Stockholm-based AI startup Lovable has secured an impressive $200 million in a Series A funding round led by Accel, pushing its valuation to a staggering $1.8 billion. The platform, which enables users to create apps and websites simply by using natural language prompts, now serves over 2.3 million active users, including more than 180,000 paying subscribers.
Backing this ambitious vision are prominent investors such as Slack’s Stewart Butterfield, HubSpot’s Dharmesh Shah, Remote’s Job van der Voort, and Klarna’s Sebastian Siemiatkowski. CEO Anton Osika revealed that Lovable has already achieved $75 million in annual recurring revenue (ARR) with a lean team of just 45 employees. As Osika put it on X, “Today, there are 47M developers worldwide. Lovable is going to produce 1B potential builders.”
Lovable’s mission goes beyond developers; it aims to empower the 99% of people who have great ideas but lack coding skills. “They have problems. They know the solutions. They just can’t build them,” Osika explains. By democratizing app creation, Lovable has facilitated the development of over 10 million projects on its platform, fundamentally transforming who can contribute to the future of technology.
One of the platform’s standout achievements includes enabling the launch of a $3 million edtech app in just 48 hours, demonstrating the power and speed of its no-code capabilities. Moreover, Osika has embraced a unique role as an angel investor, supporting startups built on Lovable’s technology, thus fostering a growing ecosystem of innovation.
Lovable’s rapid rise highlights the growing momentum behind AI-driven no-code tools that aim to unlock creativity and innovation at scale. With its groundbreaking approach and substantial backing, Lovable is setting new standards for how technology can be built—by anyone, anywhere.
