Lovable becomes a unicorn with $200M Series A just 8 months after launch
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. The startup's trajectory so far has charted straight towards the sky, with the company claiming it now has more than 2.3 million active users.
Those users are using Lovable for free, to be clear, but in a recent talk, the startup's CEO Anton Osika said it now has more than 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 $17 million and had 30,000 paying customers.
The startup has managed this hockey-stick growth with a pretty sparse team of only 45 full-time employees. That's almost as many as the high-profile angel investors who it said participated in this round, including Klarna CEO Sebastian Siemiatkowski; Remote CEO Job van der Voort; Slack co-founder Stewart Butterfield; and Hubspot co-founder Dharmesh Shah.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
3 UK Stocks Estimated To Be Up To 47.5% Below Intrinsic Value
The UK stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines amid concerns over China's economic recovery and its impact on global trade. As London markets respond to these global cues, investors might find opportunities in stocks that are currently trading below their intrinsic value, offering potential for long-term growth despite short-term volatility. Top 10 Undervalued Stocks Based On Cash Flows In The United Kingdom Name Current Price Fair Value (Est) Discount (Est) Vistry Group (LSE:VTY) £6.236 £11.87 47.5% Topps Tiles (LSE:TPT) £0.3845 £0.71 45.5% TBC Bank Group (LSE:TBCG) £48.35 £95.75 49.5% Moonpig Group (LSE:MOON) £2.145 £4.04 46.9% Marlowe (AIM:MRL) £4.42 £8.37 47.2% LSL Property Services (LSE:LSL) £2.98 £5.87 49.2% Gooch & Housego (AIM:GHH) £6.04 £11.14 45.8% Franchise Brands (AIM:FRAN) £1.41 £2.69 47.5% Begbies Traynor Group (AIM:BEG) £1.22 £2.26 45.9% AstraZeneca (LSE:AZN) £108.02 £194.02 44.3% Click here to see the full list of 53 stocks from our Undervalued UK Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Franchise Brands Overview: Franchise Brands plc operates in franchising and related activities across the United Kingdom, Ireland, North America, and Continental Europe, with a market cap of £271.48 million. Operations: The company's revenue is primarily derived from its segments: Azura (£0.81 million), Pirtek (£63.91 million), B2C Division (£5.75 million), Filta International (£25.60 million), and Water & Waste Services (£46.05 million). Estimated Discount To Fair Value: 47.5% Franchise Brands is trading at £1.41, significantly below its estimated fair value of £2.69, suggesting it is undervalued based on cash flows. Earnings are expected to grow 29.39% annually, outpacing the UK market's 14.7%. Although revenue growth at 7.4% per year is slower than desired, it still exceeds the UK market average of 3.6%. Recent earnings growth was substantial at 143.9%, highlighting strong financial performance potential. According our earnings growth report, there's an indication that Franchise Brands might be ready to expand. Unlock comprehensive insights into our analysis of Franchise Brands stock in this financial health report. Victorian Plumbing Group Overview: Victorian Plumbing Group plc is an online retailer specializing in bathroom products and accessories for both B2C and trade customers in the United Kingdom, with a market cap of £237.09 million. Operations: Victorian Plumbing Group generates revenue through its online retail sales of bathroom products and accessories to both consumer and trade markets in the UK. Estimated Discount To Fair Value: 39.5% Victorian Plumbing Group is trading at £0.72, considerably below its estimated fair value of £1.2, highlighting its potential undervaluation based on cash flows. Despite a volatile share price and insider selling, earnings are forecast to grow significantly at 29.7% annually, surpassing the UK market's growth rate. However, profit margins have declined from last year and dividends remain inadequately covered by free cash flows despite a recent increase in payout to shareholders. Insights from our recent growth report point to a promising forecast for Victorian Plumbing Group's business outlook. Take a closer look at Victorian Plumbing Group's balance sheet health here in our report. Wickes Group Overview: Wickes Group plc is a UK-based retailer specializing in home improvement products and services, with a market cap of £532.73 million. Operations: The company generates revenue of £1.54 billion from its retail operations in home improvement products and services within the UK. Estimated Discount To Fair Value: 28.0% Wickes Group, trading at £2.25, is undervalued compared to its fair value estimate of £3.12, reflecting a discount greater than 20% based on discounted cash flow analysis. The company forecasts robust earnings growth of 26.8% annually, outpacing the UK market's average. Despite this potential, dividends are not well-covered by earnings and recent results show declining profit margins from last year. Recent index additions signal increased visibility among investors. In light of our recent growth report, it seems possible that Wickes Group's financial performance will exceed current levels. Click to explore a detailed breakdown of our findings in Wickes Group's balance sheet health report. Make It Happen Unlock more gems! Our Undervalued UK Stocks Based On Cash Flows screener has unearthed 50 more companies for you to here to unveil our expertly curated list of 53 Undervalued UK Stocks Based On Cash Flows. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Ready To Venture Into Other Investment Styles? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:FRAN AIM:VIC and LSE:WIX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
16 minutes ago
- Yahoo
Cox makes $4.7 billion offer for Iberdrola's Mexican assets, El Confidencial says
(Reuters) -Spanish renewable energy and water company Cox has submitted an offer to take over Iberdrola's assets in Mexico worth around 4 billion euros ($4.69 billion), newspaper El Confidencial said on Monday, citing unnamed sources close to the process. Spanish utility Iberdrola hired investment bank Barclays to sell 15 renewable power plants in Mexico as it seeks to exit the country on concerns about the legal and tax stability in the country, El Confidencial reported last week. Iberdrola already sold 55% of its assets in the country to the Mexican government for $6 billion in 2024, which the Mexican government called at the time a "new nationalisation" of the electricity market. Iberdrola and Cox, which is present in Mexico, did not immediately respond to requests for comment. ($1 = 0.8532 euros) Sign in to access your portfolio
Boston Globe
18 minutes ago
- Boston Globe
AI will bring back old boys' clubs
Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up When the ability to expediently undertake honest evaluation eludes us, we intuitively default to a next-best shortcut: pedigree. Expect a resurgence of reliance on status symbols we may have thought the world was beginning to leave behind — elite diplomas, warm intros, old-fashioned references, a person's ZIP code, race, gender, and maybe even their given and family names. One of the early, wide-scale effects that generative AI will have on labor and capital markets is the return of velvet ropes. Advertisement The logic dates way back. If an artifact's authenticity is in question, validate the artisan by their tribe. We'll see these changes all over. Foundations such as Wellcome Trust are accepting applications for grants from 'established researchers.' It'll go unsaid, but universities will rely more heavily on PhD program rankings when they recruit faculty. Admissions officers who had begun to move away from standardized test scores may now grasp onto any numerical indicators that still seem to justifiably sort applicants, even if only by a hair's breadth. Law firms that started to lean toward 'school-agnostic' hiring policies will reverse course. Advertisement This is cognitive triage rather than malice. AI already is doing many wonderful things for us, but it has massively diluted our ability to assess talent and verify authenticity. So gatekeepers everywhere are going to look for logos. In the near term, that will tilt the playing field further away from anyone who lacks status markers. It'll be no surprise if a first-generation college applicant from Fresno whose personal essay might be AI assisted faces more doubt than a legacy or Andover kid who is presumptively the better writer. Likewise, a midcareer coder in Belgrade whose work shows well on GitHub will meet greater suspicion than an MIT grad with a referral, even if both their code repositories were mostly generated with the help of Copilot. The same technology that promises to democratize education, enlarge the circle of creators and productive workers, and equalize talent in the workplace will, ironically, refeudalize selection and recognition in the near term. Whether we end up in a world of more distributed opportunity or more unexamined pedigree may depend on our appetite for doing the harder work of verification or on our willingness to treat outputs of artificial or of human creators as one and the same. Until we acknowledge the latter or we develop new methods to assess and authenticate human capability in an AI-saturated world, the democratic potential of these technologies will be overshadowed by the hierarchies they otherwise might have helped to dissolve. Advertisement
