Maveron Deposits $8 Million Into Mobile Wallet Company Lemon

Palo Alto, Calif.-based Lemon has raised $8 million in a first round of capital to pay for the launch of its new smartphone wallet. Maveron led the round, with Draper Fisher Jurvetson and The Social+Capital Partnership also participating. The app allows users to take a photo of all of their cards in their wallet, so they can be retrieved later, using a four-digit code. The wallet also organizes receipts, so people can manage their finances. The company was founded in part by Wences Casares in 2011.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik