Terms of Use & Privacy Policy

USERS SHOULD READ THESE TERMS OF USE CAREFULLY BEFORE ACCESSING THIS WEBSITE.

Welcome to the Polaris Growth Management, L.L.C., North Star Venture Management 2010, L.L.C. and LS Polaris Innovation Fund Management, L.L.C. (collectively, “Polaris Partners”) website. This website contains information about Polaris Partners, its funds and its affiliates. For the purposes of these terms, and the related disclosures described herein, these entities are herein and collectively referred to as “Polaris” or “we”. By accessing or using this website, you acknowledge that you have read these Terms of Use in their entirety and agree to abide by them. These Terms of Use, which incorporate our Privacy Policy, constitute a legally binding agreement (the “Agreement”) between you and Polaris and govern your access and use of the website.
By accepting these Terms of Use, you represent and warrant to Polaris that you are authorized to enter into this Agreement. If you do not accept these conditions, do not use this website. Polaris may change, add or remove portions of the Terms of Use from time to time and any modifications will be effective immediately upon posting unless we indicate otherwise. Your use of the website indicates your full acceptance of these Terms of Use in its then current form each time you access the website. We suggest that you review these Terms of Use periodically for changes.

FUNDS

Unless noted otherwise, references on the website to the “Polaris Main Funds” represent the funds managed by North Star Venture Management 2010, L.L.C. (i.e., Polaris Venture Partners I, L.P., Polaris Venture Partners II, L.P., Polaris Venture Partners III, L.P., Polaris Venture Partners IV, L.P., Polaris Venture Partners V, L.P., Polaris Venture Partners VI, L.P., Polaris Partners VII, L.P., Polaris Partners VIII, L.P., Polaris Partners IX, L.P., Polaris Partners X, L.P., and Polaris Healthcare Technology Opportunities Fund, L.P., as well as any alternative investment vehicles and side funds).

LS Polaris Innovation Fund, L.P. (“LSPIF”) and Polaris Innovation Fund II, L.P. (“PIF II,” and together with LSPIF, the “Polaris Innovation Funds”) are specialized affiliate funds of Polaris Partners that are managed by their adviser, LS Polaris Innovation Fund Management, L.L.C.

Polaris Growth Fund I, L.P. (“PGF I”) and Polaris Growth Fund II, L.P. (“PGF II,” and together with PGF I, the “Polaris Growth Funds”) are also specialized affiliate funds of Polaris Partners that is managed by their adviser, Polaris Growth Management, L.L.C. The Polaris Growth Funds make levered recapitalizations of software and technology-enabled services companies across a variety of industry verticals.

NO OFFER OF SECURITIES OR ADVICE
The website contains general information about Polaris and its portfolio and is directed at entrepreneurs interested in partnering with Polaris and for individuals considering possible employment with Polaris. Nothing on this website is an offer or solicitation to buy or sell any security, including, without limitation, any interested in any investment vehicles managed by Polaris or any company in which Polaris, any Polaris fund, or any of their respective affiliates, have invested. Although the website may include investment-related information, nothing on this website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. Nothing on this website is intended to be, and you should not consider anything on the website to be, investment, accounting, tax or legal advice
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An offer regarding any Polaris fund may only be made after receipt of a confidential private placement memorandum concerning a particular fund and the opportunity to discuss all matters concerning any prospective investment. This website is not intended for prospective investors in Polaris funds and does not provide information material to an investor’s decision to invest in any Polaris fund, including, but not limited to, risk factors. For such information, investors should refer to the relevant fund’s private placement memorandum.
The website may include current and historical portfolio companies. Such references are for illustrative purposes only and do not represent all Polaris portfolio companies. A full list can be found here.

The information contained in the website may include certain historical investment performance information and forward-looking statements relating to the Polaris funds as well as to their underlying portfolio companies. Forward-looking statements are not guarantees of the underlying expected actions or future performance and future results may differ significantly from those anticipated by the forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future performance will be comparable to past performance.

OTHER DEFINITIONS AND DISCLOSURES

Entrepreneur Partners and Executive Partners are portfolio company support providers, and any compensation received by an Entrepreneur Partner or Executive Partner from a fund or portfolio company will not be treated as fees subject to the management fee offset. Entrepreneur Partners and Executive Partners may also receive certain compensation which is treated as a Management Company expense.

Repeat Entrepreneurs are individuals who, with respect to each of two or more portfolio companies of the Polaris Main Funds (including indirect investments via Polaris Partners LSPIF Investment Company, LLC, Polaris Partners LSPIF Investment Company II, LLC, and Polaris Partners PIF Investment Company III, LLC): (a) played a pivotal role impacting Polaris’ initial investment, the formation, strategy, trajectory, direction, and/or successful outcome of such portfolio company; and (b) served in the capacity as a founder, Chief Executive Officer, senior executive employee, member of the board of directors, or chairman of the board of directors of such portfolio company. Repeat Entrepreneurs who are not also Entrepreneur Partners are not employees of Polaris and are oftentimes employees of portfolio companies and/or receive compensation from portfolio companies. Any compensation received by an Entrepreneur Partner from a portfolio company will not be treated as fees subject to the management fee offset.

Strategic Acceleration Group (“SAG”) individuals are employees of Polaris who provide finance, corporate development, sales acceleration and other support services (the “Operating Advisor Services”) directly to the portfolio companies of the Polaris Growth Funds on behalf of the SAG business. The SAG business pays such individuals compensation for their Operating Advisor Services and bear expenses related to the provision of such services and operating the SAG business (such amounts, the “Operating Advisor Business Costs”). The SAG business has and expects to continue to charge portfolio companies for such Operating Advisor Services (any such payments, “Operating Advisor Portfolio Compensation”), provided that over the term of any Polaris Growth Fund, Operating Advisor Portfolio Compensation shall not exceed Operating Advisor Business Costs. In the event that the aggregate Operating Advisor Portfolio Compensation received by the SAG business during the term of a Polaris Growth Fund fund exceeds the amount of Operating Advisor Business Costs borne by the SAG business (such excess amount, the “Operating Advisor Services Net Income”), the management fee payable by such fund will be reduced by the amount of any such Operating Advisor Services Net Income.

Growth Experts are not employees of Polaris and are oftentimes employees of portfolio companies and/or receive other compensation from portfolio companies. Any compensation received by a Growth Expert from a portfolio company will not be subject to offset against management fees.

Other Definitions Used Herein:
“IPOs” includes companies that were private investments in the Polaris portfolio prior to filing for initial public offerings.

“Exits” includes both public and private companies in the Polaris portfolio for which a majority of the Polaris securities were acquired in a merger or acquisition by third party.

“Therapies to Market” reflects healthcare therapies and devices to market, including FDA product approvals, by Polaris portfolio companies since the firm’s inception (1996) through Q1 2022.

All Polaris figures and statistics on this website are as of Q1 2022.

OWNERSHIP

All content included on this website, such as documents, charts, graphics, logos, articles and other materials, is the property of Polaris or others and is protected by copyright and other laws. All trademarks and logos displayed on this website are the property of their respective owners, who may or may not be affiliated with Polaris.

RESTRICTIONS ON USE

You may not access the website or use the information contained in the website for any illegal purpose or in any manner inconsistent with these Terms of Use. You agree to access the website and use the information contained therein solely for your own noncommercial use and benefit, and not for resale, redistribution or other transfer or disposition to, or use by or for the benefit of, any other person or entity. You agree not to use, transfer, distribute or dispose of any information contained in the website in any manner that could compete with the business of Polaris or its portfolio companies.
You may not decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of this website. You may not publish, broadcast, retransmit, reproduce, repackage, commercially exploit, create any derivative of or otherwise redistribute all or any portion of the website except as explicitly permitted in these Terms of Use.

RISKS YOU ASSUME BY USING THE WEBSITE

Information on the website speaks only as of the date indicated. While we make reasonable efforts to provide accurate information, at times we may not promptly update or correct the website even if we are aware that it is inaccurate, outdated or otherwise inappropriate. You agree that we are not responsible for any action that you take or decision you make in reliance on any information contained in the website.

COMMUNICATIONS

While we make commercially reasonable efforts to ensure that the website is secure, we do not guarantee the security of the website or your communications with us through the website. Electronic communications can be intercepted by third parties and, accordingly, transmissions to and from this website may not be secure. Communications to Polaris, particularly those containing confidential information, may be sent by mail to: Polaris Partners, One Marina Park Drive, 10th Floor, Boston, MA 02210, attn: General Counsel. Polaris shall be free to use, for any purpose, any ideas, concepts, know-how, or techniques provided by you to Polaris through this website.

THIRD PARTY WEBSITES

Please note that these Terms of Use apply only to this website and not to other websites that may be accessible from this website via hyperlink. We are responsible only for the content of our own website and we have no control over other websites that may be accessible from this website, the contents therein or the products/services offered thereby. If you access any third party website through our website or otherwise, you do so at your own risk. Hyperlinks to or from this website do not constitute third party endorsement of, sponsorship by or affiliation with us. We encourage you to review the privacy policies and user agreements of all other websites that you visit as such policies and agreements will govern your use of those websites.

INTERNATIONAL USE

Due to the global nature of the Internet, this website may be accessed by users in countries other than the United States. We make no warranties that materials on this website are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this website, then you should not do so. Those who choose to access this site outside the United States do so on their own initiative and are responsible for compliance with all local laws and regulations. In addition information collected from users outside the United States may be transferred to the United States and other countries.

DISCLAIMER OF WARRANTIES

You acknowledge that we provide the contents of this website on an “as is” basis with no warranties of any kind. We disclaim all representations and warranties, express or implied of any kind with respect to the website, including warranties of merchantability, fitness for a particular purpose and non-infringement of intellectual property and proprietary rights. Without limiting the foregoing, we do not warrant the availability, accuracy, completeness, timeliness, functionality, reliability, speed or delivery of the website or any part of the information contained in this website. Your use of this website and use or reliance upon any of the materials on it is solely at your own risk.

LIABILITY

Neither we nor any of our agents, members, managers, officers, directors or employees are responsible for any damages, liabilities or injury, including but not limited to direct, indirect, incidental, special, exemplary, punitive or consequential damages, or for any lost profits or losses, however caused, arising out of your use of (or inability to use) this website, whether arising under this Agreement or otherwise. Our liability is limited to the maximum extent permitted by law and is limited even if we have been advised of the possibility of the damages, liability or injury that you suffer or if any remedy you have fails of its essential purpose, including any damages, liabilities or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure, or other computer malfunction.

In exchange for using this website, you agree to indemnify and hold Polaris, our agents, members, directors and employees harmless against any and all claims, losses, liabilities, costs and expenses (including, but not limited to, attorneys’ fees) arising from your use of this website or your violation of this Agreement. In addition, you understand and agree that your use of this website is predicated upon your waiver of any right to sue Polaris, our agents, members, managers, officers, directors and employees directly or to participate in a suit for any losses or damages resulting from your use of this website.

Notwithstanding the foregoing, nothing contained in preceding paragraphs or elsewhere in this Agreement shall constitute a waiver by you of any of your legal rights under applicable U.S. federal securities laws or any other laws whose applicability is not permitted to be contractually waived.

TERMINATION

Polaris may terminate your access to this website for any reason, without prior notice. The Agreement shall survive any termination or expiration of your access to the website.

GOVERNING LAW

The laws of the Commonwealth of Massachusetts, without regard to its principles of conflict of laws, will govern this Agreement (including any disputes concerning or related to this Agreement). You hereby expressly agree to submit to the exclusive personal jurisdiction of the federal and state courts sitting in Boston, Massachusetts for the purpose of resolving any dispute relating to your access to or use of the website. You agree to bring any claim solely in your individual capacity and you expressly waive any right to bring any claim as part of a group or as a class action.

SEVERABILITY

If any provision of the Agreement is deemed unlawful, void, or for any reason unenforceable, than that provision will be deemed severable from the Agreement and will not affect the validity and enforceability of the remaining provisions. The Agreement constitutes the entire agreement and understanding between you and Polaris, and supersedes any prior agreement and understandings with respect to your access to or use of the website.