Lemonade Stand

Lemonade Stand specializes in identifying promising early-stage software ventures across the Baltic region and Eastern European markets. With a keen eye for technological innovation and scalable business models, the firm has established itself as a significant player in an often overlooked but rapidly developing tech ecosystem. Their investment approach combines local market expertise with global industry insights, allowing them to recognize potential unicorns before they appear on larger investors' radars.

The investment team brings extensive experience in software development, entrepreneurship, and venture capital, having navigated both the technical and business challenges that early-stage companies typically face. This hands-on background enables meaningful strategic guidance beyond mere financial support, helping portfolio companies refine their product-market fit and establish sustainable growth trajectories. Their network spans across Estonia, Latvia, Lithuania, Poland, Ukraine, and other emerging tech hubs in the region.

While maintaining a broad interest in software innovations, the firm has developed particular expertise in SaaS platforms, enterprise solutions, fintech applications, and developer tools. Their portfolio reflects a balance between B2B and B2C ventures, with a preference for companies demonstrating clear product differentiation and international growth potential. Typically engaging at seed and Series A stages, Lemonade Stand provides investments ranging from €200,000 to €2 million, often participating in follow-on rounds for their most promising portfolio companies.

Beyond capital injection, portfolio companies benefit from extensive regional connections and market entry support across Eastern European territories. The firm has built a reputation for patience and partnership, understanding that building significant software companies in emerging markets often requires longer runways and localized strategies. Their track record includes several successful exits to both regional and global acquirers, establishing them as a trusted partner for founders looking to build substantial software businesses from Eastern European foundations while accessing international markets.