Lovable, a Stockholm-based artificial intelligence startup specializing in AI-assisted software development, has become Europe's newest unicorn after raising $200 million in a Series A funding round led by Accel. The investment valued the company at $1.8 billion, marking the largest Series A round in Stockholm's history. Founded by Anton Osika and Fabian Hedin, Lovable offers a "vibe coding" platform that enables millions of non-coders to create websites, apps, and online projects using simple language prompts. Since its launch eight months ago, the startup has rapidly grown to over 2.3 million active users and achieved more than $100 million in annualized recurring revenue, positioning it as one of the fastest-growing software startups globally.
Stockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles. (Photo: Sebastian Nevols for Forbes) https://t.co/RpeYufItff https://t.co/t5hH3KoCsT
Vibe Coding Turned This Swedish AI Unicorn Into The Fastest Growing Software Startup Ever https://t.co/LkPVAipwcT https://t.co/LkPVAipwcT
Finnish startup lands €25 million seed to expand modular EV component platform https://t.co/ouUlSXMpPX via @ArcticStartup @rsiilasmaa #nordicmade #Finland #funding #startups #Mobility #electricvehicles #CleanTech #startups #Trending