Privacy policy

Business Opportunities for L'Oréal Development.

Privacy policy for our business customers.

L'Oréal's corporate venture capital fund

At BOLD (Business Opportunities for L’Oréal Development, referred as “BOLD”), we place great value on honesty and clarity, and we are committed to build a strong and lasting relationship with you based on trust and mutual benefit. Part of this commitment means safeguarding and respecting your privacy and your choices. Respecting your privacy is essential to us. This is why we set out “Our Privacy Promise” and our full Privacy Policy below.
 

This Privacy Policy covers how we use personal data shared with us by startups looking to be part of our investment program and by those who are currently in the portfolio of our entity, BOLD. 
 

OUR PRIVACY PROMISE

  1. We respect your privacy and your choices.
  2. We make sure that privacy and security are embedded in everything we do.
  3. We will not send you marketing communications unless you have asked us to. You can change your mind at any time.
  4. We will not sell your personal data.
  5. We are committed to keeping your personal data safe and secure. This includes only working with trusted partners.
  6. We are committed to being open and transparent about how we use your personal data.
  7. We will not use your personal data in ways that we have not told you about.
  8. We respect your rights, and will always try to accommodate your requests as far as is possible, in line with our own legal and operational responsibilities.

For more information about our privacy practices, below we set out what types of personal data we might collect or hold about you, how we use it, who we share it with, how we protect it and keep it secure, and your rights around your personal data.

Note that all of the information set out below may not apply to you. We have explained below an overview of all possible situations in which we could interact together, and one or more of these may apply to you depending on how you have interacted with us. 

When you share personal data with us or when we collect personal data about you, we will use it in line with this Privacy Policy. Please read this information carefully. If you have any questions or concerns about your personal data, please contact us at [email protected] or our Data Protection Officer at [email protected]

 

WHO WE ARE

BOLD is the corporate venture capital fund of the L’Oréal Group, which invests in cutting-edge beauty startups worldwide, driving innovation across L’Oréal’s vast portfolio of brands. L’Oréal operates in 140 countries around the world and represents several different brands and products. For details on the L’Oréal Group, please see https://www.loreal.com/group

BOLD is responsible for the personal data that you share with us. When we say “BOLD”, “us”, “our” or “we”, this is who we are referring to. BOLD is the “data controller” for the purposes of applicable data protection laws.

BOLD SAS

Representative: Laurent Schmitt
https://www.lorealboldventures.com/ 

 

WHAT IS PERSONAL DATA?

“Personal data” means any information or pieces of information that could identify you either directly (e.g. your name) or indirectly (e.g. through pseudonymised data, such as a unique ID number). This means that personal data includes things like email/home addresses, usernames, profile pictures, personal preferences and shopping habits, user generated content, financial information, and health information. It could also include unique numerical identifiers like your computer’s IP address or your mobile device’s MAC address, as well as cookies.

This Privacy Policy covers all personal data about you that is collected and used by BOLD.

 

WHAT PERSONAL DATA DO WE COLLECT FROM YOU AND HOW DO WE USE IT?

In the context of equity investment study and from the identification of your startup by your online application to the sealing of the deal, BOLD may be able to process your personal data to successfully complete the shareholding process and fulfill equity investments. 


At BOLD, we have the ambition of building relationships based on transparency and mutual trust. Because of that, there are few ways that you might share your personal data with us, and ways that we might collect it. 

How Do We Collect Or Receive Your Personal Data?

We might collect or receive personal data from you via our website or forms and through your direct interactions with BOLD teams. Sometimes you give this to us directly (e.g., when you create an account, when you contact us, when you submit an online application for your company) or sometimes we collect it indirectly (e.g., using cookies to understand how you use our website), sometimes we receive your personal data from other third parties, including other L’Oréal Group entities.


When we collect personal data, we will indicate which types of personal data are mandatory via asterisks. Some of the personal data we request from you are either necessary for us to:


•    Study the application you have submitted online;
•    Perform our contract with you (e.g., for the needs of the equity investment operation).
•    Comply with legal requirements. 


If you do not provide the personal data marked with an asterisk, this may affect the services that we can provide.
 

In the table below, we explain:

  1. During which interactions you may provide and we may collect your data: This column explains what activity or scenario you are involved in when we use or collect your personal data. For example, if you are signing up to a newsletter. 
  2. What personal data we may receive from you directly or resulting from your interactions with us: This column explains what types of personal data we may collect when you take part in a particular activity.
  3. How and why we use your personal data: This column explains what we do with your personal data, and the purposes for collecting and using it.
  4. What is our legal basis for using your personal data: Whenever we use your personal data, we will have a legal basis to do this. For example, you have asked us to provide a service, you have given us your consent, or we have a legitimate interest in using your personal data.

The legal basis for the processing of your personal data can be:

  • Your consent. (e.g., to make payment to individuals’ shareholders).
  • The performance of a contract – This applies where you provide us with your personal data in order for us to provide you with a service.
  • Our legitimate interest, which can be:
    • Improvement of our services: more specifically, our business interests to help us better understand your needs and expectations and therefore improve our services, websites/apps, devices, products and brands for our customers’ benefit.
    • Fraud prevention: to ensure payment is complete and free from fraud and misappropriation.
    • Securing our tools: to keep tools used by you (our websites/apps, devices) safe and secure and to ensure they are working properly and are continually improving.
  • Legal grounds – This is where we need to keep your personal data for legal reasons (e.g. to comply with our tax and financial reporting obligations).

Information Overview On Your Interactions With Us And Their Consequences On Your Personal Data

The legal basis for the processing of your personal data can be:

During which interactions may you provide and we may collect your personal data?

Online browsing

Information collected by cookies or similar technologies (“Cookies” *) as part of your browsing on BOLD website and/or on third-party website/apps.

For information on specific Cookies placed through a given website, please consult the relevant cookie table.

* Cookies are small text files stored on your device (computer, tablet or mobile) when you are on the Internet, including on L’Oréal Group’s websites.

Enquiries

Information collected when you contact us.

Online Application ("Pitch Us")

Information collected when you submit an application for investment from BOLD. 

 

Equity Investment Management 

Information collected from identification of the target until the conclusion of the deal by BOLD (during the whole equity investment process)
What personal data may we receive from you directly or resulting from your interactions with us?

Depending on how much you are interacting with us, those data may include:

  • Data related to your use of our websites/apps:
  • Where you came from;
  • Pages you looked at;
  • Your location;
  • Duration of your visit;

Technical information:

  • IP address;
  • browser information;
  • device information.

A unique identifier granted to each visitor and the expiration date of such identifier.

Enquiries & Online Apllications ("Pitch Us")

Those data may include:

  • First and last name;
  • Phone number;
  • Email address;
  • Job title
  • Linkedin profile

Equity investment management

Those data may include:

  • Civilty/title
  • First and last name
  • Phone number;
  • Email address;
  • Job title
  • Bank information
  • Other information (e.g. list and number of employees)
How and why we may use your personal data?

We use Cookies forr the following purposes:

  • To allow proper functioning of our website/apps:
    • proper display of the content;
    • creation and remembering of your login;
    • interface personalisation such as language;
    • parameters attached to your device including your screen resolution, etc;
    • improvement of our websites/apps, for example, by testing new ideas.
  • To ensure the website/app is secure and safe and protect you against fraud or misuse of our websites or services, for example through performing troubleshooting.
  • To run statistics.
  • To allow sharing of our content on social media (sharing buttons intended to display the site).

To:

  • Study your application.
  • Give an answer to your request of investment.

To:

  • To fulfill equity investment with you;
  • To communicate with you;
  • To proceed payment to individuals shareholders; 
  • To fulfill equity investments with the help of external partners;
  • To organize events;
  • To manage potential litigations with employees.
     
What is the legal basis for using your personal data?
  • Legitimate interest:

To ensure we are providing you with a websites that is working properly and continually improving for cookies that are (i) essential for the functioning of our websites, (ii) used to keep our websites/apps safe and secure.

  • Consent

For all other cookies.
  • Legitimate interest:

To process your application, you have to check a box by which you accept that BOLD will process your application and the Personal Information it may contain and/or to process your enquiry.

  • Legitimate interest:

To help us better understand your needs and expectations and therefore improve our services.
  • Consent

To process the equity investment.

 

Who May Access Your Personal Data?

We may share your personal data within the L’Oréal Group to comply with our legal obligations, to prevent fraud and/or to secure our tools, to improve our services, or after having obtained your consent to do so.


Depending on the purposes for which they were collected, and only on a need-to-know basis, some of your personal data may be accessed by L’Oréal Group entities worldwide, where possible in a pseudonimized way (not allowing direct identification), and where necessary to provide you with requested services.


Where permitted, we may also share some of your personal data including those collected through cookies between our brands to harmonize and update the information you share with us, to perform statistics based on your characteristics and to tailor our communications.


Your personal data may also be processed on our behalf by our trusted third party providers.


We rely on trusted third parties to perform a range of business operations on our behalf. We only provide them with the information they need to perform the service, and we require that they do not use your personal data for any other purpose. We always use our best efforts to ensure that all third parties we work with keep your personal data secure. For instance, we may entrust services that require the processing of your personal data to:

  • Third parties that assist and help us in providing services such as our CRM.
  • Third parties that assist and help us in providing IT services, such as platform providers, hosting services, maintenance and support on our databases as well as on our software and applications that may contain data about you (such services could sometimes imply access to your data to perform the required tasks).
  • Payment service providers and credit reference agencies for the purpose of assessing your credit score and verifying your details where this is a condition of entering into a contract with you.
  • Third parties that assist us in providing training, seminars, and events, such as training providers travel agencies, and event management companies; and/or

The legal basis for this sharing is our legitimate interests – (i) to improve our services; (ii) better engage with you; (iii) prevent fraud; (iv) secure our tools and design new features; (v) use appropriate suppliers; and (vi) ensuring your values align with that of BOLD’s.


We may also disclose your personal data to third parties:

  • In the event that BOLD sells any business or assets, in which case we may disclose your personal data to the prospective buyer of such business or assets. If L’Oréal or a part of BOLD’s assets is acquired by a third party, personal data held by it about its customers relating to those assets is one of the transferred assets. Where appropriate, in such case, the buyer acting as the new data controller processes your data and its privacy policy governs the processing of your personal data.
  • If the fulfillment of equity investment needs the assistance of external partners (e.g., lawfirm, auditing and financial accounting firms).
  • If we are under a duty to disclose or share your personal data in order to comply with a legal obligation, or in order to enforce or apply our terms of use/sales or other terms and conditions you have agreed to; or to protect the rights, property, or safety of BOLD, our customers, or employees.
  • If we have your consent to do so.
  • Or if we are permitted to do so by law.

We may disclose your personal data to our partners:

  • We may publish on our supports content from social networks. In the event you consult content from social networks on our website, a cookie from such social network may be stored on your device. We invite you to read the Cookie Policy of these social networks for more information.

We do not offer or sell your personal data.

Where Do We Store Your Personal Data

As part of its personal data processing activities, BOLD does not transfer personal data outside of the European Economic Area (“EEA”).

However, we may rely on service providers, which are located overseas or which themselves rely on processors located overseas, including outside of the EEA in countries where personal data laws standards and level of adequate protection are not the same as those which apply in the EEA. 
 

In this case, any transfer of your personal data outside of the EEA will be made according to appropriate safeguards that comply with the applicable regulations such as the Standard Contractual Clauses issued by the European Commission.  
 

For further information, please contact us as per the “Contact” section below.
 

How Long Do We Keep Your Personal Data

We only keep your personal data for as long as we need it for the purpose for which we hold your personal data, to meet your needs, or to comply with our legal obligations. To determine the data retention period of your data, we use the following criteria:

  • Where you apply for investment from BOLD, we keep your personal data for the duration needed for the studying of your application. 
  • Where your application is retained, we keep your personal data for the duration of our contractual relationship. 
  • Where you contact us for an enquiry, we keep your personal data for the duration needed for the processing of your enquiry.
  • Where you create an account, we keep your personal data until you require us to delete it or after a period of inactivity (no active interaction with brands) defined in accordance with local regulations and guidance.
  • Where cookies are placed on your computer, we keep them for as long as necessary to achieve their purposes (e.g., for the duration of a session ID cookies) and for a period defined in accordance with local regulations and guidance.

We may retain some personal data to comply with our legal or regulatory obligations, as well as to allow us to manage our rights (for example to assert our claims in courts) or for statistical or historical purposes.
When we no longer need to use your personal data, it is removed from our systems and records or anonymized so that you can no longer be identified from it.


Is Your Personal Data Secure

We are committed to keeping your personal data secure, and taking all reasonable precautions to do so. We contractually require that trusted third parties who handle your personal data for us do the same.

We always do our best to protect your personal data and once we have received your personal data, we use strict procedures and security features to try to prevent unauthorised access. As the transmission of information via the internet is not completely secure, we cannot guarantee the security of your data transmitted to our site. As such, any transmission is at your own risk.

Links to Third Party Sites and Social Login

Our website may from time to time contain links to websites belonging to companies in our portfolio, and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we are not responsible or liable for these policies. Please check these policies before you submit any personal data to these websites/apps.
 

We may also offer you the opportunity to use your social media login. If you do so, please be aware that you share your profile information with us depending on your social media platform settings. Please visit the relevant social media platform and review its privacy policy to understand how your personal data is shared and used in this context.
 

Social Media and User Generated Content

Please remember that any content submitted to one of our social media platforms (e.g., LinkedIn) can be viewed by the public, so you should be cautious about providing certain personal data e.g., financial information or address details. We are not responsible for any actions taken by other individuals if you post personal data on one of our social media platforms and we recommend that you do not share such information.

YOUR RIGHTS AND CHOICES

BOLD respects your right to privacy: it is important that you are able to control your personal data. You have the following rights:

The right to be informed

You have the right to obtain clear, transparent and easily understandable information about how we use your personal data, and your rights. This is why we are providing you with the information in this Policy.

The right of access

You have the right to access to the personal data we hold about you (subject to certain restrictions).
We may charge a reasonable fee taking into account the administrative costs of providing the information.
Requests manifestly unfounded, excessive or repetitive may not be answered to.
To do this, please contact us at the details below.

The right to rectification

You have the right to have your personal data rectified if it is incorrect or outdated and/or completed if it is incomplete.

To do this, please contact us at the details below. 

The right to erasure/right to be forgotten

In some cases, you have the right to have your personal data erased or deleted. Note this is not an absolute right, as we may have legal or legitimate grounds for retaining your personal data.

If you would like us to delete your personal data, please contact us at the details below.

The right to withdraw consent at any time for data processing based on consent

You can withdraw your consent to our processing of your data when such processing is based on consent. The withdrawal of consent shall not affect the lawfulness of processing based on consent before its withdrawal. We refer to the table inserted in section “what data do we collect from you and how do we use it” especially the column “What is our legal basis for processing your data?” to identify where our processing is based on consent.

If you would like to object to withdraw your consent, please contact us at the details below.

The right to object to processing based on legitimate interests

You can oppose at any time to our processing of your data when such processing is based on the legitimate interest. We refer to the tables inserted in section “what data do we collect from you and how do we use it” especially the column “What is our legal basis for processing your data?” to identify where our processing is based on legitimate interests.

To do so, please contact us at the details below.

The right to lodge a complaint with a supervisory authority

You have the right to contact and lodge a complaint with the CNIL, the French Data Protection Authority on the privacy practices of BOLD.

Do not hesitate to contact us at the details below before lodging any complaint with the CNIL.
 

The right to data portability

You have rights to move, copy or transfer data from our database to another. This only applies to data that you have provided, where processing is based on a contract or your consent, and the processing is carried out by automated means. We refer to the tables inserted in section “what data do we collect from you and how do we use it” especially the column “What is our legal basis for processing your data?” to identify where our processing is based on the performance of a contract or on consent.

The right to restriction

You have the right to request restriction of our processing of your data. This right means that our processing of your data is restricted, so we can store it, but not use nor process it further. It applies in limited circumstances listed by the General Data Protection Regulation which are as follow:

  • the accuracy of the personal data is contested by the data subject (i.e., You), for a period enabling the controller to verify the accuracy of the personal data.
  • the processing is unlawful and the data subject (i.e., You) opposes the erasure of the personal data and requests the restriction of their use instead.
  • the controller (i.e., BOLD) no longer needs the personal data for the purposes of the processing, but they are required by the data subject for the establishment, exercise or defense of legal claims;
  • the data subject (i.e., You) has objected to processing based on the legitimate interests of the data controller pending the verification whether the legitimate grounds of the controller override those of the data subject.

If you would like to request restriction, please contact us at the details below.

The right to deactivate Cookies

You have the right to deactivate Cookies. The settings from the Internet browsers are usually programmed by default to accept Cookies, but you can easily adjust it by changing the settings of your browser.


Many cookies are used to enhance the usability or functionality of website; therefore, disabling cookies may prevent you from using certain parts of our website as detailed in the relevant Cookie Table.


If you wish to restrict or block all the cookies which are set by our website (which may prevent you from using certain parts of the site), or any other websites/apps, you can do this through your browser settings. The Help function within your browser should tell you how. For more information please consult the following links: http://www.aboutcookies.org/.


To deal with your request, we may require proof of your identity.

CONTACT

If you have any questions or concerns about how we treat and use your personal data, or would like to exercise any of your rights above, please contact us at [email protected]