Lovable, a Swedish startup, is raising $150mn at a valuation close to $2bn, focusing on a generative AI platform for non-technical users. Founded in 2023 by Anton Osika and Fabian Hedin, it has generated $75mn in annual recurring revenue within seven months. The platform enables users without coding experience to create apps and websites through simple text prompts, which Osika believes is cultivating a new economy. If successful, the funding round will be one of the largest in Europe for 2025, highlighting investor interest in the AI sector.
"I decided what we needed to do is build for the 99% who do not create software," Anton Osika stated. Lovable's platform empowers non-technical users to create applications.
Lovable has generated $75mn in annual recurring revenue (ARR) within seven months of launching, positioning it as one of Europe's fastest-growing startups.
If Lovable's $150mn funding round closes, it will mark one of Europe's largest funding rounds in 2025, reflecting strong investor interest in AI.
Anton Osika believes the platform is "unlocking a new economy" by enabling non-technical founders to build businesses without needing coding experience.
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