Swedish AI ‘vibe-coding’ start-up Lovable valued at almost $2bn
SWEDEN, JUL 2 – Lovable's valuation nears $2 billion after raising $150 million to expand its AI agent that automates coding tasks, achieving $50 million in annual recurring revenue in six months.
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No-code platform Lovable eyes $150M raise and double unicorn status
Swedish startup Lovable is in talks to raise $150mn at a valuation just shy of $2bn, the Financial Times reports. The Stockholm-based business has built a generative AI platform that allows non-technical users to build apps or websites based on simple text prompts. “I decided what we needed to do is build for the 99% who do not create software,” Anton Osika, Lovable’s co-founder, told TNW in April. Osika founded Lovable alongside Fabian Hedin…
Sources: Sweden-based AI-powered app builder Lovable is set to raise $150M+ led by Accel at a ~$1.8B valuation, as investors rush to back “vibe coding” startups
Financial Times: Sources: Sweden-based AI-powered app builder Lovable is set to raise $150M+ led by Accel at a ~$1.8B valuation, as investors rush to back “vibe coding” startups — Two-year-old group nears more than $150mn in new funding as investors swarm around AI coding businesses
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