# Morten Lund

> Morten Lund is a angel investor at Linkfire (Copenhagen) backing Internet and Travel. See 11 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Linkfire](https://shizune.co/investors/profile/linkfire)
- Location: Copenhagen, Denmark
- Total investments: 11
- Last investment: Jun 2017
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/mortenlund
- X (Twitter): http://twitter.com/ml

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 freenewspaper 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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Angel | $329k–$3.3M |
| Series A | $3M–$3.3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Internet | 4 | 36% |
| Travel | 2 | 18% |
| Software | 2 | 18% |
| E-Commerce | 2 | 18% |
| B2B | 1 | 9% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 6 | 55% |
| Series A | 2 | 18% |
| Seed | 1 | 9% |
| Series B | 1 | 9% |
| Funding Round | 1 | 9% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 27% |
| France | 1 | 9% |
| Sweden | 1 | 9% |
| Switzerland | 1 | 9% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Valuer | Valuer.ai is the company behind PUMA, a domain-specific AI model for Investment and Technology Research. Enterprises and Academia use the model in Europe, the US, and Asia. |  | Angel | Jun 23, 2017 |  |
| Ocast | Ocast is an innovative SaaS platform that provides media publishers with an easy to edit, real-time compatible, digital media kit, and advertising page. For advertisers, the platform is a crystal ball to potential business all in one place. Ocast is also available for influencers, influencer networks, media agencies, and PR agencies. Thecompany's goal is to deliver quality technology to the advertising and media industry that have never seen before, an open and dynamic media information platform. It works with global leading brands such as eBay Classifieds, Discovery, Bauer Media Sweden, IDG, and Spotify for Brands.Ocast was founded on 2016 and is headquartered in Stockholm, Sweden. |  | Seed | Sep 06, 2016 |  |
| Itembase | Itembase is an e-commerce API integration platform. It is a marketplace that connects e-commerce shops with solution providers. It allows solution providers to offer services on multiple shop systems by solely integrating with itembase. Today, already more than 120,000 e-commerce shops get access to the best solutions tailored to the needs.Itembase was founded on 2011 and is headquartered in San Francisco, California. | $3.3M | Series A | Oct 24, 2013 |  |
| Glaxstar | Glaxstar is a software company focuses on building professional Firefox Add-ons. | $3M | Series A | May 16, 2008 |  |
| Muzui | Muzui is an online casual gaming network where players can challenge each other and play against eachother either online or on the mobile phone. Users can sign in using their FaceBook or MSN ID, or just register at MuZui. MuZui has had over 7 mio downloads during their beta, and have secured funding from top web 2.0 innovator Morten Lund (seedinvestor in Skype and co-founder of Zyb). The company was founded by three brothes from Denmark, who worked for three years without funding working full-time out of their apartment. |  | Angel | May 01, 2008 |  |
| LiveStub | LiveStub provides a platform for free and easy direct contact between buyers and sellers in the market. |  | Angel | Jan 01, 2008 |  |
| United Mobile | United Mobile allows travelers to use their cell phones and make calls at low prices (without roaming fees) while traveling abroad. The company operates a global cell network and sells United Mobile SIM cards that enable a user's cell phone to make calls on United Mobile's network. As a low-cost calling option for internationaltravelers, United Mobile offers an alternative to | $15M |  | Jan 01, 2008 |  |
| Zecco | Zecco is an online stock brokerage that provides its clients with stock, options, and forex trading services. The company was founded in 2006 with the idea to democratize investing by reducing the friction of transaction costs and giving every investor the opportunity and tools for potential success. Its service portfolio is comprised of low coststock and options trades, low commission rates, and provision of a comprehensive set of free stock trading tools. | $25M | Series B | Nov 01, 2007 |  |
| Noovo | Noovo is the simplest way to aggregate, share and discover great content on the web. | $329K | Angel | Oct 01, 2007 |  |
| Wamba | We are the first freemium social networking site Our Global Project was launched in 2003 under the name of Wamba. We were the first freemium social networking site, formed by an ambitious team with excellent prospects for the future. We rapidly became the first social network in various countries, with thousands of affiliations and partnerships.Since then, we have gained over 22 million registered users and currently have more than 12 million active users worldwide. Our short-term goal is to expand our successful concept of social dating in the western European countries, with the objective of providing a safe and entertaining site where users can chat, meet new people and even find romance. | $3.3M | Angel | Sep 01, 2007 |  |

10 of 11 investments shown.

## Co-investors
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Born2Grow](https://shizune.co/investors/profile/born2grow) — VC Fund, 1 deal together
- [Grazia Equity](https://shizune.co/investors/profile/grazia-equity) — VC Fund, 1 deal together
- [HR Ventures](https://shizune.co/investors/profile/hr-ventures) — VC Fund, 1 deal together
- [Mountain Partners](https://shizune.co/investors/profile/mountain-partners) — VC Fund, 1 deal together
- [Rheingau Founders](https://shizune.co/investors/profile/rheingau-founders) — VC Fund, 1 deal together

## About Linkfire

VC Fund · Copenhagen, Denmark

We’re a passionate team of music techies on a mission to make music consumption easier for fans, labels and artists. The music industry is transforming constantly, the market is fragmented and split across many different platforms and services. Physical sales are going down. Streaming is gaining momentum. The transformation will continue and theyears to come will be very interesting. We want to contribute to the transformation by bringing music and fans closer. Not inside music services, but outside where fans and artists engage. Our approach is to index digital music across music services and provide smart links that route fans directly to the music regardless of their location or which player or platform they use. It’s complex. We make it simple.

5 contacts available at Linkfire.

| Name | Title | Profile |
| --- | --- | --- |
| Anders Nygaard | Ad Ops Lead (EMEA) | https://shizune.co/investors/profile/anders-nygaard |
| Andrea Arcari | Chief Business Development Officer | https://shizune.co/investors/profile/andrea-arcari |
| Andy Dyrcz | Head of Cyber Security & Compliance | https://shizune.co/investors/profile/andy-dyrcz |
| Halgir Winther Nagata | Product Manager | https://shizune.co/investors/profile/halgir-winther-nagata |
| Jannik Jepsen | CTO | https://shizune.co/investors/profile/jannik-jepsen |

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## FAQ

### What does Morten Lund invest in?

Morten Lund invests primarily in Internet, Travel and Software startups, most often at Angel and Series A stage. Most of the 11 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Morten Lund's check size?

Morten Lund typically joins rounds of $329k–$3.3M at Angel and $3M–$3.3M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Morten Lund participates in.

### When did Morten Lund last invest?

The most recent investment recorded for Morten Lund closed in Jun 2017. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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