Lovable— AI app builder from plain-language prompts.

Lovable is a Swedish "vibe coding" platform that turns a plain-language prompt into a working full-stack web app — front-end, back-end, and database — that can be edited by chat and deployed in one click, aimed at the 99% of people who can't code.

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Founded
2023
Headquarters
Stockholm, Sweden
Legal name
Lovable Labs Incorporated
Legal domicile
Dover, Delaware, United States

Highlights

Notable milestones from Lovable’s journey — funding rounds, launches, and other moments worth knowing.

milestone

$500M ARR with one million new projects a week

Lovable passed $500M in annualized revenue run rate less than four months after reporting $400M. By the same update, users had built more than 50M projects on the platform, with creation accelerating to one million new projects each week.

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milestone

$400M ARR — and $100M of it added in a single month

By February 2026 Lovable had crossed $400M ARR, adding $100M in one month with a team of just 146 — roughly $2.7M of revenue per employee. The company says more than half of the Fortune 500 now use the platform.

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funding

$330M Series B at $6.6B — a 3.7x markup in five months

CapitalG and Menlo Ventures co-led a round that nearly quadrupled the valuation just five months after the Series A, with NVentures, Salesforce Ventures, Databricks Ventures, and Khosla Ventures joining. ARR had doubled to over $200M between July and November, with customers like Klarna and Uber.

Round
Series B
Raised
$330M
Valuation
$6.6B
Led by
CapitalG, Menlo Ventures, Salesforce Ventures, Khosla Ventures
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milestone

Fastest software company ever to $100M ARR

Lovable went from $1M to $100M ARR in eight months — outpacing Cursor, Wiz, OpenAI, and Slack — with 10M+ projects built and 100,000 created a day, and no spend on paid acquisition.

Chart titled 'Fastest $1M to $100M' plotting ARR over years, with Lovable's near-vertical curve far ahead of Cursor, Wiz, OpenAI, Slack, Twilio, and Shopify.
Lovable's $1M-to-$100M climb against the previous record holders.
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funding

$200M Series A at a $1.8B valuation — a unicorn in eight months

Accel led one of Europe's largest-ever Series A rounds, making Lovable a unicorn just eight months after launch, on a pitch to "empower the 99% who can't code to build production-grade software by talking to AI."

Round
Series A
Raised
$200M
Valuation
$1.8B
Led by
Accel
Source
funding

$15M pre-Series A on the back of explosive early traction

Eight weeks after opening access, Lovable was at $17M ARR with 500,000 users, 30,000 paying customers, and 25,000 new apps a day — built on just $2M of a €6.8M pre-seed. Creandum and Visionaries Club led the round, joined by angels including Charlie Songhurst and Hugging Face's Thomas Wolf.

Round
Pre-Series A
Raised
$15M
Led by
Creandum, Visionaries Club
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launch

GPT Engineer becomes Lovable and opens to everyone

The team rebranded the GPT Engineer app to Lovable and launched open access — a chat-first builder that turns a description into a deployable full-stack app, no setup required. It immediately became the platform's growth engine, with tens of thousands of new projects spun up daily.

Lovable's template gallery showing eight finished apps — a portfolio, a slide builder, an architecture site, blogs, an events platform, and an e-commerce store.
Real apps built by chatting with Lovable — portfolios, blogs, presentation tools, and storefronts.
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team

Two Swedes turn a viral open-source coding experiment into a company

Anton Osika's open-source GPT Engineer — which let an LLM scaffold a whole app from a prompt — raced to tens of thousands of GitHub stars in 2023. With Fabian Hedin he turned it into a commercial product and founded the company in Stockholm.

Lovable co-founders Anton Osika and Fabian Hedin standing in front of a glass facade.
Anton Osika (CEO) and Fabian Hedin (CTO) — GPT Engineer's authors, later Europe's fastest-growing software founders.
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