Lovable founders Anton Osika and Fabian Hedin reportedly sold some of their personal shares during the Swedish AI company's latest financing. Breakit reported the secondary sales, which Shifter covered. The transactions concern existing shares held by the founders, so the sale proceeds went to them rather than to Lovable.
The sales took place alongside an August financing that valued the company at a reported $13.3 billion. Stockholm-based Lovable develops a tool that lets users create software by writing instructions in natural language. Osika and Hedin founded the company in 2023.
Shifter notes that founder secondary transactions have become more common in European growth rounds. Breakit reported substantial proceeds for each Lovable founder, but the companies involved have not publicly detailed the individual share-sale terms. The founders' personal liquidity is distinct from Lovable's operating revenue.
