Investing in private companies involves risks, including illiquidity, lack of dividends, loss of capital and dilution, and should only be undertaken as part of a diversified portfolio. All investment opportunities connected to Aura Ventures, along with group, associate and connected companies, are directed exclusively at investors able to understand these risks and make their own investment decisions. This document has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA), and is exempt from the general restriction in section 21 of FSMA on the communication of invitations or inducements to engage in investment activity on the grounds that it is directed only to qualifying and exempt recipients. Any individual who is in any doubt about the investment to which the communication relates should consult an authorised person specialising in advising on investments of the type described in this document. Whilst all reasonable efforts have been taken to ensure the accuracy of the information contained in this document at the date of publication, no representation or warranty, express or implied are given as to the relia- bility, completeness or accuracy of such information, which may be amended at any time without notice. This document is made available on the basis that the company excludes, to the extent lawfully permitted, all liability whatsoever. Recipients should seek independent professional advice before deciding to invest. This document is provided on a confidential basis and should not be reproduced or redistributed without consent. The exempt classes of investor that this document is directed at are set out in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, but are summarised as follows: Investment Professionals having professional experience in matters relating to investments, such as an authorised person; Certified High Net Worth Individuals, being somebody who has signed a certificate in a prescribed form within the past 12 months to the effect that in the financial year immediately preceding the date of the certificate that they had: (i) an annual income to the value of £100,000 or more; or (ii) net assets to the value of £250,000 or more, excluding their primary residence, qualifying contracts of insurance, pension and any other benefits payable on death or retirement; Self-Certified Sophisticated Investors, being somebody who has signed a certificate in a prescribed form within the past 12 months to the effect that in the financial year immediately preceding the date of the certificate that at least one of the following applies: (i) they are a member of a network or syndi- cate of business angels and have been so for at least the last six months prior to the date of the certificate; (ii) they have made more than one investment in an unlisted company in the two years prior to the date of the certificate; (iii) they are working or have worked in the two years prior to the date of the certificate in a professional capacity in the private equity sector or in the provision of finance for small and medium enterprises; or (iv) they are currently, or have been in the two years prior to the date of the certificate, a director of a company with an annual turnover of at least £1 million. Certified Sophisticated Investors, being somebody who has a current certificate signed by an authorised person to the effect that they are sufficiently knowledgeable to understand the risks associated with the type of investment described in this document and have signed a certificate in a prescribed form within the past 12 months that they qualify as a certified sophisticated investor able to receive exempt promotions.