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Calm/Storm Ventures Fund II

Austria
Pre Seed
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About Calm/Storm Ventures Fund II

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

Investment Focus

Location / RegionAustria
Funding StagePre Seed
Industry Focus
Digital Health
Fem Tech
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

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

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, or mental health
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

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

Key GPs & Partners

LP
Lucanus Polagnoli
General Partner
hands-onex-founderthesis-driven
SP
Selma Prodanovic
Supporting Partner / Board Member
ecosystem builder30+ years experienceangel investor champion

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Fund Overview

Fund Size€27M
Saves0
Website
LinkedIn

Key People

Lucanus Polagnoli, Stephanie Urbanski, Hansi Hansmann

Lucanus PolagnoliGeneral Partner
Selma ProdanovicSupporting Partner / Board Member

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