This document sets forth the terms applicable to subscriptions to Akka's investment club, as well as the use of the platform through the App or website and the referral program.
Hereinafter, subscribers will be referred to as "Member," and BLAST ANGELS EUROPE SAS as "Akka."
The use of this website, the App or the request to subscribe to a membership implies acceptance of the subscription and platform usage conditions, as well as our Data Protection Policy, which Members must consult and accept before proceeding with the subscription and use of the Platform. These subscription conditions may vary. It is the Member's responsibility to read them periodically, as the conditions in effect at the time of subscription will be applicable. For any questions about the conditions or data protection, please fill out the contact form or contact our online department at the email address contact-nordics@akka.app.
The user declares to be aware, at the time of subscribing to the membership, of the specific subscription conditions indicated in the data sheet of each subscription (type of subscription, price, included services, etc.) and expressly declares to accept them without reservation.
The completion of the subscription and its confirmation by the user make them a Member and imply full and complete acceptance of the specific subscription conditions, as well as acceptance of the rest of the legal documents published both on the website and in the legal notice and privacy policy.
A Member is any natural or legal person who subscribes and registers on Akka's platform according to the registration procedure.
To access the services that Akka makes available to users as a Member, registration is required, acceptance of these Terms and Conditions, and compliance with the following requirements:
The Member can be Expert or Non-Expert, in accordance with the definition established in the applicable regulations.
The Member can never act as an intermediary for another Member.
Akka reserves the right to include additional requirements, at its discretion, to become a Member of its Platform.
To become a Member, Internet Users must create a personal account on the Platform:
Registration as a Member will not be considered valid until all the above conditions are met and Akka's team has approved the profile. Akka reserves the discretionary right to accept or refuse any registration without having to justify its decision or provide any compensation.
Upon completing the registration form, the Member guarantees to Akka that the information provided about his/her identity, contact details, and other additional information requested is accurate, truthful, up-to-date, and complete.
To purchase one of the offered memberships, the following steps must be followed:
The services offered to Members are as follows:
4.1.1 Presentation of Service 1 – Akka offers a service that consists of providing Members, through its Platform, general information about Startups seeking funds. To present a Startup on its Platform, Akka enters into a service contract with each Startup. It is important to note that the fundraising requested by Startups can take various forms, including capital increases, convertible notes, issuance of bonds, or securities giving access to capital.
4.1.2 No Financial Investment Advice – Akka conducts a preliminary analysis of each Startup and its fundraising project before presenting them on the Platform. It is important for Members to understand that Service 1 consists solely of providing general information about the Startup. Consequently: (i) Service 1 is not an investment advisory activity; (ii) Access to Service 1 does not constitute a personalized investment recommendation; and (iii) Akka will not provide any advice to Members and will not monitor investments made by Members through Service 1.
4.1.3 Knowledge of General Asset Management Principles – The Member expressly declares to know and apply the essential rules of asset management related to investing in unlisted companies' capital, including: Do not invest more than 5-10% of your non-real estate assets in this asset class. Do not invest savings that may be needed in the short or medium term. Diversify investments within this asset class as much as possible. The return on investment depends on the success of the funded project.
4.1.4 Anti-Money Laundering – KYC – Since the Service 1 offered by Akka is limited to presenting Startups, Akka is not a financial intermediary legally obliged to comply with AML regulations. However, Akka reserves the right to request from any Member the necessary KYC documents including: copy of identity document, proof of residence, form on the origin of income and assets. For legal entities: articles of incorporation, certificate of validity, copy of the most recent financial statements, bylaws, certificate of beneficial ownership.
The shares are subscribed through investment vehicles created by Akka. Service 2 takes place in two distinct phases: the Intention Period, during which each Member can express their intention to subscribe, and the Subscription Period, during which Members who have expressed an intention must actually subscribe and proceed with payment.
If the intentions expressed exceed the maximum amount planned, Akka will use an algorithm to select the Members eligible to participate. Members who have expressed an intention but have not effectively subscribed within the communicated time period may be excluded from the investment opportunity, and the fees indicated in clause 8.2 will still be due to Akka.
Regarding payments, Akka manages them through the Lemonway payment gateway. Users accept Lemonway's terms and conditions as part of the services offered by Akka.
Akka will create a tool that allows Members to access events organized by Akka through its clubs. Akka does not guarantee the number of events.
Akka will give you access to its investment training academy, where you will find a wide variety of educational resources, including videos taught by experts in various subjects.
Subscription to one of Akka's memberships allows the Member to access the Platform and other resources for one (1) calendar year. At the end of the subscription period, the subscription will automatically renew for successive one (1) year periods, unless the Member informs Akka of his/her wish not to renew it, in accordance with clause 30.1 of these Terms ("Cancellation of Subscription").
The information provided on the website, App and Platform is accurate and free from typographical errors. In the event such an error occurs, Akka will immediately proceed to correct it.
Subscriptions made by Members will be considered binding exclusively in English.
Membership as an Akka Member is subject to a fee and is valid for one year, three years or lifetime depending on the chosen subscription. The membership amount depends on the chosen subscription and the applicable price is the one in effect at the time of subscribing. The price varies according to the selected membership tier and is displayed in the corresponding section of the website.
The payment of the offer is made exclusively through Stripe via your bank card using the secure payment module. The payment can be made by monthly payments or a single payment for the full price, due at the time of subscription.
8.1.1 "Free Forever" Membership for Loyalty – Akka members who meet the following loyalty criteria may access a "Free Forever" membership at no cost: They must have been a paying Akka Member for three (3) consecutive years, with a maximum of one single period of inactivity of no more than one (1) month. They must have made a minimum of ten (10) investments through Akka during the three-year period. This membership includes: Ticket Size from €300 to €100,000 per investment, unlimited investments.
8.1.2 Business Angel Direct Plan – Akka offers a special "Business Angel Direct" plan: Free Membership subject to a minimum investment of €10,000 in each investment opportunity. Minimum Ticket Size: €10,000. Maximum Ticket Size: €100,000. Unlimited investments.
For Service 2, Akka charges structuring fees ranging from 3% to 8% for each investment made. The percentage is determined based on the Member's membership:
*Percentage applied to the amount of each investment made under Service 2.
Additionally, 5% of the investment made by the Member will be retained and not invested in the respective Startup, to finance the operating costs of the investment vehicle itself (management fees). For certain investment opportunities, the management fee may be increased by up to 5% to cover all transaction costs.
Akka receives a fee on any capital gains realized by Members. The applicable commission will be 20% for all investments made before 16 March 2026. For investments made on or after 16 March 2026, the applicable commission will be 15%.
All prices are indicated by default in euros. The indicated price includes taxes applicable to the transaction. In case of discrepancy between the fees indicated on the App, the Site via the desktop version and the Site mobile version, the fees displayed on the desktop version will prevail.
When a member first purchases an Akka investment club membership, he/she may receive a coupon which can be used on his/her next investment. This coupon constitutes a non-refundable balance, which may only be used in addition to an investment made through the Platform. The coupon shall be used within two months following the purchase of the membership. Once expired, no reactivation or compensation is possible.
To complete the purchase, the user can do so via Stripe by entering their bank card details. Online payment is made through the Redsys payment system, whose security and encryption systems guarantee the encrypted sending of data. Bank details will never be used by Akka for purposes other than completing procedures related to the purchase.
Members have the right to withdraw from their subscription within thirty (30) days from the date of their registration for any of our services. To exercise, send a written notification to contact-nordics@akka.app. The full amount paid will be refunded within thirty (30) days. Members will not have the right of withdrawal if they have started using any of the services offered by Akka.
Access to online resources can only be made by the Member. Access by third parties is expressly not authorized and will constitute sufficient reason for the cancellation of the Member's subscription.
Members must provide an email address, which will be used for: identification, transaction confirmation, communication related to the personal account, and transmission of information related to the Services. If the Member wishes to modify their identification, they can do so via "My Account" on the Platform or by contacting contact-nordics@akka.app.
All information related to investment opportunities and access to the personal area are reserved exclusively for Members. The purchase of a membership gives access to the Platform. Members assume full responsibility for any use of their access credentials. The Member must immediately inform Akka of any unauthorized use of their account at contact-nordics@akka.app.
By this agreement, the Member undertakes to:
In case of violation, Akka will have the right to limit or block access to the services or cancel the Member's registration.
The Member undertakes to: maintain strictly confidential all information on Akka's Platform; not carry out investments to become a competitor of Akka; avoid any conflict of interest; acknowledge the Terms and Conditions of Use; and assume their own costs and taxes arising from the investment.
Akka undertakes to perform its role of intermediation and investment management in accordance with the principles of honesty, fairness, and professionalism. Akka has an obligation of means and not of results. Akka cannot guarantee that the Services are error-free, defect-free, or always available. Akka cannot be held responsible for data, information, or content provided by a Startup.
17.1 Information Contained on the Platform – The documentation and information published on the Platform are for informational purposes only and do not constitute any form of investment, legal, accounting, or tax advice. All information is provided by the Startups and is their sole responsibility. The valuations of the Startups are established by the Startups themselves.
17.2 Investments Made Through the Platform – The Member expressly acknowledges being fully aware that any investment in Startups carries a high risk of total loss of the invested capital and a total lack of liquidity. Members have exclusive control over the management of their assets and assume full responsibility for their investments. In particular, the Member releases Akka from any liability for: the result of the Investment including total loss; any offense suffered before, during, or after the Investment; actions by third parties; interruptions or failures in accessing the Platform; cases of force majeure; and any direct or indirect damage.
Investing in the projects published on the Platform may involve certain risks, such as total or partial loss of the invested capital, not obtaining the expected monetary return, or lack of liquidity. Investments made through the Platform are not guaranteed. There is no guarantee fund that ensures the recovery of the investment.
Akka has designed and implemented policies and procedures to minimize the risk of fraud in its operations, including collecting all necessary information before accepting the publication of projects and periodically reviewing its procedures and systems.
The Referral Program is designed to reward Members who recommend new potential members to the Akka club, promoting the expansion of the community.
Participation is reserved for Members who have completed all profile information, the KYC/KYB process, and have made their first investment. Participation occurs exclusively through the personalized referral link provided within the Member's account. The link must be shared personally and directly, respecting the prohibition of publication on online public channels or mass dissemination.
22.1 Benefits for the Member:
22.2 Benefits for the Referee: Each new referred Member will receive a 10% discount on the first year's membership fee.
To be considered valid, a referee must: use the referral link, be accepted by Akka, complete registration and KYC/KYB and acquire a paid membership within 30 days, and not cancel within three months. Self-referrals are not allowed.
The referral link is exclusively for private use and cannot be published on any online public medium or platform. Mass distribution is strictly prohibited.
Referral rewards will be credited within 90 days of confirming the referee's acquisition of the membership fee, credited to the Member's wallet on Akka. The 50% discount for three referrals will automatically apply to the next renewal.
Akka reserves the right to modify or cancel the Referral Program at any time without prior notice. Completed referrals before any modification will remain valid.
Any fraudulent activity or attempt to manipulate the Referral Program will result in disqualification and revocation of benefits.
Akka will not be liable for any damages arising from the use or inability to participate in the Referral Program.
By participating in the Referral Program, both the Member and the referee accept and commit to complying with these terms.
30.1 By the Member – The Member may unilaterally cancel the contracted subscription at any time during its validity. Cancellation must be notified at least fifteen (15) days before the end of the initial one (1) year subscription or the relevant renewal period. If the member has opted for monthly payments, they will be required to continue paying until the end of the applicable subscription year. Such cancellation will not result in the refund of amounts paid. To cancel, the Member must write to contact-nordics@akka.app.
30.2 By Akka – Akka reserves the right to suspend or terminate the Member's access without notice or compensation, in particular in cases of: circumventing technical protection measures, providing false information, fraud, non-payment, material or repeated breach, unauthorized use, or actions contrary to Akka's commercial interests.
30.3 Non-payment – In the event of default, Akka will notify the Member granting seven (7) days to rectify. If unresolved: Akka may unilaterally cancel the subscription; the Member shall pay a penalty equivalent to 100% of total remaining fees plus up to three times the outstanding fees; Akka may offset debts against investment profits; and Akka may initiate legal proceedings.
30.4 Investments made before cancellation – If you have invested in a project presented by Akka, you will retain that stake until its conclusion. You will remain bound to Akka for that stake and must fulfill obligations arising from capital gains as established in clause 8.3. You can continue to access Akka's platform solely to stay informed about your investments. The duty of confidentiality will remain in full force.
Akka is the owner of the Platform, including its technical, graphic, textual, and other aspects. Akka is the sole holder of the intellectual property rights relating to the Site and the Platform, its content, and the databases that guarantee its operation.
Members can submit complaints via contact-nordics@akka.app. Akka is obliged to manage and resolve complaints within one month. After this period, the interested party may contact the Finansinspektionen Complaints Service. Address: Brunnsgatan 3, downtown Stockholm. Assistance phone: +46 (0)8 408 980 00.
During the use of the Site and Platform, Akka collects personal information in compliance with Regulation (EU) 2016/679 (GDPR). This information is intended exclusively for Akka's internal processing purposes and will not be shared with third parties for commercial purposes. Members' data may be disclosed in accordance with a law, regulation, or judicial decision. To exercise your rights, contact contact-nordics@akka.app. For more information, please consult our Privacy Policy.
The Member may not assign, transfer, delegate, or substitute their contractual position towards Akka.
If one or more clauses are declared null and void, the remaining clauses will retain all their force and scope.
Akka reserves the right to modify the Terms of Use at any time. Any modification will be communicated via email. If the Member does not express objection within ten (10) days, modifications will be considered accepted.
The subscription is considered made in Swedish territory; therefore, Swedish legislation will apply. In case of dispute, both parties agree to submit to the jurisdiction of the Courts of the Member's domicile.
Updated version: March 10th, 2026
