Lemonade Stand is a Tallinn-based venture capital firm that focuses on early-stage technology startups in the Baltic and Eastern European regions. They primarily invest in B2B companies, with ticket sizes ranging from €50,000 to €300,000, and are open to pre-seed and seed-stage investments, even in pre-revenue or pre-product phases.
33% of their portfolio is in Fintech. Their most common stage is seed (67% of deals). Average disclosed round size is $2.0M (across 6 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
Top Co-Investors
Passion Capital2 shared
Startup Wise Guys1 shared
Notion Capital1 shared
Speedinvest1 shared
Triple Point Ventures1 shared
Conviction Partners1 shared
Calm/Storm1 shared
Tiny VC1 shared
EQT Foundation1 shared
Last updated: 8 March 2026