Lovable becomes a unicorn with $200M Series A just 8 months after launch

Fast-growing Swedish AI-Asmpis coding Startup Sweet Has become Europe’s newest unicorn. Only eight months since the launch, the startup has led a series A round of $ 200 million under the leadership of Accel with a rating of $ 1.8 billion.

Just like cursor and other platforms that help developers write code and build apps by utilizing the coding and reasoning options of large language models, Lovable helps people to use natural language to create websites and apps. The trajectory of the startup has so far been mapped directly to heaven, whereby the company claims that it now has more than 2.3 million active users.

Those users use free Lovable, to be clear, but in one Recent speechAnton Osika, CEO of the startup, said it now has more than 180,000 paying subscribers, and the company had annual income from $ 75 million In seven months. That traction has probably contributed to this oversized Serie A.

The series A saw participation of existing investors, including 20VC, Byfounders, Creandum, Hummingbird and Visionaries Club. In February, Creandum led a pre-series of $ 15 million a round in the company, which at the time said it had achieved the annual return of $ 17 million and had 30,000 paying customers, with “Only $ 2 million issued.”

The startup has managed this growth of hockey stick with a pretty scarce team of only 45 full -time employees. Those are almost as much as the controversial angel investors who, according to him, participated in this round, including Klarna CEO Sebastian Siemiatkowski; Remote CEO Job van der Voort; Slack co-founder Stewart Butterfield; and co-founder of HubSpot Dharmesh Shah.

Lovable has received a grip with non-technical users, who helps it to make prototypes in which teams can collaborate. This, and tests, are probably most of the 10 million projects that have been made on so far Lovable, according to a press release. But the startup of Osika also provides itself as an aid to make production applications that can be complete startups.

“Every day brilliant founders and operators with game-changing ideas touch the same wall: they have no developer to realize their vision quickly and easily,” Osika said in a statement. In a recent message about X, he written that he is now ‘an angel investor in a software startup built with Lovable’, which may be an advertising test platform Stardust (We have contacted the founder for confirmation, but have not heard anything yet.)

The Swedish entrepreneur too celebrated that an app made with Lovable in 48 hours $ 3 million; But instead of a startup, it was made by a large Brazilian edtech company. This could be another growth one for Lovable, who has already succeeded in acquiring business customers – including, not so coincidentally, Klarna and Hubspot.

This story has been updated.