Activity
The firm manages a portfolio of companies encompassing web and mobile telecommunications, content and media, financial services and clean technology.
LundXY was a backer of the 2008 World Economic Forum Technology Pioneer of the Year Nikolaj Nyholm and his startup Polar Rose, as well as Nyholm's previous start-up Imity (acquired by social networking site ZYB for an undisclosed sum in April of that year). 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. 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. 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, through which LundXY is committing its financial power to development cases around the globe.
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