Latest news with #AntonOsika
Indian Express
3 days ago
- Business
- Indian Express
How Lovable became a successful AI-powered app builder
Lovable, a Swedish AI startup, has crossed $100 million in annual recurring revenue, putting it ahead of most other software firms, including OpenAI. Currently, the firm has more than 2.3 million active users, and last reported 180,000 paying subscribers. Here is a look at Lovable, and how it became such a big company so quickly. Lovable is essentially a company that offers an AI-powered app development platform, allowing users to build entire web applications using natural language prompts. It was founded in November 2023 by Anton Osika and Fabian Hedin with an aim to democratise software development by enabling non-coders to turn their ideas into a reality. The company shot to fame after creating something called GPT Engineer, an open-source tool that showcased the ability of large language models (LLMs) to write functional code from simple prompts. LLMs are trained on massive amounts of text data that can understand and generate human language. Following the success of GPT Engineer, Loveable launched GPT which was meant to be used by non-technical users. At the heart of Lovable's success lies its goal to allow anyone to create web apps with natural language, without the need to code. All one has to do is have a vision, and give instructions to the GPT 'The app eliminates the complexity of traditional app-creation environments by combining coding, deployment, and collaboration in a single interface,' according to a report by Contrary Research, a hub for research and analysis of private tech companies. Users can build a wide range of products from simple websites to complex web apps with the help of Lovable. Not only this, the company provides a user-friendly interference which has been a key in its success.
Yahoo
6 days ago
- Business
- Yahoo
Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone
Less than a week after it became Europe's latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers. With only 45 full-time employees, and 14 open positions on its careers page, that makes for an impressive employee-to-revenue ratio. Subscriptions seem to be driving the bulk of Lovable's revenue, but the company isn't prioritizing sales at all costs. Shortly after Lovable said it had reached ARR of $75 million in June, its CEO Anton Osika wrote on X that Lovable had 'lost $1.5 million ARR in a single day' because it had moved all users on its Team tier to its less expensive Pro tier, which now also accommodates collaboration. The Teams plan is now being replaced by a Business tier, which sits between the Pro and custom Enterprise offerings. The new plan offers business-focused features such as self-serve, Single Sign-On (SSO), templates, private projects that won't be visible to the entire team, and the option to opt-out from having your data be used for training. Lovable already has a slate of large customers like Klarna, Hubspot and Photoroom, but there are still notable barriers and concerns around vibe coding among enterprises — where the big money is. This new tier could help Lovable find intermediary use cases and drive more businesses to use its tools for more than prototyping, which is what the startup says most people use it for today. This has been one focus for the company, and Osika recently said that businesses were driving significant revenue from projects built with Lovable. The startup says more than 10 million projects have been created on Lovable to date. The $100 million ARR club isn't large, especially in Europe, but it is growing thanks to tailwinds from all things AI. In April, Nvidia-backed B2B AI video platform Synthesia, also surpassed that milestone — though it was founded in 2017, not late 2024. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
6 days ago
- Business
- TechCrunch
Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone
Less than a week after it became Europe's latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers. With only 45 full-time employees, and 14 open positions on its careers page, that makes for an impressive employee-to-revenue ratio. Subscriptions seem to be driving the bulk of Lovable's revenue, but the company isn't prioritizing sales at all costs. Shortly after Lovable said it had reached ARR of $75 million in June, its CEO Anton Osika wrote on X that Lovable had 'lost $1.5 million ARR in a single day' because it had moved all users on its Team tier to its less expensive Pro tier, which now also accommodates collaboration. The Teams plan is now being replaced by a Business tier, which sits between the Pro and custom Enterprise offerings. The new plan offers business-focused features such as self-serve, Single Sign-On (SSO), templates, private projects that won't be visible to the entire team, and the option to opt-out from having your data be used for training. Lovable already has a slate of large customers like Klarna, Hubspot and Photoroom, but there are still notable barriers and concerns around vibe coding among enterprises — where the big money is. This new tier could help Lovable find intermediary use cases and drive more businesses to use its tools for more than prototyping, which is what the startup says most people use it for today. This has been one focus for the company, and Osika recently said that businesses were driving significant revenue from projects built with Lovable. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW The startup says more than 10 million projects have been created on Lovable to date. The $100 million ARR club isn't large, especially in Europe, but it is growing thanks to tailwinds from all things AI. In April, Nvidia-backed B2B AI video platform Synthesia, also surpassed that milestone — though it was founded in 2017, not late 2024.
Yahoo
18-07-2025
- Business
- Yahoo
AI startup Lovable soars to $1.8bn valuation with new funding
Swedish AI company Lovable has reached a valuation of $1.8bn (Skr17.5bn) following a $200m fundraising round. According to a Bloomberg report, the development positions Lovable as Europe's latest unicorn. The funding round was led by Accel and saw participation from existing investors including 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club. In June 2025, it was reported that Lovable was holding discussions with US investors to secure at least $100m in funding. In February 2025, the startup raised $15m in a pre-series A funding round led by Creandum. Founded in 2023, Lovable provides technology that enables users to create apps and websites without needing programming expertise. Similar to platforms such as Cursor, Lovable uses large language models to assist users in developing websites and applications through natural language. The company is part of the growing 'vibe coding' sector, which is gaining attention from both investors and customers. The startup, based in Stockholm, claims to have more than 2.3 million active users. The recent investment is expected to be used to expand its team and enhance its product offerings to support the development of more complex applications and websites. In a LinkedIn post, Lovable founder and CEO Anton Osika confirmed the fundraising. 'We're not just democratising code. We're helping everyone realise they have things to build,' he said. Last month, Lovable introduced Agent Mode in beta, a feature designed to autonomously manage tasks such as thinking, planning, and taking actions. The company claims that this upgrade reduces build error rates by 90% and minimises unwanted changes, ultimately improving user goal achievement. "AI startup Lovable soars to $1.8bn valuation with new funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Lovable becomes a unicorn with $200M Series A just 8 months after launch
Fast-growing Swedish AI vibe coding startup Lovable has become Europe's latest unicorn. 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. 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.
