Lovable Labs Inc.
| Private | |
| ISIN | 🆔 |
| Industry | Artificial intelligence, Software |
| Founded 📆 | 2023 |
| Founders 👔 | Anton Osika, Fabian Hedin |
Area served 🗺️ | |
| Products 📟 | AI app builder, website hosting |
| Members | |
Number of employees | |
| 🌐 Website | lovable.dev |
| 📇 Address | |
| 📞 telephone | |
Lovable Labs Inc. (commonly known as Lovable) is a Swedish software company founded in 2023 and headquartered in Stockholm. The company develops an AI-powered "vibe coding" platform which generates web applications from natural language descriptions.
History
Lovable was founded in 2023 by Anton Osika and Fabian Hedin in Stockholm. The first version, GPT Engineer, was a side-project of Osika which gained over 50,000 stars on GitHub. The company launched its platform in late 2024, aimed at enabling non-technical users to build production-grade web and mobile apps through conversational prompts.[1]
In February 2025, Lovable raised €6.8 million in a pre-seed round led by Hummingbird Ventures and byFounders.[2] The platform reached over 500,000 users and 30,000 paying customers, reportedly generating $17 million in annual recurring revenue (ARR).[2] [3][4]
In July 2025, Lovable raised $200 million in a Series A round led by Accel, bringing its valuation to approximately $1.8 billion. The round was described as one of the largest Series A fundraises in European startup history.[5]
Products
Lovable's main product allows users to build and deploy full-stack applications using a conversational AI interface. It supports integrations with platforms such as GitHub, Supabase, and Stripe. The technology leverages large language models from providers like OpenAI or Anthropic. Main competitors include Replit and Cursor (code editor).
Reception
Lovable has been described by Forbes and TechCrunch as one of the most rapidly growing software companies of all time.[1][5] As of July 2025, the company claimed to have surpassed $100 million in ARR less than a year after launch.[1]
Swedish newspaper Dagens Industri and Omni Ekonomi also reported on Lovable's rise as it reached unicorn valuation.[6] [7]
Svenska Dagbladet and financial analysts have questioned the transparency of Lovable's ARR methodology, noting it was calculated by annualizing gross monthly revenue without adjusting for churn or customer acquisition. Critics described the figure as "shaky" or lacking standardization.[8]
See also
References
- ↑ 1.0 1.1 1.2 "Vibe Coding Turned This Swedish AI Unicorn Into The Fastest Growing Software Startup Ever". Forbes. 23 July 2025. Retrieved 4 August 2025.
- ↑ 2.0 2.1 "Sweden's Lovable, an app-building AI platform, rakes in $15M after spectacular growth". TechCrunch. 25 February 2025. Retrieved 4 August 2025.
- ↑ "Lovable: Is this AI agent-maker Europe's fastest-growing software startup ever?". Sifted. 26 February 2025. Retrieved 4 August 2025.
- ↑ "Swedish AI start-up Lovable nears $2bn valuation". Financial Times. 2 July 2025. Retrieved 4 August 2025.
- ↑ 5.0 5.1 "Lovable becomes a unicorn with $200M Series A just 8 months after launch". TechCrunch. 17 July 2025. Retrieved 4 August 2025.
- ↑ "Svenska AI-utmanaren Europas nästa enhörning - värderas till 17 miljarder". Omni Ekonomi (in svenska). 17 July 2025. Retrieved 4 August 2025.
- ↑ "AI-sensationen inifrån – ansiktet för nya techundret". Dagens Industri (in svenska). 8 July 2025. Retrieved 4 August 2025.
- ↑ Eklund, Henning (30 July 2025). ""Skakig" siffra i centrum för svenska AI-raketen". Svenska Dagbladet (in svenska). Retrieved 4 August 2025.
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