Berlin-based fintech startup Lemon.markets has secured €12 million in additional funding to expand its Brokerage-as-a-Service platform. The investment round was led by CommerzVentures, with participation from Heliad and existing investors such as Creandum, Lakestar, Lightspeed, and System.one.
Lemon.markets, founded by Max Linden, provides digital brokerage and custody infrastructure, enabling companies to offer investment products. With this latest funding, the company has now raised a total of €28 million. The fresh capital will support platform expansion, new partnerships, and product development, with a goal to open 100 million brokerage accounts.
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Support from Leading Investors
Jonas Wenke of CommerzVentures expressed enthusiasm for the investment: “At CommerzVentures, we love partnering with the most talented teams solving complex financial services problems. Lemon.markets ticks both boxes.” He praised Max Linden’s leadership and the company’s vision to become Europe’s largest and most modern brokerage and custody platform.
Expanding Team and Market Presence
Max Linden, founder and CEO of Lemon.markets, highlighted the strategic alignment with CommerzVentures: “We share a common vision for developing Lemon.markets into one of the most influential players in the industry. With this funding, we will accelerate our market momentum, bringing more partners and products to life.”
Recent Milestones and Partnerships
Lemon.markets secured BaFin licenses in early 2024, allowing it to operate as an investment firm offering services such as contract broking, investment advice, portfolio management, and custody services. The company has onboarded partners and expanded its platform, launching its product with the financial education app Beatvest in collaboration with Deutsche Bank, BNP Paribas, and Tradegate. This partnership marked Lemon.markets’ first entry into the wealth management vertical.
Another significant partnership was with sustainable banking provider Tomorrow, which involved migrating Tomorrow’s securities offering from Solaris SE to Lemon.markets. Additionally, Lemon.markets is expanding its services by introducing mutual funds as a financial instrument in cooperation with Allfunds, a leading fund marketplace.
Investor Profiles
CommerzVentures, founded in 2014, is a specialized fintech investor managing €550 million in assets. It focuses on early and growth-stage companies in fintech, insurtech, and climate fintech, particularly in Europe, Israel, the US, and Africa.
Creandum, established in 2003, is a pan-European early-stage VC firm with a portfolio of over 150 companies, including Spotify, Klarna, and Depop. Its advisory teams in Stockholm, London, Berlin, and San Francisco support portfolio companies from seed to exit.
With this significant investment, the fintech is poised to further enhance its platform, expand its team, and solidify its position as a leader in the European brokerage and custody services market.
