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Calm/Storm Ventures is a boutique venture capital firm founded in Vienna, Austria, dedicated to supporting purpose-driven founders in the HealthTech sector. Established with a mission to improve life, health, and well-being, the firm has gained recognition as the most active HealthTech investor in Europe since 2020. Calm/Storm Ventures operates with a fund size of $32 million and has built a diverse portfolio of over 75 companies, focusing on early-stage investments.
The firm emphasizes a dual model that combines venture capital with an exclusive founder network, fostering a community-driven approach to support its portfolio companies. This model not only enhances deal flow but also provides startups with access to a robust network of over 300 partners, including limited partners (LPs) and venture partners (VPs). Calm/Storm Ventures is committed to addressing various health challenges, from fertility to mental health, creating both impact and financial returns.
Calm/Storm Ventures specializes in early-stage investments within the HealthTech sector, targeting both B2B and B2C startups. The firm invests in a range of stages, including pre-seed, seed, seed-plus, Series A, and Series A-plus, with check sizes ranging from $100,000 to $300,000. Their investment strategy is particularly focused on digital health, well-being, prevention, and care, reflecting a commitment to addressing sensitive health topics that have historically been overlooked.
Key areas of interest include mental health, sexual health, and reproductive health, where Calm/Storm Ventures sees significant market opportunities. The firm actively seeks out startups that tackle these sensitive issues, aiming to create impactful solutions while achieving financial returns. Their approach not only supports innovative health solutions but also aligns with their mission to destigmatize discussions around health topics that are often considered taboo.
Calm/Storm Ventures boasts a prominent portfolio of over 75 HealthTech companies, showcasing a diverse range of innovative solutions. Notable portfolio companies include:
This diverse portfolio reflects Calm/Storm Ventures' commitment to addressing various health challenges and creating impactful solutions in the HealthTech space.
Lucanus Polagnoli: Founding Partner with extensive experience in venture capital and a focus on HealthTech investments.
Stephanie Urbanski: Managing Partner, known for her expertise in early-stage funding and portfolio management.
Johannes Blaschke: Partner with a background in technology investments and a keen interest in digital health.
Ekaterina Gianelli: Venture Partner, specializing in strategic partnerships and market entry for startups.
Paul Varga: Venture Partner with a strong track record in scaling health-focused companies.
Philippa Allen: Investment Manager, responsible for sourcing and evaluating new investment opportunities.
Patricia Falagan de la Sierra: Analyst with a focus on market research and portfolio analysis.
Tobias Neveling: Head of Finance, overseeing financial operations and fund management.
Giulia Mazzolini: Investor Relations, managing communications with investors and stakeholders.
Nina Kasmaei-Gatzmaga: Founders Associate, supporting portfolio companies in their growth journeys.
To pitch to Calm/Storm Ventures, founders should visit their pitch submission page at calmstorm.vc/pitch. The firm prefers pitches that include a clear overview of the startup's mission, market opportunity, and how it addresses sensitive health topics. Founders are encouraged to submit their pitch even if their deck is not finalized, as Calm/Storm Ventures values early engagement with potential portfolio companies.
Response times may vary, but the firm is known for its active engagement with the startup community, indicating a commitment to reviewing submissions promptly.
In March 2026, Calm/Storm Ventures launched Fund II, raising €30 million and already investing in 25 companies. This fund further solidifies their position as Europe's most active HealthTech VC, as reported by Sifted and Financial Times.
The firm continues to engage with the startup community through events like StormDays 2026, which highlights their commitment to fostering collaboration among over 300 partners, including LPs and VPs.
What are Calm/Storm Ventures' investment criteria?
Calm/Storm Ventures focuses on early-stage HealthTech companies that address sensitive health topics, including mental health, sexual health, and reproductive health. They invest in both B2B and B2C startups, with check sizes ranging from $100,000 to $300,000.
How can founders apply or pitch to Calm/Storm Ventures?
Founders can submit their pitch through the Calm/Storm Ventures website at calmstorm.vc/pitch. The firm encourages early-stage founders to apply even if their pitch deck is not finalized.
What makes Calm/Storm Ventures different from other investors?
Calm/Storm Ventures is recognized as the most active HealthTech investor in Europe since 2020. Their dual model combines venture capital with an exclusive founder network, providing portfolio companies with access to a community of over 300 partners, including LPs and VPs.
What is the geographic scope of Calm/Storm Ventures?
Calm/Storm Ventures operates with a global perspective while being based in Europe. This allows them to explore diverse investment opportunities across various markets.
What is the firm's approach to post-investment involvement?
Calm/Storm Ventures actively supports its portfolio companies through their exclusive founder network, fostering collaboration and deal flow. This community-driven approach ensures that startups benefit from shared resources and expertise.
What is the fund size and how many companies have they invested in?
Calm/Storm Ventures has a fund size of $32 million and has invested in over 75 HealthTech companies, demonstrating their commitment to building a diverse and impactful portfolio.
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