Lovable Raises $200M Series A, Reaches $1.8B Valuation in Eight Months

Stockholm-based AI startup Lovable has become Europe's newest unicorn after raising $200 million in a Series A funding round led by Accel, pushing its valuation to $1.8 billion just eight months after launching. Lovable's platform enables non-technical users to build websites and full-stack applications using natural language prompts, targeting a new category of users who have ideas but lack coding skills. The company has over 2.3 million active users and more than 180,000 paying subscribers, with $75 million in annual recurring revenue. Lovable plans to use the funding to expand its 45-person team and develop its product to support more complex apps and enterprise needs, with clients like Klarna and HubSpot already utilizing the platform. The startup is part of a larger trend in AI-driven code generation tools focusing on accessibility, backed by prominent investors including 20VC, Creandum, and Visionaries Club. Lovable's rapid growth and substantial market traction reflect the increasing investor interest in AI coding assistants and 'vibe coding' technologies aimed at democratizing software creation.