INSUBCONTINENT EXCLUSIVE:
Only eight months since its launch, the startup has raised a $200 million Series A round led by Accel at a $1.8 billion valuation.Like
Cursor and other platforms that help developers write code and build apps by harnessing the coding and reasoning abilities of large language
models, Stockholm-based Lovable helps people use natural language to create websites and apps
180,000 paying subscribers, and the company had reached annual recurring revenues of $75 million in seven months
That traction likely contributed to this oversized Series A.The Series A saw participation from existing investors, which include 20VC,
byFounders, Creandum, Hummingbird, and Visionaries Club
In February, Creandum led a $15 million pre-series A round in the company, which at the time said it had reached annual recurring revenue of
sparse team of only 45 full-time employees
traction seems to come from non-technical users, who use it to create prototypes that they can collaborate on later with developers to build
more fleshed-out apps and websites
This, and tests, are likely the bulk of the 10 million projects that have been created on the platform to date, the company said in a press
But Lovable also envisions itself becoming a tool that can be used to create production-grade applications that underpin full-fledged
Notably, Osika recently said on X that he is now an angel investor in a software startup that was ostensibly built with Lovable
This could present another growth avenue for Lovable, which has already managed to acquire enterprise customers, including Klarna and
