Lovable hits $100M ARR and rockets to $1.8B valuation in eight months. The Swedish vibe coding app for no-coders raised $200M in Series A and is already sparking talks of a $4B Series B. No signs yet Lovable wants that round.
Co-founder Anton Osika plans to make Lovable a full-stack app-building platform for founders. The June launch of an AI agent beta can now read files, debug, search the web, generate images, and locate files — leveling up from just drafts to full products.
“If you’re running a business, there are a lot of things you want to set up, like payments, understanding your users, and in the future, maybe even like ‘I need to incorporate my company,’”
Anton Osika stated.
“I want Lovable to help with all these things.”
Lovable runs on Anthropic’s Claude and OpenAI’s GPT-5 but Osika isn’t worried about those companies competing directly. Lovable’s edge? It can tap multiple AI models for unmatched features and faster growth without building its own AI infrastructure.
“That puts us in a better position than them,” Osika said.
“The scope of what you can achieve is constantly expanding.”
Lovable claims more than 2.3M active users, with 180,000 paying. Osika’s pricing covers costs, focusing on marketers building sales platforms and engineers running multiple small businesses.
AI code can be brittle, critics say. Osika fires back:
“All code should be reviewed before it is published, whether it is AI or human-generated.”
Lovable stays European at heart with teams in Stockholm and LA. Investors include Nordic Game Ventures, Greens Ventures, Hummingbird Ventures, and angels like Revolut CEO Nik Storonsky and Klarna founder Sebastian Siemiatkowski.
The success sends ripples through the Nordic ecosystem.
“The success of Lovable and other European AI unicorns is a success for all of Europe,” Shamillah Bankiya, UK’s Dawn Capital principal, told TechCrunch.
“It raises the bar for what ambitious founders across the continent can dream of and achieve.”
Lovable’s Osika is investing back into Nordic startups, citing a new $1.2M seed for Danish Propane.ai, proving the region can build category-defining companies with small teams and global vision.
“Lovable shows that with small teams, a global mindset, and relentless effort, you can still build a category-defining company,” Propane.ai founder Dennis Green-Lieber said.
“As a founder, I can say it’s lit a fire in our ecosystem to see this happen right here at home.”
Lovable aims to outpace competitors by staying fast, secure, and user-friendly. Figma IPO buzz? Osika stays focused on users.
“As long as we are listening to our users and giving them what they need, that’s all that matters,” he said.
Lovable is hiring and gearing up for more growth. The vibe coding race just got a lot more crowded—and Lovable is sprinting ahead.
