Privacy
Last updated: 5 June 2026
The Carry ("we", "us", "our") is a free editorial newsletter published from the United Kingdom. This page explains what personal data we collect when you subscribe, answer our survey, or visit thecarry.co.uk, why we collect it, who we share it with, and the rights you have under UK GDPR and the Data Protection Act 2018.
The short version: we collect your email so we can send you the newsletter. We don't sell it, we don't rent it, and we don't pass it to advertisers. You can leave in one click, any time.
The data controller is [your name or registered entity], based in the United Kingdom. For anything to do with your data, email editor@thecarry.co.uk.
When you subscribe, we collect:
If you choose to answer our subscriber survey, we also collect the answers you give - for example the kind of investing you do, your region, the sectors you follow, and (only if you enter them) your name and LinkedIn. Every question is optional.
We keep our own copy of your subscription and survey answers, stored on Cloudflare, so the record is ours and not held solely by our email provider. We then sync the relevant details to Beehiiv so it can send you the newsletter.
When you visit the website, our host (Cloudflare) keeps standard server logs (IP address, browser type, the page requested, and a timestamp) for security and to keep the site running.
If you accept it in the cookie notice, we use Google Analytics to measure how the site is used: pages viewed, rough location (country and region, not your street address), device type, and which site you came from. It only runs, and only sets cookies, after you accept. Decline and it stays off. We don't run advertising trackers or device fingerprinting.
After you subscribe, we may invite you to answer a short, optional survey. You don't have to answer any of it, and you can stop at any point. We use what you tell us only to understand our readership and improve the newsletter. We never use your survey answers to give you, or anyone else, investment advice, and we don't share them with funds, advertisers, or anyone outside the processors listed below.
We keep your email address and survey answers for as long as you stay subscribed, and afterwards until you ask us to delete them. When you unsubscribe you stop receiving the newsletter, and we keep a minimal record so we don't accidentally email you again. You can ask us to erase your data at any time and we will (see "Your rights" below). Server logs kept by our host are short-lived and rotated out automatically.
We share your data only with the suppliers who help us run the newsletter, and only so they can do that job:
These are data processors acting on our instructions under Art. 28 UK GDPR. We do not sell, rent, or trade your data, and we don't run referral schemes that hand your email to third parties. We'll only ever disclose data beyond this if the law requires it.
Our own copy of your data is stored by Cloudflare in the European Union (Western Europe region), so that copy stays inside the UK/EU.
Beehiiv (our email provider) and Google (analytics, only if you accept) are based in the United States, so data sent to them is transferred outside the UK. Where that happens, the transfer is protected by the UK International Data Transfer Agreement (or the EU Standard Contractual Clauses with the UK Addendum), so your data keeps an equivalent level of legal protection. [Confirm the exact transfer mechanism Beehiiv uses before launch.]
We set no cookies by default. The first time you
visit, a short notice asks whether you'll allow Google Analytics. If
you accept, Google Analytics sets its own cookies
(named _ga and similar) to measure how the site is
used. If you decline, no analytics cookies are set.
You can change your mind at any time by clearing your browser
storage, which brings the notice back.
Separately, we keep two small items in your browser's local storage, which are not cookies: your progress through the subscriber survey, so you don't lose your answers if the page reloads (this clears after about 24 hours); and, if you subscribe, your email address, stored only so we can attach your survey answers to your subscription. Neither is ever sent to an ad network, and you can clear both at any time through your browser.
If you click a link in one of our emails, our email provider may set its own cookie to record that click - see their privacy policy for the detail.
The only email we send is The Carry itself: one editorial issue a week, plus a welcome message when you join. No sales emails, no sponsored blasts between issues. Every email carries a one-click unsubscribe link, and you can opt out at any time with no questions asked.
Data is held with reputable providers who encrypt it in transit and at rest, and access is limited to the people who run the publication. No system is perfectly secure, but we keep what we collect to the minimum and review who can reach it.
Under UK GDPR you have the right to:
To exercise any of these, email editor@thecarry.co.uk. We'll respond within one month.
The Carry is an editorial publication. It is not an investment adviser and is not authorised or regulated by the Financial Conduct Authority (FCA). Nothing we publish - on this website, in the newsletter, or anywhere else - is investment advice, a personal recommendation, or an offer or invitation to buy, sell, or subscribe for any investment.
What you read is general information and editorial opinion about the UK early-stage market. It doesn't take account of your circumstances and isn't a substitute for advice from a qualified, FCA-authorised adviser. Early-stage investing carries a high risk of losing all the money you put in. Any decision about your capital is yours alone, and we'd always suggest taking proper advice before you commit it.
The Carry is written for an adult, professional audience and isn't directed at anyone under 18. We don't knowingly collect data from children.
If anything material changes, we'll update the "Last updated" date at the top of this page, and we'll flag significant changes in an issue of the newsletter.
Questions about your data, or this policy? Email editor@thecarry.co.uk.