Lovable

Vibe-coding platform enabling developers and non-technical users to create and deploy web applications from natural-language prompts, reaching $200M ARR in under two years. Raised $330M Series B at $6.6B in December 2025; 100K+ projects launched daily on the platform; CEO Anton Osika kept company in Stockholm despite VC pressure to relocate; Nvidia participating investor.

Lovable's trajectory from $0 to $200M ARR in approximately 18 months and $6.6B valuation makes it the fastest-growing AI coding company and a bellwether for the vibe-coding market.

lovable.dev AI IDEs and Editors

Swedenprivate

At a glance

Total raised

$552.5M

last round series b

Headcount

51-200

approximate · public range

Headquarters

Stockholm

Sweden

Founded

2023

3 years active

Status

Private

AI IDEs and Editors

Latest valuation

$6.6B

Series B · 2025

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Funding history

Total raised

$552.5M

Rounds tracked

Latest stage

Series B

Latest valuation

$6.6B

Date	Stage	Amount	Valuation	Lead investors
Dec 18, 2025	Series B	$330M	$6.6B	CapitalG, Menlo Ventures
Jul 17, 2025	Series A	$200M	$1.8B	Accel
Feb 25, 2025	Seed	$15M	—	Creandum
Oct 7, 2024	Pre-Seed	$7.5M	—	Hummingbird, byFounders

Founder backgrounds

Anton Osika

Co-Founder & CEO

A physicist-turned-entrepreneur, Osika earned a master's in engineering physics from KTH Royal Institute of Technology and interned at CERN before becoming the first employee and engineer at Sana Labs, an AI-learning platform that raised $80M+. He then co-founded Depict.ai, an ML-powered product-recommendation engine that raised $20M and scaled to serve billions of recommendations. Before starting Lovable, he created GPT Engineer, an open-source project that let users generate code from natural-language prompts — a direct precursor to the company. Lovable, which he co-founded in November 2023, became the fastest-growing software startup in history, surpassing $100M ARR in eight months and recently raising $200M at a $1.8B valuation.

Fabian Hedin

Co-Founder & CTO

Hedin studied Industrial Engineering and Management at KTH Royal Institute of Technology (BSc, 2021). Before Lovable, he founded and led Tentium (CEO) and TenFAST (CTO), and worked as Frontend Lead at Depict — where he met co-founder Anton Osika — and as a fullstack engineer at CurbFood. He also interned at ABB Robotics and worked as an algorithm engineer and web developer earlier. The direct precursor to Lovable was GPT Engineer, an open-source project Hedin and Osika built together that let users generate apps from natural language; its enthusiastic developer community validated the concept and informed Lovable's product direction. He began building technical projects as a teenager running Minecraft servers.

AI bull / bear

Bull case

Lovable's $200M ARR in roughly 18 months is the fastest ramp of any AI coding company — faster than Cursor, Replit, or GitHub Copilot reached comparable scale. The platform opens software creation to a genuinely new audience: non-technical founders, designers, and operators who can describe an app and get working, deployed code. That massively expands the TAM beyond the ~30 million professional developers. A 100K-projects-per-day cadence signals habitual usage, not novelty tinkering. With $553M in total funding and Nvidia as a strategic investor, Lovable has the compute partnerships and balance-sheet runway to outspend competitors on model quality and infrastructure. CEO Anton Osika's refusal to relocate from Stockholm under VC pressure suggests a founder with conviction — the kind willing to prioritize product over narrative. If vibe-coding becomes the dominant entry point for web application creation, Lovable captures a generational platform shift with first-mover brand equity and a data flywheel that improves with every prompt.

Bear case

A $6.6 billion valuation against $200M ARR implies a 33x revenue multiple — pricing in years of hyperbolic growth that may not materialize once the easy early-adopter cohort is saturated. The competitive landscape is brutal: Cursor dominates pro developers, Replit has its own agentic builder, Bolt and v0 by Vercel target the same natural-language-to-app workflow, and foundation-model labs like OpenAI and Anthropic are racing toward first-party coding agents that could render wrapper platforms obsolete. Non-technical users churn fast — they build a prototype, lose interest, and never return, making net-dollar retention a structural challenge. Production-ready apps demand authentication, database management, security hardening, and compliance — areas where vibe-coded output remains brittle and unmaintainable, limiting enterprise credibility. The platform also carries latent legal exposure: auto-generated code could inadvertently reproduce copyrighted or GPL-licensed snippets, creating IP liability for users and, by extension, the platform itself.

Generated by deepseek-v4-pro · May 2, 2026Refreshes quarterly · see disclosures

In the news

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Leadership

Anton Osika

Co-Founder & CEO

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Fabian Hedin

Co-Founder & CTO

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Products

Lovable
Lovable is an AI-powered full-stack web application builder that generates production-ready apps from natural-language prompts. Users describe their idea in plain English or use Voice Mode to speak it, and Lovable generates the complete application including frontend, backend, and database. It connects with Supabase for Postgres databases, authentication, file storage, and real-time features. The platform maintains 85% day-30 retention by producing professional-grade, scalable code rather than throwaway prototypes, making it popular with both non-technical founders building MVPs and experienced developers accelerating their workflow.
Lovable 2.0
Lovable 2.0 is the major platform update that introduced enhanced AI capabilities for building more complex, production-grade applications. The upgrade improved the quality of generated code, expanded integration options, and added enterprise-grade features. It represents a significant leap in what non-technical users can build independently, narrowing the gap between AI-generated apps and professionally developed software while maintaining the core natural-language-to-application workflow that made the original platform successful.
Lovable Cloud
Lovable Cloud is the managed hosting and backend infrastructure that powers applications built on the Lovable platform. It provides seamless deployment with integrated Supabase services including Postgres databases, user authentication, file storage, and real-time data synchronization. Lovable Cloud enables users to go from concept to a deployed, publicly accessible web application in minutes without managing servers or DevOps, making it the infrastructure layer that turns AI-generated prototypes into real, scalable products.

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