Berlin-based brokerage-as-a-service platform lemon.markets has successfully raised €12 million in a funding round led by CommerzVentures.
Heliad and existing investors, including Creandum, Lakestar, Lightspeed, and System.one, participated in this round, bringing the total funding to €28 million. Lemon.markets offers digital brokerage and custody infrastructure, allowing any company to provide investment products.
Earlier this year, the company obtained a license as an investment firm from the German regulator BaFin, enabling services such as contract broking, investment advice, financial portfolio management, financial commission business, proprietary trading, and custody operations.
In March, the startup launched in partnership with Deutsche Bank, BNP Paribas, and Tradegate. Additionally, financial education app beatvest became a customer to facilitate ETF investments for its B2C clients.
The new funding will help lemon.markets introduce more partners and products, while also aiming to expand across Europe in 2025, with a goal of opening 100 million brokerage accounts.
Jonas Wenke from CommerzVentures stated, “At CommerzVentures, we love partnering with the most talented teams that are solving financial services’ most complex problems. Lemon.markets certainly ticks both boxes.”