⏳ In Brief
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Lovable is raising $150 million, nearing a $2 billion valuation.
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Offers a no-code AI platform to build apps via text prompts.
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Backed by Accel, Creandum, and 20VC.
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Reached $75M ARR in just 7 months.
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Empowers non-coders through AI-generated software tools.
🤖 Lovable’s AI-Driven Approach to App Development
Founded in Stockholm in 2023, Lovable has built a generative AI platform that lets users create fully functional apps and websites by simply describing their idea in natural language.
The tool removes the need for any coding knowledge, targeting non-technical users, entrepreneurs, and creators. It integrates AI models from OpenAI, Anthropic, and Google to generate responsive, production-ready code tailored to user prompts.
This simplified approach has positioned Lovable as a leader in the trend known as “vibe coding”, where users build by feel and language rather than syntax.
💰 Major Funding Signals Investor Confidence
Lovable is now closing a $150 million growth round, led by Accel and supported by Creandum and 20VC. This round follows its earlier $15 million seed, showing rapid investor enthusiasm.
The company has scaled quickly, reportedly reaching $75 million in annual recurring revenue (ARR) and attracting over 30,000 paying users within just 7 months of launch.
This funding positions Lovable close to a $2 billion valuation, marking it as one of Europe’s fastest-growing AI startups.
🛠️ Power to the Non-Technical User
What makes Lovable especially disruptive is its accessibility.
With no code needed, anyone from solo founders to designers can build fully functional apps without hiring a developer. The platform uses AI to generate and deploy both front-end and back-end code in real time.
This democratization of development slashes the barrier to entry, accelerates innovation, and empowers underserved segments of the creator economy.
By simplifying the app creation process, Lovable opens up software development to an entirely new audience.
📌 Conclusion
Lovable represents a major shift in how applications are created by merging natural language prompts with AI coding capabilities.
Its ability to attract major investment, scale quickly, and empower non-technical creators signals a new era for app development, one where AI does the heavy lifting, and creativity leads the way.
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