Privacy policy.

General terms of use of the website TS Ventures

The website is owned and managed by the company TS Ventures d.o.o. Beograd (hereinafter: TS Ventures). Documents, data and information published on the website cannot be forwarded or used in any manner for commercial purposes without the explicit consent of the TS Ventures or in any manner that can cause damage to the TS Ventures or any third party. Documents, data and information published on this website can be used only for individual needs of the website visitor (hereinafter: User) complying with all copyright and proprietary rights and the rights of third parties. 

By using the content of this website, the User accepts: 

  • All risks arising from the use of the website 
  • To use the content of the website exclusively for own, non-profitable and non-commercial needs. TS Ventures fully waives any liability that can arise in any manner or is related in any manner to the use of this website, as well as any damage that can be incurred by the User or any third party pertaining to the use of the content of the website

The website contains information on services of the TS Ventures Fund and links to other websites created by third parties which will be marked as such whenever possible. The TS Ventures Fund does not supervise the said information or other websites and fully waives any liability for the accuracy and availability of the content on websites created by third parties. 

The website uses the so-called cookies. General terms of use of the website TS Ventures provide clear and relevant information on cookies that are used and reasons for their use. Cookies are a set of data generated by the website, which are placed on the User’s disk by a web browser in the form of a small text file. 

Session cookies, small files, are placed on the User’s computer or mobile device through websites that are visited or certain messages received via e-mail. Their use is widespread so that websites could function properly and so that their owner could receive business and marketing information. 

Cookies contain a text string, which contains browser information. For work, the cookie does not have to recognize where the User is from, it should just establish the User’s web browser type. Some cookies used by the TS Ventures store personal information of the User. However, such information is stored only if the User has published or entered it himself/herself on the website, namely exclusively for the purpose of obtaining necessary information for easier functioning and use of the website 

Cookies are used for technical reasons to enable efficient operation of the
website, i.e.: 

  • to maintain balance of website traffic, and in order for users to receive coherent and reliable services; 
  • to limit the traffic to the key parts of the website and to maintain the levels of work efficiency; 
  • to ensure User’s connection with the relevant service on the website, when the manner of website operation is being changed; 
  • to direct the User to specific applications of some service or to specific servers; 
  • to gain insight into how visitors use the website and how the website can be improved in terms of its usability. 

Cookies are used so that the User could use the website more easily: 

  • they store information entered by the User in the order forms when navigating through various pages during a web browser session; 
  • they store goods and services ordered when the purchase confirmation page is reached; 
  • they store login identification on the website; 
  • they store applied settings, such as the appearance, font size, preferences and colours; 
  • they display logins on the website. 

Cookies are stored on a devices used for accessing the website www.tsv.find which remembers this setting for the next visit. A cookie stops being valid after a certain time (and in any case within a period of 13 months). The User has the option to delete cookies through the web browser settings. All additional information on the deletion or blocking of cookies are found on the following link 

Internet browsers enable changes of settings related to cookies. Settings are most often found in the menu “Options” or “Preferences”. The links below can be helpful if the User wishes to understand settings better: 

On the website, the TS Ventures also uses cookies for targeting related to the services provided by third parties, such as the option “Share on social media”. 

All of these cookies are managed by third parties, and any additional privacy information is available on the websites of those third parties. By using the website, the User accepts the use of cookies for targeting. The TS Ventures will not be responsible for any loss of functionality and/or quality of content of the website if the user chooses regulation for receiving cookies. 

More information on the manner of regulation/exclusion from this type of cookies is found on the link:

Other than this, the website monitors statistical visits exclusively for obtaining necessary information using Google Analytics, analytical web service provided by the Google Inc. corporation (hereinafter: “Google”). 

Google Analytics uses cookies, text files placed on the User’s computer as an assistance when analysing the manner in which users use the website, and Google uses the provided information for assessing the website use by the User, for preparing reports on website activities and internet use. Google will not relate the User’s IP address to any other data owned by Google. 

Additional information on the cookies of Google Analytics is found on the Google pages related to providing assistance, and the privacy policy: Google Privacy Policy
and Google Analytics Help. Google has developed an additional browser program for JavaScript Google Analytics by which it is turned off (ga.js, analytics.js, dc.js). If the User wishes to be excluded from Google Analytics, the User must download and install an additional program for its web browser. Additional information is available on the following link.

The TS Ventures undertakes to respect anonymity and privacy of the User of the website The TS Ventures collects personal data of the User only if such data is voluntarily submitted to the TS Ventures by the User, when filling in the contact form. The TS Ventures will use the said data exclusively for performing its obligations related to the services and devices for using the services ordered via the website or its legal obligations, collection of receivables, development of its services and prevention of potential abuse. The TS Ventures assumes the obligation to store all data on the Users in accordance with the applicable regulations and to enable its availability exclusively to employees who need that data for performing work. All employees of the TS Ventures who come into contact with the Users’ data when performing work are responsible for complying with the privacy principle. The TS Ventures is entitled, in the event of a request of a state authority, institution or competent regulatory authority, to make the User’s data available to those authorities, institutions and regulatory authorities in accordance with the applicable regulations. 

By using the website, it is deemed that the User is familiar with and agrees with these General Terms, including personal data processing provisions and cookie options. 

In line with its business policy or amendments of positive regulations, the TS Ventures reserves the right to make changes to the General Terms of Use of the website of the TS Ventures, about which it will notify the Users in the usual manner. 

Privacy of users of the TS Ventures portal 

The TS Ventures undertakes to respect anonymity and privacy of users of all portals and applications for which it is exclusively responsible. This relates to public portals and applications and to internal applications used for business and realization of services of the user, with the note that the TS Ventures does not have control over or responsibility for storing and processing personal data left by the users on the websites of third parties.

The TS Ventures may collect user’s personal data, such as name and last name, telephone number (including mobile phone), email address of location (IP address), only if the user submits them voluntarily or makes it available.

The collected data will be used for preparing and informing the user on offers (the user

reserves the right to inform the TS Ventures if they do not want to receive such data, after which the TS Ventures will no longer do so), submitting complaints and sending answers to user’s inquiries, within the period necessary for achieving the purpose.

Personal data is processed to the extent necessary to fulfil the purpose of processing, and it is stored as long as necessary for achieving the said purpose, except when the law obliges the TS Ventures to still store that data. The User is aware of the fact the TS Ventures can be asked to disclose personal data upon request of state authorities, based on the law.

The TS Ventures has applied technical and organizational security measures in accordance with which it guarantees data security and it will not allow any accidental or unlawful destruction, accidental loss, misuse, prohibited disclosure or access or any other form of unlawful processing.

If the User believes that its data collected by the TS Ventures has been misused, the User should contact the TS Ventures communication channels intended for user contact. Since access to portals is in question here, it is proposed to only make official info email addresses available for contact (

All relevant information on respecting anonymity and privacy of users of the website www.tsv-fund, and all relevant information pertaining to the use of so-called cookies and reason for their use are contained in the General Terms of Use of the website TS Ventures. 

This document will be applied starting from 1st of September 2021.