Morten Lund presented at Bits & Pretzels - The Founders Festival on Sep 25, 2016  

Overview

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Primary Role
Founder @
Investments
12 Investments in 12 Companies
Born:
April 3, 1972
Gender:
Male
Location:
Copenhagen
Website:
http://www.lundxy.com
Social:

Person Details

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Morten Lund is a serial entrepreneur based in Copenhagen, Denmark. He has founded or co-invested in more than 100 high-tech startups in the last 15 years. These include Skype, ZYB, Polar Rose (facial recognition), Bullguard, Tradeshift, AirHelp and itembase.

Lund was declared bankrupt in January 2009 from the aftermath of his stalled free newspaper venture Nyhedsavisen. He announced he was out of bankruptcy in April 2010 and started to rebuild. He has spoken multiple times on failing. With his experiences of never having to look at price tags to riding the subway to events and having his possessions taken away.

Since bankruptcy, Lund has had a particular interest in Financial Tech companies. His most notable venture being Tradeshift and later Capital Aid. After seeing first hand the effects of the economic downturn, Lund sees finance as an industry ripe for disruption.

Tradeshift's most recent round raised $75 million from Scentan Ventures in February 2014. Lund stays composed and grounded to his startup roots. He works tirelessly on the onlyXO network of companies. His portfolio has an interesting blend of finance, consumer protection, commerce and social companies. The exciting fundXO venture which aims to bring finance to the startup ecosystem is launching soon.

Lund creates a synergy amongst his portfolio with partnerships appearing between companies such as Tradeshift and Capital Aid. Some of the onlyXO companies came into existence through solving a particular pain point Lund felt as an investor. pitchXO is one of these companies which gave Lund the answer to what happens to his PDF documents after he sends them through email.

Jobs (8)

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Current

Chairman of the Board

Co-Founder

Founder

Founder

Co-Founder

Past
Started
Ended
Title
Company
Unknown
Unknown
Co-Founder
Jul, 2009
Nov, 2011
CEO

Board & Advisor Roles (7)

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DateInvested InRoundDetails
Sep, 2016undisclosed amount / UndisclosedPersonal Investment
Oct, 2013$3.25M / Series APersonal Investment
Apr, 2010undisclosed amount / AngelPersonal Investment
May, 2008$3M / Series APersonal Investment
May, 2008undisclosed amount / AngelPersonal Investment
Jan, 2008$15M / VenturePersonal Investment
Jan, 2008undisclosed amount / AngelPersonal Investment
Nov, 2007$25M / Series BPersonal Investment
Oct, 2007€300k / AngelPersonal Investment
Sep, 2007€3M / AngelPersonal Investment
Jun, 2007undisclosed amount / AngelPersonal Investment
Jan, 2005undisclosed amount / AngelPersonal Investment

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