Sweden's two AI billionaires are on a wild ride with Lovable

Lovable, the Stockholm-based AI company, has gone from a website builder to a platform for running businesses in two years. Investors have queued up to back it, pushing its valuation to 87 billion Danish kroner. The story is a profile by journalists Henrik Ek and Joey Abrait of Dagens Industri, first published on 8 October and republished by its Danish sister outlet Dagbladet Børsen.

The two founders, Anton Osika and Fabian Hedin, are described as Sweden's two AI billionaires. They told Dagens Industri, "We have enough money," a sign that funding is not a constraint for the company right now.

Lovable is headquartered on Regeringsgatan in central Stockholm, in the building next to Spotify's offices.

The piece also explains the tech-industry term "build in public." It describes a newer phenomenon in which tech founders share their successes early and continuously while building a company, not least the financial ones.

The text available here is only the introduction and framing of the profile. It gives no detail on Lovable's revenue, funding rounds, investors or product, so those points are not covered. What it does establish is the scale of the valuation, the speed of the company's rise, and the founders' stance that they are well funded.