Lovable raises $200M Series A at $1.8B valuation to scale its AI vibe coding platform

First came the users. Then came the hype. Now comes the money. Lovable, the Stockholm-based AI startup that helps users build full-stack software by chatting with an AI, just closed a massive Series A to join Europe’s growing list of unicorns.

The $200 million round values Lovable at $1.8 billion and cements its rise as one of the fastest-growing AI startups on the continent, despite launching less than a year ago.

The round was led by Accel, with participation from 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club. It follows a $15 million pre-Series A just six months ago, showing how quickly investor appetite for AI-native developer tools is growing.

“Lovable just raised $200M at a $1.8B valuation led by Accel. This all started unexpectedly with me calling my friend at 6 AM to go for a walk,” co-founder Anton Osika wrote in a post on X.

Bloomberg also confirmed the raise in a report on Thursday.

“Lovable, a Swedish artificial intelligence startup that streamlines software development, raised a $200 million fundraising round, making it Europe’s newest unicorn. The Series A round values the startup at $1.8 billion, Lovable said in a statement Thursday. Bloomberg News reported last month the company was in talks to raise money,” Bloomberg reported.

Swedish AI Startup Lovable Becomes Europe’s Newest Unicorn After $200M Raise

Co-founded in 2023 by Anton Osika and Fabian Hedin, Lovable has struck a chord with both non-technical creators and professional developers. Its platform lets users start by typing an idea into a chat interface. From there, the AI takes over—generating backend code, connecting integrations, and shaping out a working product. Think “describe an app idea” and get a working build in return.

The company calls this approach “vibe coding.” It’s a development method where users prompt the AI with plain language, and the system responds by generating, refining, and debugging code. Instead of long cycles and rigid planning, the process feels more like improvisation—fast, flexible, and collaborative.

Lovable now has over 2.3 million users and more than 180,000 paying subscribers. CEO Anton Osika says the company reached $75 million in annual recurring revenue within just seven months.

The platform supports a wide range of user inputs—from plain text to images, flowcharts, and even Figma files. That flexibility has opened the doors for solo founders, indie developers, and anyone with an idea but no coding background. Community-built apps range from QR code generators to invoice builders to arcade-style games that spring to life from a single prompt.

Lovable is also experimenting with what comes next. Last month, it rolled out Agent Mode in beta—a new capability that lets the AI think, plan, and take actions on behalf of the user. With Agent Mode, you can upload a full spec doc, walk away, and the system will start building out the project by itself. It can read codebases, extract functions, debug errors, search the web for documentation, and even edit assets.

The feature is still early, but it’s already being used for everything from simple code generation to developing complex software features with minimal input.

With this new funding, Lovable plans to double down on its core product, expand its AI agent features, and scale up its infrastructure to handle the growing demand.

The company’s pitch is simple: “Build something Lovable.” And with $200 million in fresh capital, it now has the firepower to keep turning that slogan into working software for millions more users.