- Lovable is set to raise $150M at a near $2B valuation, led by Accel and existing investors.
- The AI startup surpassed $75M ARR in seven months, with 30,000+ paying customers.
- Lovable’s new AI agent automates coding and debugging, expanding its no-code platform’s capabilities.
Lovable, one of Europe’s fastest-growing AI startups, is in talks to raise over $150 million at a near $2 billion valuation, according to multiple reports.
The Swedish company, founded in 2023, has seen explosive growth since launching its AI-powered web app builder just seven months ago.
This fresh round, led by Accel with participation from Creandum and 20VC, comes only months after Lovable raised $15 million in a “pre-Series A” round in February.
The company’s valuation leap underscores investor enthusiasm for generative AI platforms that enable non-technical founders to build sophisticated software with simple text prompts.
Lovable’s product allows users to generate full-stack web apps—including front ends with React and back ends tied to databases like Supabase—starting at $25 per month. Some users have built complex apps for as little as $250, making the platform a favourite among solo founders and small teams.
CEO Anton Osika recently revealed that Lovable surpassed $75 million in annual recurring revenue (ARR) within seven months of launch, with over 30,000 paying customers and 25,000 new projects created daily.
The company also announced a beta launch of its AI agent, which can autonomously edit code, debug, and manage projects, further streamlining app development for users.
If completed, Lovable’s latest round will be one of Europe’s largest in 2025, cementing its status as a leading force in the continent’s AI and no-code movement.
Edited by Annette George
