INVESTOR / DATA TO 30 SEPTEMBER 2026
Lemonade Stand
1 venture round in the first 9 months of 2026, at 1 company in 1 country.
Lemonade Stand is an investor headquartered in Estonia.
Every venture round since January 2024 in which public sources name Lemonade Stand as an investor, in every country our funding reports cover, and the rounds we have seen elsewhere. It is built from the same record as our quarterly funding reports, and updated with them.
At a glance
SHOW DATA
| Row | Pre-seed | Seed | Series A | Growth | Total |
|---|---|---|---|---|---|
| 2024 | 2 | 1 | 0 | 0 | 3 |
| 2025 | 1 | 2 | 0 | 0 | 3 |
| 9M 2026 | 0 | 1 | 0 | 0 | 1 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| NGL | 2 |
| Startup Wise Guys | 2 |
Investors in two or more of the same rounds.
Countries and sectors
A company counts where it is headquartered, or where it started if it later moved abroad.
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| AI | 2 | 1 | 1 |
| Energy and climate | 0 | 2 | 0 |
| Defence and security | 1 | 0 | 1 |
| Hardware and robotics | 1 | 0 | 1 |
| Health and bio | 1 | 0 | 0 |
| Other | 1 | 1 | 0 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. Lemonade Stand led 1 of them. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| Blackswan Space | Lithuania | Sep 2026 | Seed | €2.6m | NGL, Iron Wolf Capital | |
| Esgrid | Estonia | Apr 2025 | Seed | €0.4m | Startup Wise Guys, Greenco Ventures, 2C Ventures, Greenco Ventures | |
| Soldera | Estonia | Feb 2025 | Seed | €2.5m | Lifeline Ventures, Skaala, Taavet Hinrikus | |
| Enzum | Estonia | Jan 2025 | Pre-seed | Undisclosed | Yes | - |
| Ligence | Lithuania | Nov 2024 | Seed | €3.0m | Simpact VC, Coinvest capital, EIC Fund, NGL | |
| Esgrid | Estonia | May 2024 | Pre-seed | €0.5m | Startup Wise Guys, EstBAN, Kair Käsper, Kairi Pauskar, Alvar Lumberg, Little Green Fund | |
| Blackswan Space | Lithuania | Apr 2024 | Pre-seed | €0.8m | Vladas Lašas, Linas Sargautis, BSV Ventures, ScaleWolf |
Exits
Companies Lemonade Stand backed that were sold or listed, or where a new investor bought out the earlier ones. Each links to its announcement.
No exits on record.
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names Lemonade Stand among its investors. Each listed round links to its announcement where one is on record.
- Amounts are the size of the whole round, not the part Lemonade Stand invested. Amounts are in euros, converted at about 1.10 US dollars to the euro.
- Stages follow the funding reports: the label the company announced, placed by size where the label clearly does not fit.
- Rounds that were never announced, or that do not name their investors, are not here, so the list is a floor.
Countries our record covers: Poland, Estonia, Lithuania, Latvia, Czechia, Slovakia, Romania, Ukraine, Hungary, Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, North Macedonia, Albania, Montenegro, Kosovo, Moldova, Finland (from 2026), Sweden (from 2026), Norway (from 2026), Denmark (from 2026), Iceland (from 2026). Rounds elsewhere are listed when public sources name Lemonade Stand.
The whole market, country by country: startup funding reports. Next update: January 2027.
Raising pre-seed or seed
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