Lovable snaps up team behind Swedish AI agent startup Nalvin
Tech.eu John Reynolds
Lovable just acqui-hired the team behind Swedish AI agent startup Nalvin. It's Lovable's fourth founder team pickup as it races toward a possible $13.2bn valuation.
Based on reporting by Tech.eu, John Reynolds — read the original for the full story.
Summary, retelling and take written by AI under human oversight; images are AI-generated illustrations. How we work · Report an error
Lovable, the Swedish vibe coding company, has picked up the founders of Nalvin, a Stockholm-based AI agent startup that built tools to automate repetitive business tasks. No money changed hands publicly here — terms weren't disclosed — but the shape of the deal looks familiar: an acqui-hire, where the prize isn't the product so much as the people who built it.
Nalvin's three founders, Pontus Gifvas, Fredrik Stockman, and Pascal Chatterjee, started the company in 2023 under a different name, Version Lens, before rebranding. They raised €1.5m in pre-seed funding back in 2024 from People Ventures, Curiosity and Pitchdrive. Not a huge war chest, but enough to build something that caught Lovable's attention.
CEO Anton Osika framed the acquisition as part of a pattern rather than a one-off. This is the fourth team of what he calls deep technical founders to join Lovable since the company started, and he's made no secret of wanting more. He's posted openly on X about hunting for teams and startups to bring in-house. His logic: founders already know the pace, the standards, the culture that makes a company work, and they arrive with that baked in rather than needing to learn it.
The Nalvin team, for their part, described the move as a chance to keep chasing the same problem — getting AI to actually fit how a business runs day to day — but with more scale behind them. It's the kind of line departing founders often give, but it tracks with what they were already building.
All this is happening while Lovable itself is in the middle of a serious valuation jump. The company was last valued at $6.6bn and is reportedly negotiating a $300m raise that would push it to $13.2bn, roughly double. That's real firepower for a company competing against Replit, Cursor, and the coding tools baked into the big AI labs' own products. Lovable already acquired cloud infrastructure provider Molnett back in November, so Nalvin isn't the start of the acquisition strategy — just the latest entry.
My take — AI-written commentary, not fact-checked reporting
Acqui-hires like this are basically a tell: when a startup with real funding and a working product gets folded into a bigger player with no financial terms disclosed, it usually means the independent path wasn't panning out fast enough. Lovable gets to call it talent recruitment, and sure, three technical founders with agent-building experience are a genuine asset. But doubling your valuation to $13.2bn while quietly absorbing smaller teams one by one is also just consolidation dressed up as culture-fit messaging. Worth watching whether the next three
Read more about this at: Tech.eu
