# Nalvin (formerly Version Lens)

Aiolum story: https://aiolum.com/story/nalvin/ · added 2026-11-08 · updated 2026-11-08

**In short.** Nalvin (formerly Version Lens) (AI agents for product teams, first an AI ticket writer, Sweden): About US$12K revenue in the 2024 accounts (SEK 129K), 2024. Evidence grade D: reported, not verified. Team: 3 co-founders; 4 employees in the 2024 accounts, as reported by dossaro; 4 people on the About page in October 2025. Launched October 2023; closed later.

AI agents for product teams, first an AI ticket writer · Sweden · AI-native · team of 2 to 10 · closed · group: Documents, data and slides

- Outcome: About US$12K revenue in the 2024 accounts (SEK 129K), 2024 (evidence grade of the headline number: D; headline in US dollars: 12199)
- Launch: October 2023; months from launch to the outcome: 14
- Team: 3 co-founders; 4 employees in the 2024 accounts, as reported by dossaro; 4 people on the About page in October 2025
- Outside funding: €1.5M pre-seed, January 2024, from People Ventures, Curiosity and Pitchdrive
- Main factor: Team
- Meters, 1 to 4: evidence strength 1, copyable pattern 1, capital needed 3
- Tags: AI-native, Small team, Funded, Closed, B2B, Productivity

Links:

- Visit nalvin.com: https://nalvin.com/

**The product.** Software for product teams. The first version, Version Lens, asked follow-up questions about a request from a non-developer and then wrote a complete ticket into the team's project management tool. The later version, Nalvin, ran AI agents that wrote updates, collected customer insights and watched product usage, and in 2026 it offered agents for sales, support and operations too.

**Why it worked.** It is a small Swedish team that raised venture money, sold paid plans for about two years and ended with its three founders joining Lovable, the Swedish AI app-building company. A research firm reported that the 2024 accounts show revenue of SEK 129,000 against a loss of SEK 6.339 million, so in 2024 the business earned a small fraction of its costs. The story shows how a talent deal can be the end of a company that did not find enough customers.

Evidence grades: A = disclosed by a public company, a filing or a payment processor, or verified by one; B = two or more independent reports agree, or a journalist confirmed it; C = a founder claim that no one else verified; D = reported, not verified: one founder claim or a third-party estimate with no second source; E = no revenue figure found, so the headline is a non-money fact and the other facts carry their own grades; calc = computed on this page from graded facts.

## Summary

Version Lens, later renamed Nalvin, was a Stockholm company that sold AI agents to product teams. An AI agent is a program that uses a large language model to do a task in several steps on its own, for example read a conversation, ask questions and then file a ticket, which is a written task in a tool such as Jira that tells developers what to build or fix. The first product turned vague requests from colleagues into complete tickets. The later product wrote stakeholder updates, release notes and customer-insight reports for product managers, the people who decide what a software team builds next.

The company's own blog post of 31 January 2024 names Fredrik Stockman (CEO), Pascal and Pontus as the founders; deal reports name them in full as Pontus Gifvas, Fredrik Stockman and Pascal Chatterjee. The same post reported a pre-seed round of €1.5 million from People Ventures, Curiosity and Pitchdrive. The April 2024 pricing page listed plans at €29 and €49 a month. The research firm dossaro reported on 1 August 2026 that the reviewed 2024 annual accounts show revenue of SEK 129,000, about US$12,199 at the 2024 average exchange rate, a loss of SEK 6.339 million and four employees.

Dossaro also reported that the legal company, Version Lens Sweden AB, entered liquidation, a formal wind-down in which a liquidator sells what is left and pays creditors, on 13 June 2026. About seven weeks later Lovable took on the three founders in what SaaSRise described as a talent-only deal with undisclosed terms. No source says that Lovable bought the company itself, so this story uses the outcome "closed", with the team joining Lovable. The revenue figure rests on one source, so the story has grade D.

## Pricing

Nalvin prices in April 2026, read in an Internet Archive copy of the pricing page (grade C); the business stopped selling in 2026

| Plan | Per month, billed yearly (US$) | Per month, billed monthly (US$) | Limit |
|---|---|---|---|
| Curious |  | 0 | 40 tasks a month, basic models |
| Pro |  | 20 | 200 tasks a month, premium models, product analytics |
| Team |  | 100 | 1,500 tasks a month, background agents, shared memory |
| Business |  | custom | custom integrations and agents, implementation and training |

The page said that Nalvin did not price by seat, and it did not show a yearly price. A task is one unit of work, for example a sprint summary or a set of release notes. In April 2024, under the name Version Lens, the pricing page listed the ticket product at €29 a month (Start-Up, 30 tickets) and €49 a month (Standard, 100 tickets), with a custom Enterprise plan.

## How much revenue did Nalvin (formerly Version Lens) make before it closed? The numbers, graded

A venture-funded Swedish team of three founders whose AI tools for product managers earned SEK 129,000 in 2024 as reported, before the company entered liquidation and the founders joined Lovable

| Fact | Value | Grade | Note | Sources |
|---|---|---|---|---|
| Revenue, financial year 2024 | SEK 129,000 | D | Reported by dossaro on 1 August 2026 from the latest reviewed annual accounts. We could not open the accounts themselves. | [1] |
| Revenue, financial year 2024, in US dollars | about US$12,199, or about US$1,017 a month | calc | Calculated: SEK 129,000 divided by 10.5744 kronor per US dollar, the average of the 251 daily Federal Reserve H.10 rates of 2024, and that divided by 12. | [1, 11] |
| Result, financial year 2024 | a loss of SEK 6.339 million (about US$599,467) | D | Reported by dossaro from the same accounts. Calculated: the loss was about 49 times the revenue; the dollar value uses the same 2024 average rate. | [1, 11] |
| Employees, financial year 2024 | 4 | D | Reported by dossaro from the same accounts. | [1] |
| Founders | Fredrik Stockman (CEO), Pascal Chatterjee and Pontus Gifvas | C | The company's January 2024 blog post names Fredrik as co-founder and CEO and "Frederik,Pascal, and Pontus" as the founders. SaaSRise and dossaro give the full names. | [6, 2, 1] |
| Team, October 2025 | 4 people | C | The About page, "Proud humans behind Nalvin", shows four first names, three of them the founders. | [8] |
| Company incorporated | 7 July 2022, as Version Lens Sweden AB | D | Reported by dossaro from the Swedish company register, organisation number 559388-6657. SaaSRise says Nalvin was founded in 2023. The 2023 site footer says "Version Lens AB"; later footers say "Version Lens Sweden AB". | [1, 2, 5, 8] |
| Earliest readable copy of the site | 11 October 2023 | C | The Internet Archive index lists an earlier capture dated 20 February 2023 that opens the October 2023 copy instead. That copy shows the ticket assistant with "Get started for free" and "Book Demo". | [12, 5] |
| Outside funding | €1.5 million pre-seed, January 2024 | C | The company's blog post of 31 January 2024: led by People Ventures, Curiosity and Pitchdrive. | [6] |
| Prices, April 2024 | €29 and €49 a month, Enterprise custom | C | Version Lens pricing page for the ticket product. A second product, Alerts, was in an early access program. | [7] |
| Prices, April 2026 | free, US$20 and US$100 a month, Business custom | C | Nalvin pricing page: plans by tasks per month, not by seat. | [9] |
| Liquidation decided | 13 June 2026 | D | Reported by dossaro from the Swedish company register, which lists a lawyer as liquidator. | [1] |
| Founders join Lovable | announced 29 to 31 July 2026 | C | Dealroom dates its item 29 July 2026; SaaSRise says Lovable announced it on 31 July 2026. SaaSRise calls it a talent-only acqui-hire with undisclosed terms. | [3, 2] |
| Days from liquidation to the Lovable announcement | 48 | calc | Calculated: 13 June to 31 July 2026. Dossaro gives the same figure. | [1, 2] |

How to read this table: a grade C value is a statement by the company on its own pages, read in Internet Archive copies, or a deal report by a news site. A grade D value rests on one report by the research firm dossaro of the company's filed accounts and register entry, which we could not open. A grade A value is an exchange rate from the US Federal Reserve. A "calc" value was computed on this page.

## When did Nalvin (formerly Version Lens) launch, and how did it grow? Timeline

From a ticket-writing assistant in 2023 to liquidation and a talent deal with Lovable in 2026. Each entry carries its grade.

- **7 July 2022** (grade D [1]): Version Lens Sweden AB is incorporated, according to dossaro's reading of the Swedish register.
- **11 October 2023** (grade C [5, 12]): The earliest readable copy of versionlens.com: an AI assistant that asks follow-up questions about a request and writes "a perfect ticket in your favourite project management system".
- **31 January 2024** (grade C [6]): The company's blog reports a €1.5 million pre-seed round to build "the world's first co-pilot for product managers".
- **16 April 2024** (grade C [7]): The pricing page lists the ticket product at €29 and €49 a month.
- **2024** (grade D [1]): The annual accounts, as reported by dossaro, show revenue of SEK 129,000, a loss of SEK 6.339 million and four employees.
- **October 2025** (grade C [8]): The product is now called Nalvin, "AI Agents for Product Teams"; the About page shows four people.
- **April to May 2026** (grade C [9, 10]): Self-serve plans at US$20 and US$100 a month, and a new home page that sells an agent platform for sales, support and operations, set up by Nalvin's own experts.
- **13 June 2026** (grade D [1]): Liquidation of Version Lens Sweden AB is decided, according to dossaro.
- **29 to 31 July 2026** (grade C [3, 2, 4]): Lovable announces that the three founders join it; deal reports call it a talent deal with undisclosed terms. nalvin.com now reads "Nalvin is joining Lovable".

## Why did Nalvin (formerly Version Lens) work?

### A narrow first task

The first product did one job: it took a request from someone outside the product team, asked the questions a developer would ask, and filed a complete ticket. The 2023 home page promised to "Reduce time spent on clarifying tasks by 90%"; no source checks that figure.

### From one task to a platform

After the funding round the product grew into a set of agents for product managers, priced by tasks per month and not by seat, because the company said Nalvin "works best when used by all functions in a company". In 2026 the home page moved to agents for sales, support and operations, set up by the company's own engineers.

### Revenue far below costs

Dossaro reported that the 2024 accounts show revenue of SEK 129,000 and a loss of SEK 6.339 million, about 49 times the revenue. The pre-seed money paid for the gap. When the company entered liquidation in June 2026, the founders themselves were the part that a buyer wanted.

### The founders as the asset

Dealroom reported that Lovable's chief executive, Anton Osika, said he "really likes these founders". The deal reports describe a talent deal: the people moved to Lovable, while the company stayed in a legal wind-down.

## How it was built

Few build details are public. These come from the company's own pages in Internet Archive copies and are grade C unless noted.

- The 2023 and 2024 Version Lens site was built with Framer, a website builder; the page source names it, and the 2024 blog page title reads "My Framer Site".
- The ticket product connected to the team's project management tool and posted finished tickets there.
- The Nalvin plans named "Basic Models" and "Premium Models" but no model provider. No source names the language model behind the agents.
- The Team plan included "Slack Connect for Support", so customer support ran in shared Slack channels.
- In 2026 the Business plan added custom integrations (files, Salesforce, Teams and Google BigQuery), implementation, training and a dedicated Slack channel with a customer success manager.

Sources: [5, 6, 7, 9, 10]

## Who tried this before Nalvin (formerly Version Lens), and why did they fail?

Four companies in our database of failed startups tried to take routine work off busy professionals with software, before or without today's language models. The values below are from that database and are not independently verified.

The failed startups come from our database of dead startups, retold here in our own words; Its entries are AI-assisted summaries of public sources, so they carry no evidence grade.

### Interstate (2011 to 2014; funding US$120K; cause: Competition)

- Promise: Visual roadmaps that let teams plan and track product work.
- Why it died: Trello and Asana, with more money, took the same customers.
- Record: 

### Answerly (2013 to 2016; funding US$550K; cause: Product/Tech Failure)

- Promise: FAQ chatbots that answer customers so that people handle only the hard support tickets.
- Why it died: Language understanding was too weak at the time, and Zendesk and Intercom already had the customers.
- Record: 

### Zirtual (2011 to 2015; funding US$5.5M; cause: Ran Out of Cash)

- Promise: Remote human assistants who take email and scheduling off busy executives.
- Why it died: It hired many assistants on payroll before revenue could pay them and ran out of cash.
- Record: 

### Solid (2017 to 2025; funding US$81M; cause: Unit Economics)

- Promise: One connection layer between a company's business systems, so that workflows run without custom integration work.
- Why it died: Enterprise integrations were harder than planned; long sales cycles and support costs made each customer unprofitable.
- Record: 

## What changed

The four predecessors tried to take routine work off busy people with either weak software or paid human assistants. Language models changed the first part: Version Lens could ask follow-up questions and write a full ticket in 2023, which an older chatbot like Answerly could not do. The software worked well enough to sell plans from €29 a month, as the company's 2024 pricing page listed.

What did not change is the problem that ended Interstate and Solid: selling to companies is slow, and big tools add the same features. Dossaro reported revenue of SEK 129,000 for 2024 against a loss of SEK 6.339 million. The new part of the ending is the buyer: a fast-growing AI company that wanted experienced founders, so the team found a new employer while the company itself was wound down.

## Can one person copy Nalvin (formerly Version Lens) now?

**Verdict: The first product, yes. The company path, no.**

A tool that turns a vague request into a complete ticket is easy to build today with a language model and a project management API, and one person could sell it. The path this team took, venture money first and a widening platform second, did not produce revenue near its costs.

1. Pick one routine task that one role does every day, such as writing tickets or release notes.
2. Build an agent that asks the missing questions before it writes anything.
3. Post the result into the tool the team already uses, so there is no new system to learn.
4. Charge from the start and check revenue against costs before you widen the product.

**What is still open.** Small agents for one task of one role in tools that teams already use: product, support and sales operations.

## What could go wrong for Nalvin (formerly Version Lens)?

- **What is not verified.** The revenue of SEK 129,000, the loss of SEK 6.339 million and the four employees for 2024 rest on one source: an article by Hagen Hoferichter on dossaro.com of 1 August 2026, which says it read the latest reviewed annual accounts. The incorporation date (7 July 2022) and the liquidation date (13 June 2026) also come from dossaro's reading of the Swedish register. We could not open the accounts or the register entry ourselves, because allabolag.se and proff.se disallow our agent. The 2023 site footer says "Version Lens AB" and later footers say "Version Lens Sweden AB"; we could not check in a register that these are one company. We also do not know whether Lovable bought any code or paid anything. A reader could look for the annual report at Bolagsverket under organisation number 559388-6657, the liquidator's report, and Lovable's own announcement.
- **Why it closed.** Dossaro reported that liquidation of Version Lens Sweden AB was decided on 13 June 2026. Lovable announced on 29 to 31 July 2026 that the three founders were joining it; SaaSRise calls it a "talent-only deal" with undisclosed terms. Dealroom's item says "Lovable has acquired Version Lens", but its text speaks of "folding the startup's three founders into the company". No source says that Lovable bought the legal company, so this story uses the outcome "closed", not "exit". nalvin.com now shows only "Nalvin is joining Lovable" and a thank-you to customers and investors. No source gives a reason for the liquidation; the reported 2024 accounts show a loss about 49 times the revenue.
- **Competition.** ChatPRD, a solo-founder AI assistant for product managers on this site, is still running, and Stilla, a Swedish shared AI agent for teams on this site, was sold, so Nalvin competed with both small and funded tools for the same buyers.
- **Dependence on model providers.** No downloaded source names the language model provider. The April 2026 pricing page sold "Basic Models" on the free plan and "Premium Models" on Pro, and the About page says the founders started building "As soon as the first LLM models came out", so the product depended on models made by other companies.
- **Service work and unnamed customer results in 2026.** The May 2026 home page described "An agent platform" "Combined with a team of experts who set it up, run it and maintain it" and "Embedded engineers who learn your business", next to the self-serve plans on the pricing page. The same page showed results such as "2.2x" more accounts per customer success manager for a "Fintech scale-up" without naming any customer.

## Sources

1. dossaro, 1 August 2026, Hagen Hoferichter: Nalvin Entered Liquidation 48 Days Before Lovable Acquired Its Team — https://dossaro.com/articles/nalvin-liquidation-lovable-acquihire (grade D). Read in full. A research firm's reading of the Swedish register and the 2024 annual accounts. Source for the revenue, loss, employees, incorporation and liquidation dates.
2. SaaSRise, 31 July 2026: Lovable snaps up team behind Swedish AI agent startup Nalvin — https://www.saasrise.com/deals/lovable-snaps-up-team-behind-swedish-ai-agent-startup-nalvin-c67e8089-d453-4b37-8cf1-d7516c017d9a (grade C). Read in full. A deal summary that cites tech.eu. Source for the founders' full names, the talent-only structure and the 31 July date.
3. Dealroom News, 29 July 2026: Lovable acquires Swedish AI startup Version Lens to bring in three founders — https://dealroom.co/news/141803-lovable-acquires-swedish-ai-startup-version-lens-to-bring-in-three-found/ (grade C). Read in full; downloaded by the pipeline's harvester on 8 November 2026. A short item that cites Breakit, which we did not read.
4. Nalvin home page, read 8 November 2026: Nalvin is joining Lovable — https://nalvin.com/ (grade C). Read in full. The company's farewell note.
5. Version Lens home page, Internet Archive copy of 11 October 2023 — https://web.archive.org/web/20231011171044/https://www.versionlens.com/ (grade C). Read in full. Source for the first product and the 2023 footer.
6. Version Lens blog, 31 January 2024: Version Lens raises €1.5M to build the world's first co-pilot for product managers (Internet Archive copy of 16 April 2024) — https://web.archive.org/web/20240416205735/https://www.versionlens.com/blog/version-lens-raises-1-5m-to-build-the-world-s-first-co-pilot-for-product-managers-2 (grade C). Read in full. Source for the founders, the CEO and the funding round.
7. Version Lens pricing page, Internet Archive copy of 16 April 2024 — https://web.archive.org/web/20240416211306/https://www.versionlens.com/pricing (grade C). Read in full. Source for the 2024 prices.
8. Nalvin About page, Internet Archive copy of 14 October 2025 — https://web.archive.org/web/20251014004948/https://www.nalvin.com/about (grade C). Read in full. Source for the team of four and the founders' reason to build.
9. Nalvin pricing page, Internet Archive copy of 10 April 2026 — https://web.archive.org/web/20260410234358/https://www.nalvin.com/pricing (grade C). Read in full. Source for the 2026 plans and the pricing table.
10. Nalvin home page, Internet Archive copy of 13 May 2026 — https://web.archive.org/web/20260513213642/https://www.nalvin.com/ (grade C). Read in full. Source for the 2026 offer and the unnamed customer results.
11. Federal Reserve Board, H.10 historical rates: Swedish kronor per US dollar — https://www.federalreserve.gov/releases/h10/hist/dat00_sd.htm (grade A). Downloaded the daily table on 8 November 2026; used the average of the 251 daily rates of 2024, 10.5744. It says nothing about Nalvin.
12. Internet Archive capture index for versionlens.com — https://web.archive.org/cdx/search/cdx?url=versionlens.com*&output=txt&fl=timestamp,original,statuscode&collapse=urlkey (grade C). Read the list of captures. Source for the earliest capture dates.
13. Database of failed startups, local export — /method/#dead (grade C). Local export. AI-written summaries, not independently verified. Source for the failed predecessors.

Contact: aiolum@livyden.com. Run Nalvin (formerly Version Lens)? Send corrections or a verified figure to aiolum@livyden.com (subject: Correction: Nalvin (formerly Version Lens)).