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Fund profile / Austria

Calm/Storm Ventures Fund II

Geography
Austria
Stage
Pre-Seed
Fund size
€27M
Focus
Digital Health, FemTech and Wellness & Lifestyle
Signals
Published
Share
N°01 / About

About Calm/Storm Ventures Fund II

Fund with €27M base plus €3M co-investment vehicle

N°02 / Thesis

Investment Focus

Location / RegionAustria
Funding StagePre-Seed
Industry Focus
Digital Health
FemTech
Wellness & Lifestyle

Investor Signals Profile

active

Sweet Spot

European HealthTech or Austrian founder at pre-seed/seed seeking high-touch lead investor

HealthTech
pre-seed/seed
Austrian founders
digital therapeutics
pan-European
AI diagnostics
robotics in healthcare
hospital software
clinical adoption
community-driven
preventive medicine
health data integration
predictive health
genomics
hospital operations AI
AI agents healthcare

Bullish Signals

Fund II closed at €27M with strategic HealthTech LPs like SwissHealth and Bertelsmannblog
Doubling AUM to €50M signals strong LP confidence and scaling capacityblog
Proven exits: Kaleido AI acquired by Canva, Storyblok in portfolioblog
Portfolio co SquareMind raised $18M Series Alinkedin
Backed SquareMind pre-seed — strong follow-on signallinkedin
Active in robotics + AI diagnostics thesislinkedin
Portfolio founder Sven Jungmann (aiomics) discussing hospital software ROIlinkedin
Actively engaging digital health ecosystem — hospital adoption insightslinkedin
Selma Prodanovic board member — 30+ years angel/ecosystem credibilityexternal
EBAN + Austrian Angel Investors backing strengthens founder network reachexternal
Aeon acquisition of Aware Health + €12M seed extension validates preventive health thesisCalm/Storm social
Fund backing multimodal health data platforms — imaging, genetics, biomarkers integrationCalm/Storm social
Portfolio company Aeon shifting healthcare from diagnostic to predictive modelCalm/Storm social
Health Force raised €4.2M seed led by LUMO Labs — fund co-investedCalm/Storm social
Health Force: AI agents automating hospital operational workflows — pragmatic problem-solvingCalm/Storm social
LP issued pre-seed term sheet same day after workshop — conviction velocity highCalm/Storm social
Health Force shows commercial traction + team healthcare domain expertise — fund thesis validatedCalm/Storm social

Contrarian Signals

Only 2 tracks: HealthTech or Austrian founders — very narrow scopeblog
75% Europe-focus limits non-European founder accessblog

Founder Do's

Show clear HealthTech angle — preventive medicine, diagnostics, digital therapeutics, mental health, or hospital ops
Demonstrate European HQ and global ambition simultaneously
Highlight Austrian roots if applicable — home market track is active
Be ready for a lead investor dynamic with €500k average ticket
Leverage LP network for healthcare distribution and partnership stories
Prove hospital software ROI — financial impact > time savings alone
Focus on clinician-led adoption over IT-department top-down approach
Tap Calm/Storm community — ecosystem integration opens doors
Build preventive/predictive health platforms combining multimodal data (imaging, genetics, biomarkers)
Demonstrate pragmatic, operationally-focused solutions solving real hospital workflows

Founder Don'ts

Avoid pitching outside HealthTech or Austrian Entrepreneurs tracks
Don't approach without early product traction — fund targets pre-seed to seed execution stage
Avoid purely local-market plays with no European or global scalability

34 signals on Calm/Storm Ventures Fund II

17 bullish · 2 contrarian · 10 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€27M
Saves0
Website
LinkedIn
People

Key People

Lucanus Polagnoli, Stephanie Urbanski, Hansi Hansmann

Lucanus PolagnoliGeneral Partner
Selma ProdanovicSupporting Partner / Board Member
Backers

Known LPs

Bertelsmann InvestmentsCorporate / Strategic
Natural X Health VenturesCorporate / Strategic
Raiffeisen-Landesbank SteiermarkBank
+1 more LP in LP Radar
N°04 / See also

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