diff --git a/README.md b/README.md
index 6918dc16..53c8aa1b 100644
--- a/README.md
+++ b/README.md
@@ -74,4 +74,4 @@ The pyjelly library is licensed under the [Apache 2.0 license](https://www.apach
 
 ----
 
-The development of the Jelly protocol, its implementations, and supporting tooling was co-funded by the European Union. **[More details](https://w3id.org/jelly/dev/licensing/projects)**.
+The development of the Jelly protocol, its implementations, and supporting tooling was funded by commercial sponsors and the European Union. **[More details](https://w3id.org/jelly/dev/licensing/projects)**.
diff --git a/docs/index.md b/docs/index.md
index 09726ff5..194047f8 100644
--- a/docs/index.md
+++ b/docs/index.md
@@ -44,6 +44,6 @@ The pyjelly library is licensed under the [Apache 2.0 license](https://github.co
 
 ----
 
-The development of the Jelly protocol, its implementations, and supporting tooling was co-funded by the European Union. **[More details]({{ proto_link( 'licensing/projects' ) }})**.
+The development of the Jelly protocol, its implementations, and supporting tooling was funded by commercial sponsors and the European Union. **[More details]({{ proto_link( 'licensing/projects' ) }})**.
 
 ![European Funds for Smart Economy, Republic of Poland, Co-funded by the European Union](assets/featured/feng_rp_eu.png)
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