Lovable No-Code Platform Targets $150M Raise for Unicorn Status
▼ Summary
– Swedish startup Lovable is in talks to raise $150mn at a nearly $2bn valuation, per the Financial Times.
– Lovable’s generative AI platform enables non-technical users to build apps or websites using simple text prompts.
– Co-founder Anton Osika stated the company has reached $75mn in annual recurring revenue within seven months of launch.
– The funding round, led by Accel with participation from existing investors, would be Lovable’s largest to date.
– If successful, this round would be among Europe’s biggest in 2025, reflecting strong investor interest in continental AI startups.
Swedish no-code platform Lovable is reportedly negotiating a massive $150 million funding round that could push its valuation close to $2 billion, positioning it among Europe’s most valuable AI startups. The company’s innovative approach enables users without technical expertise to develop apps and websites using simple text prompts, democratizing software creation for a broader audience.
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable has quickly gained traction, generating $75 million in annual recurring revenue within just seven months of launch. Osika emphasizes that the platform empowers non-technical entrepreneurs, calling it a gateway to “unlocking a new economy” where coding skills are no longer a barrier to building digital products.
The potential funding round would rank among Europe’s largest in 2025, reflecting strong investor confidence in AI innovation from the region. It follows significant raises by other European AI firms, including Helsing’s €600 million defense-focused AI funding and Isomorphic Labs’ €508 million round for AI-driven drug discovery. Reports also suggest French AI company Mistral may seek €1 billion later this year.
Lovable’s latest funding would dwarf its previous rounds, a €6.8 million seed round in October and a $16 million follow-up in February. Accel, an early Facebook backer, is leading the investment, with participation from existing supporters like 20VC and Creandum. If successful, the deal could cement Lovable’s status as a European tech unicorn and further validate the booming no-code AI sector.
The platform’s rapid growth highlights a broader shift toward accessible AI tools, enabling businesses and individuals to harness technology without deep technical knowledge. As demand for intuitive development solutions surges, Lovable’s trajectory suggests it could become a key player in reshaping how software is built.
(Source: The Next Web)
