case, we keep the balance available for you to use or redeem as that law requires. To use or redeem a preserved balance, contact us through the contact form.
Price changes. We will email you at least 30 days before a price change applies to your renewal. You can cancel before it takes effect.
Refunds. Payments, including prepaid credit packs and additional usage, are non-refundable, and we do not provide refunds or credits for partial billing periods, except as these Terms or applicable law require.
Failed payments. If a payment fails, we may retry it, and we may suspend paid features until it succeeds.
The aVenture Research apps do not sell subscriptions or other in-app purchases. You buy paid plans from aVenture on our website, and these Terms govern those purchases. You can use a plan purchased on the web in the apps. Apple and other app-store providers are not responsible for aVenture plans, billing, or refunds.
If you downloaded an app from an app store, that store's terms also apply. Section 21 contains additional terms for apps obtained from Apple.
The Services link to and integrate with websites, sources, and services we do not control. Their terms and privacy policies govern your use of them, and we are not responsible for their content, availability, or practices.
We respond to notices of alleged copyright infringement that comply with the Digital Millennium Copyright Act. Send notices to our copyright agent at legal@aventure.vc or aVenture Investment Company, Attn: Copyright Agent, 582 Market St Ste 805, San Francisco, CA 94104. Include:
We may terminate the accounts of repeat infringers.
“aVenture,” our logos, and our product names are trademarks of aVenture. These Terms grant no right to use them, except to identify aVenture as the source of research you are permitted to share.
Our Privacy Policy explains how we collect, use, and disclose personal information, including the difference between Public Research Data and User Data.
You agree that we may send you notices, disclosures, and other communications electronically, by email or through the Services, and that they satisfy any legal requirement that they be in writing. You can opt out of marketing emails at any time; we will still send account, billing, security, and legal notices.
Deleting content. You can delete saved lists and saved views, remove items from a saved list, revoke API keys in Settings > API keys, revoke command-line authorizations in Settings > Developer access, and delete Researchly chats in Researchly.
Deleting your account. You may stop using the Services and delete your account at any time in Settings > Security, or in the apps under Settings > Manage or delete your account. If you cannot sign in, send a request through the contact form.
You may delete your account with paid time remaining. Deleting your account immediately cancels any subscription and ends paid access, including any time remaining in a prepaid monthly or yearly period. Because you choose to end that access, amounts already paid for the current period are not refunded, except where applicable law requires a refund. To keep paid access through the period you paid for, cancel your subscription in Settings > Subscription, then delete your account after the period ends. Section 10 explains what happens to unused prepaid credit.
Our Privacy Policy explains what we delete, deidentify, and keep after account deletion.
We may suspend or terminate your access, with or without notice, if you violate these Terms, create risk or legal exposure for aVenture or others, fail to pay, or if we are required to by law. We may also end a free account after a long period of inactivity. If we terminate a paid plan without cause, we will refund the prepaid amount for the unused period.
Sections 5 (ownership and restrictions), 6 (research submissions and feedback), 10 (amounts owed), and 18 through 22 survive termination.
THE SERVICES, PUBLIC RESEARCH DATA, AND AI OUTPUT ARE PROVIDED “AS IS” AND “AS AVAILABLE.” TO THE FULLEST EXTENT PERMITTED BY LAW, AVENTURE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, AND COMPLETENESS, AND ANY WARRANTY THAT THE SERVICES WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE.
Some jurisdictions do not allow the exclusion of certain warranties, so some of these exclusions may not apply to you.
TO THE FULLEST EXTENT PERMITTED BY LAW, AVENTURE AND ITS AFFILIATES, OFFICERS, EMPLOYEES, AND LICENSORS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, INVESTMENT LOSSES, REVENUE, DATA, OR GOODWILL, ARISING FROM OR RELATED TO THE SERVICES OR THESE TERMS, EVEN IF ADVISED OF THEIR POSSIBILITY.
TO THE FULLEST EXTENT PERMITTED BY LAW, AVENTURE'S TOTAL LIABILITY FOR ALL CLAIMS ARISING FROM OR RELATED TO THE SERVICES OR THESE TERMS WILL NOT EXCEED THE GREATER OF (A) THE AMOUNTS YOU PAID AVENTURE FOR THE SERVICES IN THE 12 MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM, OR (B) US $100.
These limits do not apply to liability that cannot be limited by law, such as liability for fraud, gross negligence, or willful misconduct.
Indemnity. If you use the Services for business purposes, you will defend and indemnify aVenture against third-party claims, and related losses and reasonable legal fees, arising from your violation of these Terms or of law, or from Your Content.
Informal resolution first. Before starting arbitration or a court case, you and aVenture each agree to send a written notice describing the dispute and requested relief, and to try in good faith to resolve it for 60 days, except when seeking an injunction under the Exceptions below. Send notices through the contact form or by mail to the address in Section 23; we will send ours to your account email.
Binding individual arbitration. Except as provided below, any dispute, claim, or controversy arising from or relating to these Terms or the Services will be resolved by binding individual arbitration administered by the American Arbitration Association (“AAA”) under its Consumer Arbitration Rules, or its Commercial Arbitration Rules if you use the Services for business purposes. The Federal Arbitration Act governs this Section. The arbitrator decides all issues, except that a court decides questions about the scope, enforceability, and validity of the class-action waiver. Arbitration will take place in San Francisco, California, or by video or written submissions. If you are a consumer, fees follow the AAA rules, and aVenture pays any filing, administrative, and arbitrator fees beyond what those rules require you to pay.
Exceptions. Either party may bring an individual claim in small-claims court, and either party may seek an injunction in court for infringement or misuse of intellectual property or for a breach of the license restrictions or Competitive Use terms in Section 5.
Class-action and jury waiver. YOU AND AVENTURE MAY BRING CLAIMS ONLY IN AN INDIVIDUAL CAPACITY, NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING, AND EACH WAIVES THE RIGHT TO A JURY TRIAL. If this waiver is found unenforceable for a claim, that claim will proceed in court, not arbitration.
Mass filings. If 25 or more similar demands are filed by or with the help of the same law firm or coordinated group, the AAA's Mass Arbitration Supplementary Rules apply.
30-day opt-out. You may opt out of this arbitration agreement by sending written notice through the contact form or by mail to the address in Section 23 within 30 days after you first accept these Terms. Include your name, account email, and a clear statement that you opt out of arbitration. Opting out does not affect the rest of these Terms.
Governing law and venue. These Terms are governed by the laws of the State of Delaware, without regard to its conflict-of-laws rules, except that the Federal Arbitration Act governs this Section. Any dispute not subject to arbitration will be resolved exclusively in the state or federal courts located in San Francisco County, California, and you and aVenture consent to their jurisdiction. This choice of law does not remove protections that the law of your place of residence gives you and that cannot be waived by contract.
These terms apply if you obtained an aVenture app from Apple's App Store, and they control over any conflicting part of these Terms for that app.
aVenture Investment Company
582 Market St Ste 805
San Francisco, CA 94104
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