LundXY Global Ventures is an

angel investment An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...

and startup catalyst headquartered in

Copenhagen Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan ar ...

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark ...

, founded by serial entrepreneur Morten Lund in 2007. By 2013, parts of the operation had been superseded by Lund's new OnlyXO network.

Activity

The firm was founded in 2007, managing a

portfolio Portfolio may refer to: Objects * Portfolio (briefcase), a type of briefcase Collections * Portfolio (finance), a collection of assets held by an institution or a private individual * Artist's portfolio, a sample of an artist's work or a ...

of companies in the fields of web and mobile

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

, content and

media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass el ...

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

and

clean technology Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...

. It backed

Nikolaj Nyholm Nikolaj Nyholm (born 13 September 1975) is a Danish serial technology entrepreneur and investor from Copenhagen, Denmark. He has founded four technology startups that have pioneered different domains, is an advisor to Minecraft creator Mojang, wa ...

's startup Imity (acquired by social networking site ZYB for an undisclosed sum in 2008, and his 2008 startup Polar Rose. It also backed Aresa, a landmine detection startup. After field-testing in

Serbia Serbia (, ; Serbian language, Serbian: , , ), officially the Republic of Serbia (Serbian language, Serbian: , , ), is a landlocked country in Southeast Europe, Southeastern and Central Europe, situated at the crossroads of the Pannonian Bas ...

failed to produce the desired results, Aresa was shut down. LundXY acquired the free daily newspaper,

Nyhedsavisen ''Nyhedsavisen'' was a Danish free daily newspaper based on a new concept of distributing a free newspaper to 500,000 Danish homes that became the most read in the country within 18 month of launch. It was owned by investment and advisory catalyst ...

from the Icelandic investment firm

Baugur Group Baugur Group (; Icelandic language, Icelandic: ) was an Icelandic investment company. The group began as a supermarket and general retail company in Iceland, before diversifying to own a number of businesses at its peak, primarily in the United Ki ...

The paper was in its time the most widely read newspaper in Denmark with a circulation of 550,000. The firm's stated goal was to transform the nature of printed

press Press may refer to: Media * Print media or news media, commonly called "the press" * Printing press, commonly called "the press" * Press (newspaper), a list of newspapers * Press TV, an Iranian television network People * Press (surname), a fam ...

by merging offline

distribution Distribution may refer to: Mathematics *Distribution (mathematics), generalized functions used to formulate solutions of partial differential equations * Probability distribution, the probability of a particular value or value range of a vari ...

with an attractive online presence. Despite this, finances continued to be an issue and the paper closed in August 2008. LundXY's

investment vehicle An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

'WILD,' for Worldwide Investment and Involvement in Life Development, included firms like AquaDania with its system for

water purification Water purification is the process of removing undesirable chemicals, biological contaminants, suspended solids, and gases from water. The goal is to produce water that is fit for specific purposes. Most water is purified and disinfected for hu ...

and Aresa A/S, a company that used genetically modified

plants Plants are predominantly Photosynthesis, photosynthetic eukaryotes of the Kingdom (biology), kingdom Plantae. Historically, the plant kingdom encompassed all living things that were not animals, and included algae and fungi; however, all curr ...

to detect

landmines A land mine is an explosive device concealed under or on the ground and designed to destroy or disable enemy targets, ranging from combatants to vehicles and tanks, as they pass over or near it. Such a device is typically detonated automati ...

. Morten Lund was declared bankrupt in January 2009 in the aftermath of the failure of ''Nyhedsavisen'', but he announced that he was out of bankruptcy in April 2010. LundXY was out of the spotlight during the term of Lund's personal bankruptcy, though he continues to have a blog on that site.

Portfolio

Other companies that have appeared in the LundXY portfolio: * HelloGroup, an advertising agency in

Scandinavia Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, ...

* Zecco.com, free online stock trading. *

Maxthon Maxthon (, formerly named ''MyIE2'') is a freeware web browser, created by JeffChen in Singapore. It is available for Windows, macOS, Linux, and as ''Maxthon Mobile'' for Android, iOS, and Windows Phone 8. Since version 6 Maxthon is based on Chr ...

, the most popular web browser in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

* Polar Rose, facial recognition software *Bullguard antivirus softwareBullguard list of awards given
, Bullguard website *Wamba, the social movement

References

External links

Nyhedsavisen Official WebsiteSkype Official WebsiteClinton Global Initiative Official Website

{{Venture capital firms Venture capital firms of Denmark Companies based in Copenhagen