Terms of Use

Last updated: August 14, 2026

These Terms of Use (“Terms”) govern your access to and use of adperch.ai and the AdPerch service (the “Service”), operated by AdPerch, Inc., a Delaware corporation with its principal place of business in Oakland, California (“AdPerch,” “we,” “us”). By using the Service — including reserving a perch, claiming a profile, or otherwise interacting with the site — you agree to these Terms. If you don’t agree, please don’t use the Service.

What AdPerch is

AdPerch helps founders and investors find each other. Founders describe what they’re building; investors describe what they back; and our matching tools surface potential fits. An introduction between a founder and an investor only happens when someone takes an explicit action to make it — we don’t connect you to anyone without that step. AdPerch is a tool to support your fundraising or sourcing; it is not a broker, placement agent, investment adviser, or party to any deal.

Who can use it

You must be at least 18 and able to enter a binding agreement. If you use AdPerch on behalf of a company or fund, you confirm you’re authorized to act for it, and “you” includes that organization. You’re responsible for keeping your account credentials secure and for activity under your account.

Plans and payment

Some parts of AdPerch are paid. Current plans and prices are published at adperch.ai/pricing, and the plan you’re on is shown in your account.

Subscriptions renew automatically until you cancel. You can cancel at any time from your account; cancellation stops future charges and takes effect at the end of the period you’ve already paid for. We don’t pro-rate partial periods.

If we change a price, the new price applies to new subscribers only. Your price does not change while your subscription runs without interruption. If we ever need to change the price of a plan you are already on, we’ll give you at least 30 days’ notice before it applies to you, so you can cancel first. A price change never applies to a period you’ve already paid for.

If you reserved a perch while a founding rate was offered, that rate is yours when your subscription begins, and stays yours for as long as it runs without interruption. If you cancel and come back later, you come back at whatever price is then current.

The VC side of AdPerch is free today. That could change, and if it does we’ll give notice before it applies to anyone.

How fund information is sourced

AdPerch builds investor and fund profiles from publicly available sources — including public regulatory filings (such as SEC EDGAR) and research across public online sources — and from information that a fund or investor provides or confirms directly. We work to keep this information useful and reasonably accurate, but we don’t guarantee it’s complete, current, or error-free.

If a profile concerns your firm, you can claim it, correct it, or ask us to remove it. To claim a profile you may be asked to verify your association with the firm. We may approve, decline, or revoke a claim at our discretion, and we may remove or modify any profile or content.

Fund profiles. Some profiles on AdPerch describe venture funds and are compiled by us from publicly available sources (for example, regulatory filings and fund websites). Unless a profile has been claimed by the firm it describes, it is not authored, reviewed, or endorsed by that firm, and no affiliation is implied. Compiled information may be incomplete, inaccurate, or out of date, and you’re responsible for verifying it independently before relying on it. If a profile concerns your firm, see the claiming note above.

Claiming your fund

Funds appear on AdPerch before anyone from the firm arrives. We build those records from public sources — the fund’s own site, public filings — so founders can find funds that fit them.

If it’s your fund, you can claim it. Claiming means telling us you’re authorised to speak for the firm, and we check before we approve. Once approved, you control what the record says, and what it says becomes the firm’s own words rather than our summary of them.

If two people claim the same fund, we’ll sort it out with the firm before either takes control. If a claim turns out not to be authorised, we’ll revoke it.

And if you’d rather not be listed at all, tell us and we’ll remove the record. You don’t have to claim it first.

Your content and your perch

You keep ownership of the information you add to your perch. By adding it, you grant us a limited license to host, display, and process it to operate the Service — for example, to generate matches, to power your AI agent, and, only when you take an explicit action, to share it as part of an introduction you initiate. You’re responsible for the accuracy of what you submit and for having the right to share it. Don’t post anything false, misleading, unlawful, or that infringes someone else’s rights. You control who you share your perch and documents with — through matching, Town Square, or a link you send — and you’re responsible for those choices and for what recipients do with what you share.

We may use general, non-identifying information about what founders are building — sector, stage, and topic — to describe the kind of work on AdPerch, including publicly. In that description we never publish your name, your company, your location, or anything you’ve written.

Percy

Percy is an AI agent. When you’re talking to Percy, you’re talking to software — a large language model working from the record you’ve built on AdPerch, and from fund information we have on file.

What Percy does: reads and summarises your own record, drafts text you can edit, answers questions about your raise and about funds, and surfaces which funds fit what you’ve written.

What Percy doesn’t do: give investment, legal, tax or financial advice. Nothing Percy says is a recommendation to raise, to accept an offer, or to invest. Percy also can’t tell you what a fund will decide.

Percy’s output is generated. It can be wrong, incomplete or out of date, and you should check anything you rely on. Where Percy cites something from your record, that citation resolves to a real event on your record — but the words around it are still generated.

Percy preparing or proposing something is never the same as sending it — that step is always yours.

Nothing agreed through Percy is binding

Percy can draft, suggest and prepare things. Percy cannot agree to anything on our behalf or on yours.

Nothing said in a conversation with Percy — by you, by us, or by an agent acting for either of us — creates a contract, a non-disclosure obligation, a commitment to invest or to fund, a settlement, or any other binding agreement. That’s true whether the conversation happens in the product, over our agent interface, or anywhere else Percy appears.

The same goes for anything a founder and a fund say to each other through AdPerch. We provide the surface; any agreement between you and another user is between the two of you, and we’re not a party to it.

Agreements with AdPerch are in writing, from us, and signed.

How matching works

AdPerch decides which funds to surface to you, and which founders to surface to a fund, using automated matching — software comparing what you’ve written against what a fund has published or told us.

No human reviews each match, and no match is a decision about you. A fit score is a comparison, not a judgement, and it doesn’t decide whether anyone funds you.

You can see what your match is based on, change it by editing your record, and ask us to explain how a match was reached. You can also ask us to stop surfacing you to funds — email us and we’ll do it.

No guarantee of outcomes

AdPerch does not guarantee that you’ll be matched, introduced, funded, or that any introduction will lead to a meeting, investment, or any particular result. We don’t endorse, vet, or vouch for any founder, investor, or fund on the platform, and we’re not responsible for the conduct, decisions, representations, or agreements of anyone you connect with through the Service. Any dealings you enter into with another party are solely between you and them.

Using what you find

AdPerch exists so founders and funds find each other. What you find here is yours to act on.

If you’re a founder, you can contact any fund you find, send them a link to your perch, and carry that conversation wherever it goes — email, a call, a term sheet. If you’re a fund, you can evaluate any founder who reaches you here, contact them, and take the relationship forward however you both prefer.

We don’t take a cut, we don’t require you to keep talking here, and we don’t ask to be told how it went. Relationships that start on AdPerch belong to the people in them.

What stays here

What you may not do is take the collection.

Don’t systematically copy, export, scrape or bulk-download the funds, founders or profiles on AdPerch. Don’t use what’s here to build a competing directory, dataset or matching service, and don’t resell or redistribute it. Don’t use automated tools to enumerate the platform beyond the interfaces we give you.

Acting on what you find is the product. Taking what we compiled is not. If you’re not sure which side of that line something falls on, ask us.

Beyond that: don’t impersonate any person or firm or claim a profile you’re not authorized to claim; don’t upload malicious code or attempt to breach security, access another user’s perch, or interfere with the Service’s operation; and don’t use AdPerch to send spam or for any unlawful purpose. We may suspend or terminate access that violates these Terms.

If you’re a fund, what you can do with what you see

When a founder reaches you through AdPerch, you can read everything they’ve shared, discuss it inside your firm, and use it to decide whether to talk to them. That’s the point.

What you can’t do with it: add it to a dataset or database you’re building, share it outside your firm, sell it, or use it to train a model.

If you pass, you don’t keep working from it. You can keep your own notes about a conversation you had — those are yours. The materials a founder shared with you are theirs, and your access to them ends when your relationship with them does.

Greenlighting a founder

When a fund greenlights a founder, contact opens between them and the founder can see who the fund is. That’s a decision the fund makes, not one we make for them, and it can’t be taken back — the founder has already seen it.

Greenlighting isn’t a commitment to invest and doesn’t create one. It means you’re open to talking.

When you share access

If you add someone to your perch or your fund, they can see what that record contains and take the actions their access level allows. You choose that level and you can change or remove it at any time.

Anything they write becomes part of what your business says. If a teammate edits the record or messages a fund, it goes out in the business’s name, and you’re responsible for it the same as if you’d written it.

Everything above applies to anyone you give access to — including the limits on founder materials described above. If someone leaves your firm, remove their access.

Their own account is theirs. Removing someone’s access ends what they can see of your business — it doesn’t touch anything in their own account, and it doesn’t delete anything they own.

When a seat ends, that person’s access ends with it. Anything they saved while seated stays subject to the same limits that applied to the fund — evaluate and contact that founder, nothing else.

Connecting an agent

You can connect your own AI agent or tool to AdPerch through the interfaces we provide, using credentials we issue to you.

Those credentials are yours and you’re responsible for what’s done with them. An agent acting on your credentials is acting as you.

An agent sees what you see, and no more. A fund’s agent can read that fund’s own inbound applications, and the founders whose stage and sector fit that fund’s stated criteria — the same screen the fund sees in the app, in the same card-only form, without founder names or contact details. It is not a search of our founders and not a directory, and it cannot reach anyone: an introduction still takes an explicit action by a person.

If you are a founder, this is the channel that clause is about. While you are raising, a fund whose criteria you fit can view your perch in the app or through an agent it has authorised — the same information either way, and your contact details stay private until you both show interest in proceeding to application.

What you get through an agent interface is for your own use of AdPerch. You may not retain it after your access ends, redistribute it, resell it, or use it to train a model or build a competing dataset. We may limit how often an agent can call us, and we may suspend a credential that’s costing us more than the account it belongs to.

Intellectual property

The Service — including the AdPerch name, design, software, and the compiled organization of its content — belongs to AdPerch and is protected by intellectual-property laws. These Terms don’t grant you any right to our branding or to the platform beyond the limited use needed to operate as a user.

Third-party services and links

AdPerch relies on third-party providers — the ones that see text you have written are named in our Privacy Policy, and that list is the single place we keep it current — and may link to third-party sites. We’re not responsible for third-party services or content, which are governed by their own terms.

Disclaimers

The Service is provided “as is” and “as available,” without warranties of any kind, whether express or implied, including any implied warranties of merchantability, fitness for a particular purpose, accuracy, or non-infringement, to the fullest extent permitted by law. We don’t warrant that the Service will be uninterrupted, secure, or error-free, or that any information on it is accurate or complete.

Limitation of liability

To the fullest extent permitted by law, AdPerch and its operators will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any lost profits, lost opportunities, lost data, or lost funding, arising out of or relating to your use of the Service — even if we’ve been advised of the possibility. To the fullest extent permitted by law, our total liability for any claim relating to the Service is limited to the greater of the amount you paid us for the Service in the twelve months before the claim, or US $100.

Indemnification

You agree to indemnify and hold AdPerch harmless from claims, losses, and expenses (including reasonable legal fees) arising from your use of the Service, your content, or your violation of these Terms or of any law or third-party right.

Changes to the Service and these Terms

We’re an early-stage product and the Service will change. We may add, modify, or discontinue features at any time. We may also update these Terms; when we do, we’ll revise the “Last updated” date above, and your continued use after a change means you accept the updated Terms.

Termination

You can stop using AdPerch at any time. We may suspend or end your access if you violate these Terms or if we discontinue the Service. Sections that by their nature should survive — such as intellectual property, disclaimers, limitation of liability, and indemnification — will survive termination.

Governing law

These Terms are governed by the laws of the State of California, without regard to its conflict-of-laws rules, and you agree to the exclusive jurisdiction of the state and federal courts located in California for any dispute that isn’t otherwise resolved.

Contact

Questions about these Terms? Email contact@adperch.ai.