PORTFOLIO COMPANIES DISPLAYED ON THIS PAGE ARE NOT NECESSARILY REPRESENTATIVE OF ALL INVESTMENTS IN VEHICLES MANAGED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. (TOGETHER WITH ITS AFFILIATES, “500 GLOBAL”) AND THERE CAN BE NO ASSURANCE THAT THE INVESTMENTS WILL BE PROFITABLE OR THAT OTHER INVESTMENTS MADE IN THE FUTURE WILL HAVE SIMILAR CHARACTERISTICS OR RESULTS. THIS LIST INCLUDES CURRENT AND FORMER 500 GLOBAL PORTFOLIO COMPANIES WHICH HAVE BEEN ACQUIRED AS WELL AS COMPANIES WHICH HAVE UNDERGONE AN INITIAL PUBLIC OFFERING, AND MAY INCLUDE COMPANIES THAT ARE NO LONGER OPERATING OR HAVE CHANGED SECTOR, REGION OR TECHNOLOGY. SOME UNICORNS AND CENTAURS IN THE 500 GLOBAL PORTFOLIO HAVE NOT PUBLICLY DISCLOSED THEIR VALUATIONS AND ARE NOT LISTED ON THIS PAGE. THIS LIST IS UPDATED PERIODICALLY AND AS SUCH MAY NOT REFLECT RECENT 500 GLOBAL INVESTMENTS. PAST RESULTS OF 500 GLOBAL INVESTMENTS, POOLED INVESTMENT VEHICLES, OR INVESTMENT STRATEGIES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE SECTOR, REGION AND TECHNOLOGY CATEGORIZATIONS SHOWN ON THIS PAGE HAVE BEEN MADE BY 500 GLOBAL, ARE SUBJECT TO CHANGE AND MAY NOT ALIGN WITH INDUSTRY STANDARDS OR THE CHARACTERIZATION OF OTHER INVESTORS OR THE COMPANIES LISTED ON THIS PAGE. NO CONTENT ON THIS PAGE SHOULD BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES, CONSTRUCTED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS FUND, OR USED AS THE BASIS FOR ANY INVESTMENT DECISIONS. ALL LOGOS, NAMES, AND TRADEMARKS OF THIRD PARTIES REFERENCED HEREIN ARE THE TRADEMARKS AND LOGOS OF THEIR RESPECTIVE OWNERS. ANY INCLUSION OF SUCH TRADEMARKS OR LOGOS DOES NOT IMPLY OR CONSTITUTE ANY APPROVAL, ENDORSEMENT OR SPONSORSHIP OF 500 GLOBAL BY SUCH OWNERS.
Sustainability related disclosures
500 Startups Istanbul Fund II Coöperatief U.A. (hereinafter the “Fund”) qualifies as an alternativeinvestment fund within the meaning of the Directive 2011/61/EU of the European Parliament and of theCouncil of 8 June 2011 on Alternative Investment Fund Managers, and is managed by 500 StartupsIstanbul II B.V. (hereinafter the “ Manager”). The Manager is a Financial Market Participant as defined inthe Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the"SFDR") and amending Regulation (EU) 2020/852 on the establishment of a framework to facilitatesustainable investment (the "Taxonomy Regulation") as in force since 10 March 2021.
SFDR is a European regulation that requires disclosures to be made by market participants with regards to incorporating sustainability risks in the investment process so investors can see how sustainability impact of investments are taken into account. In this manner sustainable investing will be promoted inthe EU.The Manager needs to comply with the requirements of SFDR and the Taxonomy Regulation in the contextof the investments decision process.
The following definitions are relevant:
- A "sustainable investment" is defined as an investment in an economic activity that contributesto an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy,or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labor relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments does not significantly harm any ofthose objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance.
- ‘No significant harm’ means that for each environmental objective, uniform criteria for determining whether economic activities contribute substantially to that objective should be laiddown. One element of the uniform criteria should be to avoid significant harm to any of the environmental objectives. This is in order to avoid that investments qualify as environmentally sustainable in cases where the economic activities benefitting from those investments cause harm to the environment to an extent that outweighs their contribution to an environmental objective.
- ‘Environmental objective’ means the objectives as laid down in Article 9 of the TaxonomyRegulation.
- ‘Promoting sustainability’ means a fund promotes among other characteristics, environmental or social characteristics, or a combination of those characteristics, provided that the companies in which the investments of the fund are made, follow good governance practices.
- ‘Sustainability risk’ means an environmental, social or governance event or condition that, if itoccurs, could cause an actual or a potential material negative impact on the value of theinvestment(s).
- ‘Sustainability factors’ mean environmental or social and employee matters, respect for human rights, anti-corruption and anti-bribery matters. This is what is or can be impacted by investment decisions.
