Primary Role
Founder @ LundXY
9 Investments in 9 Companies
April 3, 1972

Person Details


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.

Advisory Roles (1)

  • itembase
    The Online Inventory for Everyone and Everything
    Oct 24, 2013 - Invested in $3.3M Seed Round with 4 others
  • Glaxstar
    Glaxstar is a software company focused on building professional Firefox add-ons.
    May 16, 2008 - Invested in $3M Series A
  • Muzui
    online casual gaming network
    May 1, 2008 - Invested in Angel Round
  • LiveStub
    Ticket Seller Portal
    Jan 1, 2008 - Invested in Angel Round
  • Zecco
    Zecco Trading is an online stock brokerage and investing company that offers low cost stock trades and low cost options trades.
    Nov 1, 2007 - Invested in $25M Series B with 4 others
  • Noovo
    Noovo is a social entertainment startup providing a solution that enables its users to aggregate, share and discover content on the web.
    Oct 1, 2007 - Invested in €300k Angel Round with 3 others
  • Wamba
    Wamba is a social dating network that enables users to meet, chat and interact with new people online.
    Sep 1, 2007 - Invested in €3M Angel Round
  • Trivop
    Trivop is an online hotel review portal claiming to be the first videoguide for hotels. In essence, allows consumers to start
    Jun 1, 2007 - Invested in Angel Round with 6 others