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§ Private Profile · Hillerødgade 30A, 1 2200 Copenhagen
Lun is a technology company.
Lundin Mining Corporation is a diversified Canadian base metals mining company. It operates and develops mineral properties across the Americas and Europe, focusing on the production of essential commodities including copper, zinc, and nickel. The company employs modern extraction and processing techniques to efficiently bring these critical materials to market.
Founded in 1994 by the esteemed Adolf H. Lundin, the company emerged from the larger Lundin Group, a prominent entity in natural resource development. Mr. Lundin's strategic vision was to establish a robust mining enterprise concentrating on key base metals, driven by a commitment to identifying and developing valuable mineral assets.
Lundin Mining supplies various global industrial sectors with foundational raw materials. The company's vision is centered on sustainable and responsible resource extraction, aiming to meet ongoing global demand for essential metals. It strives to create long-term value through operational excellence and the strategic expansion of its diverse portfolio.
Lun has raised $11.0M across 1 funding round.
Lun has raised $11.0M in total across 1 funding round.
Lun has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Seed in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2023 | $11M Seed | — | Breega, Draper Esprit, Foundamental, Lowercarbon Capital, NCT Ventures, Norrsken VC, Redalpine Venture Partners, Seaya Ventures, Anne Wojcicki, Jose Ojeda, SAM Altman, MCJ Collective, Partech | Announced |
Lun refers to multiple entities in the tech space, but the most prominent technology company matching the query is the Danish climate tech startup Lun, founded in 2022 to accelerate home decarbonization through software for heat pump installers.[2][3] It builds a platform that automates installer workflows—including sales assessments, design, planning, documentation, and payments—using public data, satellite imagery, and OEM specs to match homes with optimal heat pumps, reducing administrative time from over 10 hours per job.[2][3] Serving heat pump installers and homeowners in Europe (starting in Denmark), Lun solves inefficiencies in a low-digitalization industry strained by rising demand post-Ukraine energy crisis, enabling faster retrofits, lower costs for homeowners, and higher earnings for tradespeople; it recently raised a €10.3M seed round led by Norrsken VC, with participation from Lowercarbon Capital, Partech, and Foundamental, showing strong growth momentum via an alpha release and European expansion plans.[2][3]
Other "Lun" entities include Lun Company (lun.sa), a Saudi-based ecosystem for entrepreneurs and investors offering startup studio, angel investing via NUMU Angels, AI/R&D, software development, tech recruitment, and media hub services to foster innovation in AI and data analysis.[1] Separately, LUN Partners is an Asia-based investment firm (not a product-building company) focused on FinTech, AI, and digital tech, providing hands-on support like M&A advisory.[4][5]
The Danish Lun climate tech startup was co-founded in late March 2022 by Martin Collignon (CEO) and Anders Valentin in Copenhagen, shortly after Russia's invasion of Ukraine spiked Europe's energy crisis and urgency to shift from gas heating.[2][3] Collignon, with prior entrepreneurial experience, and Valentin—ex-consultant at QVARTZ (later Bain & Company) and founder of AI-insurance app Undo—pivoted to climate after spotting installer pain points like inefficient site visits and paperwork; early traction came from alpha testing in Denmark, validating demand amid heat pump booms.[2][3] Investors praise the duo's "A+" execution and founder-market fit in decarbonization.[3]
Lun Company (Saudi Arabia) lacks detailed founding info but positions itself as a collaborative hub combining competencies for AI/data innovation, with components like Lun Startup Studio and NUMU Angels suggesting evolution from idea validation to full venture building.[1]
Lun rides the electrification and heat pump surge in Europe's green transition, amplified by geopolitical energy shocks and net-zero mandates, where installers face exploding inquiries but analog bottlenecks limit scale.[2][3] Timing is ideal: post-Ukraine gas curbs and subsidies (e.g., Denmark's heat pump incentives) create tailwinds, with market forces like OEM data openness and satellite tech enabling software disruption in a fragmented, low-digitized sector.[2] By streamlining retrofits, Lun influences the ecosystem—lowering homeowner costs, accelerating decarbonization (heat pumps cut emissions 70-90% vs. gas), and supporting policy goals like EU's REPowerEU; it sets a model for climate SaaS in trades, potentially expanding to other electrification (e.g., EV chargers).[3]
Lun's seed funding and alpha traction position it to dominate European heat pump software, scaling installer partners continent-wide while adding features like full-stack electrification tools amid tightening climate regs and AI-driven efficiency trends.[3] Expect influence growth via VC networks, influencing installer standards and broader home retrofits as heat pumps hit mass adoption (projected 30M+ EU installs by 2030). This returns to Lun's "cozy" ethos—delivering warm homes without carbon guilt—poised as essential infrastructure in the decarbonization stack.[2][3]
Lun has raised $11.0M in total across 1 funding round.
Lun's investors include Breega, Draper Esprit, Foundamental, Lowercarbon Capital, NCT Ventures, Norrsken VC, Redalpine Venture Partners, Seaya Ventures, Anne Wojcicki, Jose Ojeda, Sam Altman, MCJ Collective.