Tellef Thorleifsson

Associated Companies

FuseTools, Auka, Kahoot, Distribusion


Tellef co-founded Northzone in 1996.  His primary areas of focus are fintech, infrastructure and SaaS.  His portfolio includes Kahoot, Fusetools, Auka, and Distribusion. Tellef has over the years also invested in, Mamut Software and Trolltech.


Tellef co-ordinates the activities in Northzone’s offices, as well as being active with Northzone’s new investments and portfolio companies. He was instrumental in the foundation of the Norwegian Venture Capital Association and acted as its first Chairman. He has also served as Director of both EVCA and the Swedish Venture Capital Associations.

Prior to Northzone, Tellef took part in the founding of Western Bulk Shipping, a truly global company, which he then took public as a CFO. Before this, he held the position as company secretary of another shipping and investment company – I.M. Skaugen. He has also worked as a political advisor, a background that might come in very handy in the task of coordinating his strong-willed and inventive colleagues within Northzone.

Outside Northzone, Tellef is your everyday Norwegian open airs man, enjoying skiing, trekking and sailing. He is also a great singer. Tellef holds a M.Sc. in Business Administration from the Norwegian School of Economics and a M.Sc. (Econ) from London School of Economics (1988).

Tellef is also a co-founder and active board member of The Voxtra Foundation which is making targeted investments and grants in developing countries.

Article by Tellef Thorleifsson