# Metallica

Metallica is a Private Equity based in Stockholm, Sweden.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** metallica.vc
- **LinkedIn:** https://www.linkedin.com/company/metallica

## Regulatory record

- **Reports private funds:** No

## About

ABCC Metallica have an efficient integrated modern factory to supply excellent quality Card Clothing and Felting Needles. Our Technical team gives expert advice on applications for best results & prompt after sales service.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- ClimateTech
- Industrial Tech

## People

- Johan Lundberg — Founding Partner

## Questions

### Why did Johan Lundberg leave Northzone to start Metallica?

Lundberg spent roughly twelve years at Northzone, where he had a front-row seat to the European venture ecosystem's shift toward larger funds and later-stage investing. He founded Metallica to return to concentrated pre-seed and seed-stage check-writing, arguing that the earliest-stage Nordic technical founders were underserved by the growing fund sizes of multi-stage competitors.

### Does Metallica participate in follow-on rounds?

Yes. The firm reserves capital for follow-on investments through its fund vehicles and has historically participated in subsequent rounds for portfolio companies, including developer-observability platform Grafana Labs, which has grown into a multi-billion-dollar valuation company since Metallica's initial involvement.

### Which sectors does Metallica explicitly avoid?

The firm has consistently avoided consumer-tech, hardware, and life-sciences investments. Lundberg's public commentary and the portfolio composition indicate a deliberate exclusion of capital-intensive deep-tech sectors and anything outside B2B software.

### Who runs investment decisions at Metallica?

Johan Lundberg, the founding partner, anchors the investment committee and is the primary decision-maker on new commitments. The firm operates a lean structure without a large partnership, which centralizes deal approval and portfolio management under Lundberg's direction.

## Related profiles

- [Meta Change Capital](https://altss.com/profile/meta-change-capital)
- [Metatron Global](https://altss.com/profile/metatron-global)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/metallica

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology