🚀 Lovable, a fast-rising Swedish startup revolutionizing how people build software with AI, has achieved unicorn status just eight months after launching. The Stockholm-based AI vibe coding platform raised a massive $200 million Series A funding round led by Accel, valuing the company at $1.8 billion.
With this milestone, Lovable becomes one of the fastest-growing tech startups in Europe, transforming the app and website creation process with natural language-powered tools.
🧠 What Is Lovable?
Lovable enables users — especially non-technical creators — to build websites and applications simply by describing them in natural language. Similar to platforms like Cursor, Lovable leverages the reasoning and coding capabilities of large language models (LLMs) to help users create interactive software prototypes and even production-grade applications.
Whether you're a solo entrepreneur, a product manager, or part of a design team, Lovable turns your ideas into working apps without writing a single line of code.
📈 Rapid Growth: From $2M to $75M ARR in Months
Lovable’s growth trajectory has been nothing short of extraordinary:
- Launched: 8 months ago
- Active users: 2.3 million+
- Paying subscribers: 180,000+
- Annual Recurring Revenue (ARR): $75 million
- Team size: Just 45 full-time employees
- Projects created: 10 million+
In February 2025, the company raised a $15 million pre-Series A led by Creandum, boasting $17 million in ARR and 30,000 subscribers — achieved with just $2 million in spend. The recent Series A cements Lovable's place as a dominant force in the AI-first no-code market.
💸 Investors Behind Lovable
The $200 million Series A round was led by Accel, with participation from top-tier existing investors:
- 20VC
- byFounders
- Creandum
- Hummingbird
- Visionaries Club
Lovable also attracted a stellar lineup of angel investors, including:
- Sebastian Siemiatkowski (Klarna CEO)
- Job van der Voort (Remote CEO)
- Stewart Butterfield (Slack Co-founder)
- Dharmesh Shah (HubSpot Co-founder)
🌍 Real-World Impact and Enterprise Adoption
Lovable isn’t just helping individuals prototype ideas. It’s becoming a serious enterprise solution, already being used by major global companies like:
- Klarna
- HubSpot
In a recent post on X, CEO Anton Osika shared impressive real-world success stories:
- A Brazilian edtech company built an app on Lovable that generated $3 million in just 48 hours
- A new startup (likely Stardust) was built entirely on Lovable, now backed by Osika himself
These examples underscore Lovable’s potential to disrupt traditional software development workflows, empowering founders and teams to go from idea to execution — fast.
💬 CEO’s Vision
“Every day, brilliant founders and operators with game-changing ideas hit the same wall: they don’t have a developer to realize their vision quickly and easily.”
— Anton Osika, CEO of Lovable
Lovable’s mission is clear: democratize app development for everyone, regardless of technical ability.
🔮 What’s Next for Lovable?
With $200 million in new capital, a growing user base, and enterprise traction, Lovable is poised to:
- Expand globally
- Add advanced features for building production-grade software
- Strengthen AI integrations
- Grow its team beyond the current 45 employees
- Tap into edtech, SaaS, e-commerce, and other high-growth industries
