Accel is poised to lead a funding round for Lovable, a Swedish startup specializing in 'vibe coding' that simplifies coding for novices using AI. This move comes as Lovable garners significant growth, achieving $17 million in annual recurring revenue within three months. The company recently attracted $15 million in pre-series A funding and claims to be among Europe's fastest-growing AI startups, challenging the dominant US AI funding landscape. With competitors like Cursor and Microsoft's GitHub Copilot, Lovable aims to make programming accessible to non-engineers, positioning itself on the global stage.
Accel, the storied venture firm that invested early in Facebook and Slack, is set to lead a new funding round in the Swedish "vibe coding" startup Lovable.
Lovable aims to make coding even more user-friendly, enabling non-engineers to make software and applications.
In a blog post, the company said it "may be Europe's fastest-growing AI startup" and that it was "proving that world-class AI companies can emerge from Europe."
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