Kvanted Oy

December 2024

1. PURPOSE

The purpose of this Kvanted Code of Conduct (“the Code”) is to outline the key principles of ethical behavior

expected from Kvanted employees and team members. This may include members of the Kvanted Board,

investment committee, venture partners, advisors, mentors, entrepreneurs, investors and other business

stakeholders. The Code includes Kvanted's standards of integrity and promotes just and equitable

principles. It also provides a framework for addressing and resolving lapses in professional conduct. Cases

of non-compliance are handled by the Kvanted Board of Directors.

2. SCOPE

Each Kvanted employee is personally responsible and accountable for adhering to the Code. Managers

should model the importance of compliance through their own actions and provide guidance on

interpreting the Code, as relevant. Compliance with the Code is expected in all relevant contexts related to

Kvanted and representing Kvanted, including, for example, office work, business trips, work events, social

outings, social media, email and other communications. Kvanted provides guidance on the Code to new

team members, as relevant.

3. KVANTED VALUES

The Code is based on Kvanted's core values, which are:

Cutting-edge – Our job is to take risks in a way that is bold and smart at the same time.

Grounded – We meet every founder with an open mind. Our job is to encourage – to create a safe

ground for taking risks, innovating and growing.

Resolute - We do not fall in love easily. We talk to true believers and reluctant skeptics, and have a

clear, honest conversation before taking resolute action.

4. PRINCIPLES OF PROFESSIONAL STANDARDS

Kvanted's principles on professional standards should drive all decision-making, actions, and

responsibilities, as follows:

i. Act with integrity

ii. Disclose conflicts of interest

iii. Act with fairness

iv. Maintain confidentiality

v. Do no harm to the ecosystem

5. UNACCEPTABLE BEHAVIOUR

Kvanted promotes fair treatment and an inclusive working environment for everyone. We respect one

another and value the diversity of those around us by treating everyone equally. We foster a diverse, inclusive,

healthy, and safe workplace. To support this, the Code outlines unacceptable behaviors to help ensure equal

treatment for all members of the Kvanted community. Any breaches of these principles should be addressed

without delay. Unacceptable behaviors include, but are not limited to:

i. Discrimination

Any form of discrimination, comments, or slurs based on gender, age, sexual orientation, race, religious faith,

marital status, pregnancy, gender identity or expression, disability, political affiliation, national or ethnic origin,

or any other protected characteristic.

ii. Harassment

Any actions that violate a person's dignity or involve degrading, humiliating, or offensive behavior, including

unwelcome touching or flirting, bullying, sexually suggestive comments, or other insulting remarks.

iii. Other unacceptable behavior

Intentionally acting in a way that contradicts the spirit or the intent of the Code.

6. COMPLIANCE WITH LAWS AND INDUSTRY STANDARDS

Kvanted and its employees operate in compliance with applicable laws and regulations set by relevant

authorities in countries where we do business. We are committed to upholding and promoting industry

standards through our active participation in relevant industry associations.

7. CONFLICT OF INTEREST

While we strive to avoid conflicts of interest, they may occasionally arise in business operations. In such

situations, we ensure full disclosure to the relevant parties, including Kvanted management. Kvanted

employees and team members are prohibited from engaging in external activities that could compromise

their ability to perform their duties or undermine trust and confidence in Kvanted.

8. PRIVACY AND DATA SECURITY

We handle personal data in compliance with applicable data protection laws and regulations, and are

committed to managing high standards in data management and cybersecurity. Read more about our

Privacy Policy here.

9. ANTI-BRIBERY AND ANTI-CORRUPTION

Kvanted prohibits bribery and corruption in any form.

10. MONITORING AND REVIEW

The Code and the process for addressing any misconduct should be regularly reviewed by Kvanted’s

management and Board of Directors, as relevant.

11. WHISTLEBLOWING

Kvanted fosters an open and transparent culture where employees are encouraged to voice concerns to

their manager or any relevant person within the organization. Accordingly, Kvanted has a whistleblowing

channel that enables confidential and anonymous reporting of suspected misconduct. The channel is

accessible via the company website. Both employees and external stakeholders may report violations or

suspected breaches of laws, the Code, or internal policies. Retaliation against anyone who reports a

concern is strictly prohibited. All reports are treated confidentially and undergo thorough review and

remediation, as relevant. You can find the Kvanted Whistleblowing Channel here.

12. REPORTING AND RELEVANT CONTACTS

Any concerns or breaches of the Code should be reported immediately to Kvanted’s management or the

contacts listed below. All reported incidents will be thoroughly reviewed, and the reporting individual will be

kept informed throughout the process. Cases are evaluated individually, and follow-up actions are

determined on a case-by-case basis, which may include no action, a verbal or written warning,

reassignment of responsibilities, termination, or actions involving third parties, as may be relevant.

Maria Wasastjerna, Managing Partner

maria@kvanted.com

Jenni Suhonen, Finance and Operations Manager

jenni@kvanted.com

Kvanted Fund I Ky 4

Bulevardi 2-4 A

00120 Helsinki

www.kvanted.com