LundXY

Infobox Company
name = LundXY - Global Ventures

type = Private Company
genre =
foundation =
founder = Morten Lund
location_city = Copenhagen
location_country = Denmark
location =
locations = Hong Kong, London, Singapore, San Francisco
area_served =
key_people = Morten Lund (CEO), Anya Maxwell (Partner), Rasmus Boegh (Partner)
industry = Venture capital
products =
services =
revenue =
operating_income =
net_income =
assets =
equity =
owner =
num_employees =
parent =
divisions =
subsid =
homepage = www.lundxy.com
footnotes =
intl =

LundXY - Global Ventures is an angel investment and startup catalyst headquartered in Copenhagen, Denmark, founded by serial entrepreneur Morten Lund in 2007. Lund is best known as the seed investor behind Skype [ [http://venturebeat.com/2007/11/14/zecco-raises-25m-to-beat-crowd-on-zero-dollar-trading/ VentureBeat on Morten Lund and early Skype] , November, 2007] , sold to online auction company eBay for $2.6bn in December 2005 [ [http://business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article565689.ece eBay buys Skype for £2.2bn] , The Times, September, 2005] , and latterly ZYB, the Danish social networking site sold to Vodafone Europe BV for $49m in June 2008. [ [http://www.vodafone.com/start/media_relations.html Vodafone announces ZYB acquisition on its website] , May, 2008]

Activity

The firm manages a portfolio of companies encompassing web and mobile telecommunications, content and media, financial services and clean technology [ [http://www.reuters.com/article/hotStocksNews/idUSL2155345120080121/Lund-invests-in-clean-energy/ Reuters on Lund's move into clean energy] January, 2008] .

LundXY was a backer of the 2008 World Economic Forum Technology Pioneer of the Year Nikolaj Hyholm and his startup Polar Rose [ [http://www.weforum.org/en/Communities/Technology%20Pioneers/SelectedTechPioneers/index.htm World Economic Forum Announces Technology Pioneers 2008] , February, 2008] , as well as Imity (acquired by social networking site ZYB for an undisclosed sum in April of that year) [ [http://www.techcrunch.com/2008/04/22/confirmed-zyb-bought-imity/ TechCrunch confirms ZYB's acquisition of Imity] , April, 2008] . Aresa A/S, WEF Technology Pioneer of the Year 2007, has also secured financial backing from LundXY.

LundXY is part of the Digital Life Design Community DLD and Lund, the architect and ideologist behind the company, was ranked as one of the most influential people in the tech industry [ [http://www.dld-conference.com/upload/dld_survey_2008.pdf DLD 2008 survey names tech industry's most influential] , 2008] . The viewing figures for Lund's blog put it ahead of local newspapers in Denmark, with more than 40,000 monthly readers.

LundXY owned the now defunct free daily newspaper, Nyhedsavisen, in its time the most widely-read newspaper in Denmark. Its stated goal was to transform the nature of printed press by merging the offline distribution with an attractive online presence. [ [http://www.taz.de/1/leben/medien/artikel/1/skype-gruender-kauft-gratis-zeitung/?src=SZ&cHash=317d42e25a Lund interviewed by German business publication Taz.de] , January, 2008] In January 2008, LundXY acquired a 51 per cent majority stake in Dagsbrun Media, which owns Nyhedsavisen, from Baugur Group, the Icelandic investment firm. As part of the deal, Lund XY injected its own working capital into the newspaper. Lund's acquisition came 15 months after the paper's October 2006 launch, and three months after it officially took the position of most read daily newspaper in Denmark, outpacing established paid-for titles and rival free sheets with a circulation of 550,000. Despite this, finances continued to be an issue and the paper eventually closed in August 2008.

Lund is a member of Bill Clinton's Clinton Global Initiative [ [http://photos1.blogger.com/photoInclude/img/35/984/1024/DSC002931.jpgBill Clinton pictured with LundXY's CEO Morten Lund] , May, 2005] , through which LundXY is committing its financial power to development cases around the globe.

Events

Lund represents the Venture Capital firm on events worldwide.Some recent events where he was speaking:

* CGI Clinton Global Initiative, September 26-28th, 2007, New York City [ [http://www.clintonglobalinitiative.org/NETCOMMUNITY/Page.aspx?pid=1391&srcid=1386 CGI on Annual Meeting, 2007] ]
* Digital Life Design Conference, 2008, Munich, Germany [ [http://www.lifepr.de/pressemeldungen/hubert-burda-mediaholding-gmbh-co-kommanditgesellschaft/boxid-28377.html DLD brings technology thinkers to Munich] , January, 2008]
* LeWeb, 2007, Paris, France [ [http://www.leweb3.com/leweb3/programme/index.html LeWeb3 2007, official programme] ]
* 3GSM, 2007, Barcelona, Spain
* ETRE 2007, Budapest
* Red Herring, Cannes, France
* SIME07, Stockholm, Sweden [ [http://www.thomascrampton.com/uncategorized/sime-esther-dyson-on-why-investing-is-sex-and-venture-capital-is-like-raising-children Thomas Crampton blogs at SIME on Lund's profit generating ventures] , 2007]
* Tech Tour, Montreux, Switzerland

'WILD'

LundXY's investment vehicle 'WILD,' or Worldwide Investment and Involvement in Life Development, includes firms like AquaDania with its WaterStillar system for efficient water purification and Aresa A/S, a company that uses genetically modified plants to detect landmines [ [http://www.aresa.dk Aresa website] ] .

As special member of the Clinton Global Initiative Lund aims to use LundXY's global influence and economic clout to realise the founder's vision. On his blog, Lund says he has "an untamed lust to do stuff that makes a difference for the people in this world - especially if I can help to save a child’s life. I want to do it for profit - since thats the only way to attract world class talent." [ [http://lundxy.hostedlabs.com/?page_id=3051 Lund writes about his hopes for WILD on the LundXY blog] , 2007]

Portfolio

Other companies in the LundXY portfolio:

*HelloGroup, the fastest growing advertising agency in Scandinavia
*Zecco, free online stock trading [ [http://gigaom.com/2006/09/21/skype-backer-takes-on-etrade-with-free-trades GigaOM on LundXY's involvement in Zecco] , March, 2008] .
*Maxthon, the most popular web browser in China, with 100m downloads to date
* Polar Rose, award-winning facial recognition software [ [http://www.weforum.org/en/Communities/Technology%20Pioneers/SelectedTechPioneers/index.htm World Economic Forum commends Polar Rose] , 2008]
*Bullguard, award-winning anti-virus software [ [http://www.bullguard.com/news/reviews-and-awards.aspx Bullguard list of awards given] , Bullguard website]
*Wamba, the social movement

References

External links

* [http://www.avisen.dk Nyhedsavisen Official Website]
* [http://www.skype.com Skype Official Website]
* [http://www.clintonglobalinitiative.com Clinton Global Initiative Official Website]
* [http://www.weforum.org/en/Communities/Technology%20Pioneers/SelectedTechPioneers/TechnologyPioneers2007/index.htm World Economic Forum Tech Pioneers]