Lovable: Fastest-Growing Software Startup in History
▼ Summary
– Swedish AI startup Lovable achieved $100mn in annual recurring revenue (ARR) within eight months, making it the fastest software company to reach this milestone.
– Lovable’s generative AI platform enables non-technical users to build apps or websites using simple text prompts, founded by Anton Osika in 2023.
– The platform has over 2.3 million active users and 10 million projects, with 100,000 new projects created daily.
– Lovable raised a $200mn Series A round led by Accel, valuing the company at $1.8bn, and introduced a “fully agentic” platform capable of autonomous problem-solving.
– The company launched a Business Plan with enterprise-grade features, attracting early customers like Klarna and Hubspot, while aiming to democratize software creation globally.
Lovable has shattered records by becoming the fastest-growing software startup in history, hitting $100 million in annual recurring revenue within just eight months of launch. The Swedish AI company has outpaced even the most rapid growth stories in tech, including industry giants like Cursor and Wiz. Its success stems from a groundbreaking generative AI platform that empowers users with no technical background to build apps and websites using simple text prompts.
Founded in 2023 by Anton Osika, Lovable was designed to democratize software creation. “We built this for the 99% of people who don’t code,” Osika explained. The platform eliminates traditional barriers, allowing entrepreneurs to launch businesses without prior programming knowledge. This approach has resonated globally, with over 2.3 million active users and 10 million projects created on the platform, adding more than 100,000 new projects daily.
The startup recently secured a $200 million Series A funding round, led by Accel and backed by prominent investors like 20VC and Creandum. The deal valued Lovable at $1.8 billion, marking one of Europe’s largest Series A raises. Alongside the funding, the company unveiled its latest innovation: a fully agentic AI system capable of problem-solving, debugging, and editing applications autonomously, without human input.
For enterprises, Lovable introduced a Business Plan with advanced security, privacy controls, and features like reusable templates and private projects. Early adopters include major brands such as Klarna and Hubspot.
Osika believes this is just the beginning. “AI is transforming how people build businesses,” he said. By lowering the barriers to creation, Lovable is fueling a new wave of innovation, one where anyone, regardless of technical skill, can turn ideas into reality.
(Source: The Next Web)
