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.
Board & Advisor Roles (7)Update
|Sep, 2016||Ocast||undisclosed amount / Undisclosed||Personal Investment|
|Oct, 2013||itembase||$3.25M / Series A||Personal Investment|
|Apr, 2010||Tradeshift||undisclosed amount / Angel||Personal Investment|
|May, 2008||Glaxstar||$3M / Series A||Personal Investment|
|May, 2008||Muzui||undisclosed amount / Angel||Personal Investment|
|Jan, 2008||United Mobile||$15M / Venture||Personal Investment|
|Jan, 2008||LiveStub||undisclosed amount / Angel||Personal Investment|
|Nov, 2007||Zecco||$25M / Series B||Personal Investment|
|Oct, 2007||Noovo||€300k / Angel||Personal Investment|
|Sep, 2007||Wamba||€3M / Angel||Personal Investment|
|Jun, 2007||Trivop||undisclosed amount / Angel||Personal Investment|
|Jan, 2005||ZYB||undisclosed amount / Angel||Personal Investment|
|Jun 27, 2016||TNooz - Well-funded business tech firm Tradeshift eyes travel, launches virtual assistant|
|Feb 6, 2016||FinSMEs - Lars Seier Christensen Launches Seier Capital|
|Nov 3, 2015||Startup Ticker (Switzerland) - Morten Lund, Marcel Salathé: Swiss start-ups lagging behind|
|Oct 14, 2015||Tech Moran - Unreasonable East Africa 2016 Class Open for Applications|
|Sep 16, 2015||e27 News - Thailand's Roomfilla brings home-sharing logistics to Asia|
|Apr 30, 2015||Tech City News - UK’s most successful entrepreneurs back Conservatives|
|Nov 26, 2014||Venture Beat - Six hot startups in cool Copenhagen|
|Oct 21, 2014||TechCrunch - Morten Lund Looks Back At His Past Failures|