Career
Lund was declared bankrupt in January 2009 in the aftermath of stalled free newspaper venture Nyhedsavisen, but he announced that he was out of bankruptcy in April 2010. He has since spoken at length to international media about his personal struggle to battle through the business cycle and re-establish his reputation. Lund was born in Roskilde, Denmark and grew up in Jersie.
He studied economics at Odense University, but left in order to concentrate on running his businesses.
Lund has invested in a wide range of industry sectors spanning the internet, telecommunications, health and alternative energy. This became one of Denmark"s top three agencies before its eventual sale to advertising giant Leo Burnett in 1999.
His most notable investment was Skype, the free VoIP service bought by eBay for $2.6 billion in 2005. From 2007 he has also fronted the startup catalyst LundXY. In May 2008 Lund sold the Danish site ZYB to operator Vodafone Europe BV, for a sum believed to be in the region of $49m.
More recently, it emerged that online payments service PayPal had acquired a stake in Tradeshift for around €12 to €15 million.
In late February 2014, Tradeshift received a further $75m from Singapore’s Scentan Ventures, which the company said it would use to expand its business in Japan and China, where many of its customers have suppliers.