Swedish AI firm Lovable has reached a valuation of $1.8bn (Skr17.5bn) following a $200m fundraising spherical. In accordance with a Bloomberg report, the event positions Lovable as Europe’s newest unicorn.
The funding spherical was led by Accel and noticed participation from present buyers together with 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Membership.
In June 2025, it was reported that Lovable was holding discussions with US buyers to safe not less than $100m in funding. In February 2025, the startup raised $15m in a pre-series A funding spherical led by Creandum.
Based in 2023, Lovable supplies know-how that allows customers to create apps and web sites with no need programming experience.
Much like platforms akin to Cursor, Lovable makes use of giant language fashions to help customers in creating web sites and functions via pure language. The corporate is a part of the rising ‘vibe coding’ sector, which is gaining consideration from each buyers and prospects.
The startup, primarily based in Stockholm, claims to have greater than 2.3 million energetic customers. The current funding is anticipated for use to develop its group and improve its product choices to assist the event of extra advanced functions and web sites.
In a LinkedIn submit, Lovable founder and CEO Anton Osika confirmed the fundraising.
“We’re not simply democratising code. We’re serving to everybody realise they’ve issues to construct,” he mentioned.
Final month, Lovable launched Agent Mode in beta, a function designed to autonomously handle duties akin to considering, planning, and taking actions. The corporate claims that this improve reduces construct error charges by 90% and minimises undesirable adjustments, in the end bettering person aim achievement.
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