Lovable snaps up team behind Swedish AI agent startup Nalvin
Tech.eu John Reynolds
Lovable, a Swedish AI coding startup, acquired the team behind Nalvin, an AI agent platform for business automation, in what appears to be an acqui-hire deal. Nalvin had raised €1.5m in pre-seed funding in 2024 and was previously valued at an undisclosed amount. The acquisition marks Lovable's second team acquisition this year as it pursues growth and talent consolidation ahead of a reported $300m funding round that would value the company at $13.2bn.
Why it matters
Swedish vibe coding startup Lovable has acquired the team behind AI agent startup Nalvin, as it looks to drive growth by cherry-picking top founders from startups. Stockholm-based Nalvin is an AI agen...
