We would like to ask for your consent with regard to

• the use of cookies

• the transfer of the data gathered by cookies to the USA

1. The Use of Cookies

We, Umdasch Group Ventures GmbH and Umdasch Group NewCon GmbH, use cookies and third-party applications. This enables us to ensure the optimum performance of our website, particularly

• to continuously improve the functionality of our website (necessary cookies) or

• to tailor the advertisements that you see on certain platforms to the user’s specific needs (marketing cookies).

Further information about the cookies we use can be found in our Privacy Policy.

We also offer you the option to choose which cookies you allow (advanced cookie settings).

2. Data transfer to the USA

Some of our partners have subsidiaries in the USA. We transfer your personal data to these partners in the USA either manually or via an interface.

Please note that with the ruling of July 16, 2020 (Court of Justice of the European Union C-311/18, Schrems II Ruling), the adequacy decision that permitted the transfer of personal data to the USA was repealed.

This means that the USA, as a third country, does not provide an adequate level of data protection.

The specific risk to you as a user is that if your personal data is transferred to the USA, it may be accessed by the US authorities for control and monitoring purposes and you have very few effective and enforceable rights to object to this access.

The personal data that we transfer to the USA consists primarily of IP addresses (internet protocol addresses).

We work with the following service providers, depending on the application:

• Google LLC Analytics & Tag Manager

• Google LLC Recaptcha

• Vimeo LLC

• YouTube LLC

We require your consent to allow us to pass on your personal data to these service providers.

You are able to withdraw your consent at any time and with immediate effect via the Cookie Settings page of our website.