Lovable Eyes $150M Funding round, Valuation Nears $2B
Stockholm-based startup, Lovable, is currently in talks to secure $150 million in a new funding round. This investment could value the company at just under $2 billion, according to reports.
Generative AI Platform Attracts Major Investment
Lovable has developed a generative AI platform designed to empower individuals without technical backgrounds. It allows them to create applications and websites using simple text prompts.This innovative approach is attracting meaningful investor interest.
Anton Osika, Lovable’s co-founder, stated in April that their goal was to “build for the 99% who do not create software,” highlighting the platform’s accessibility.
Rapid Growth and Market Impact
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable has experienced rapid growth. Osika recently announced that the company generated $75 million in annual recurring revenue (ARR) within seven months of launching its platform. This makes it one of the fastest-growing startups in Europe.
Osika believes that by enabling non-technical founders to launch successful businesses without coding, Lovable is “unlocking a new economy.”
Europe’s AI Investment Landscape
If Lovable’s funding round is successful, it will rank among Europe’s largest funding rounds of 2025. This highlights the growing investor appetite for AI ventures developed on the continent. Other notable AI investments include Helsing (€600 million) and Isomorphic Labs (€508 million).
There are also reports that the French AI startup Mistral is planning a substantial €1 billion funding round later in the year.
Previous Funding Rounds
Lovable’s potential $150 million funding round represents its largest to date. The startup previously secured €6.8 million in seed funding in October and $16 million in February, according to Dealroom data.
Investor Confidence
Accel, an early investor in Facebook, is reportedly leading this latest funding round. existing investors such as 20VC and Creandum are also expected to participate.
Comparison of AI Funding Rounds in Europe (2025)
| Company | Sector | Funding (approx.) |
|---|---|---|
| Lovable | Generative AI Platform | $150 million |
| Helsing | AI for Defense | €600 million |
| Isomorphic Labs | AI for Drug Discovery | €508 million |
| Mistral (Reported) | AI | €1 billion |
What impact do you think AI platforms like Lovable will have on the future of app development?
How might smaller businesses benefit from accessible AI development tools?
The Broader Impact of Generative AI Platforms
The rise of generative AI platforms like Lovable signals a significant shift in the tech industry. By democratizing access to app and website development, these platforms could empower a new wave of entrepreneurs and small businesses.
Generative AI can substantially reduce development time and costs, allowing individuals with innovative ideas but limited technical skills to bring their visions to life.
Future Trends
- Increased adoption of no-code/low-code platforms
- Greater integration of AI in various industries
- Focus on ethical AI development and responsible use
Frequently Asked Questions About Lovable and Generative AI
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What exactly does the Lovable platform do?
The Lovable platform uses generative AI to allow non-technical users to build apps and websites using simple text prompts.
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Who founded the Generative AI startup Lovable?
Anton Osika and Fabian Hedin founded Lovable in 2023.
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How does this Generative AI funding round compare to others in Europe?
If successful, Lovable’s funding round will be among the largest in Europe this year, reflecting strong investor interest in AI.
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What is the significance of Generative AI for non-technical users?
It empowers them to create applications and websites without needing to code, unlocking new economic opportunities.
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What are the key Benefits of Lovable’s Generative AI approach?
It reduces development time and costs, making it easier for individuals and small businesses to innovate.
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What is the future outlook for Generative AI and platforms like Lovable?
The future involves increased adoption, greater industry integration, and a focus on ethical development and responsible use.
What are your thoughts on Lovable’s potential and the future of AI-driven development? Share your comments below!
