
Pawel Maj, Investment Director, Warsaw Equity Group, discusses post-seed and pre-series A funding in Eastern and Central Europe in the context of his firm’s investment thesis.
Sramana Mitra: Tell us about what’s up in Poland. You are in a semi-warzone. What’s happening with the startup ecosystem?
Pawel Maj: The war is in another country, but we had a huge wave of immigrants coming from Ukraine. We already admitted almost five million immigrants. These are difficult times. It’s great to see the Polish population come together to help the neighbors.
>>>Sramana Mitra: What year are we in now?
Deepak Gaddipati: 2012. In 2013, we licensed some of the technologies we developed and started Virtusense. The single objective when I started was to prevent falls. I was very passionate about it. I really wanted to figure out a solution. We didn’t have a solution, but we had a lot of ideas and technology on how to do it.
Sramana Mitra: You didn’t really have an idea of what market you were going after. Are we talking B2C?
>>>Tae Hea Nahm, Managing Director and Co-founder at Storm Ventures, emphasizes and articulates his firm’s specific interest in investing in vertical cloud startups.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | TuneIn | RSS

Entrepreneurs are invited to the 587th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 25, 2022, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
In case you missed it, you can listen to the recording of this roundtable here:


During this week’s roundtable, we had as our guest Tae Hea Nahm, Managing Director and Co-founder at Storm Ventures, who emphasized and articulated his firm’s specific interest in investing in vertical cloud startups.
You can listen to the recording of this roundtable here:


Deepak has built a capital-efficient fall-detection company from Peoria, Illinois with a backend engineering team in Rawalpindi, Pakistan.
It’s an impressive entrepreneurial journey with a mission-driven company that is making real impact in the lives of seniors with fall risk.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>Sramana Mitra: Talk about financing. Before the pivot, you raised $3 million. What happens after the pivot?
Felix Ohswald: We raised $600 million in all.
Sramana Mitra: What was the next round immediately after the pivot?
Felix Ohswald: We pivoted in 2019. We had 12 months where we tested out a couple of things. At the beginning of 2020, we raised our Series A round of €8 million from a VC firm in New York and London. With that money, we pushed in our international expansion.
>>>