Swedish AI startup Lovable is reportedly finalizing a funding round exceeding $150 million, valuing the company at approximately $2 billion. The round is expected to be led by Accel, with continued support from Creandum and 20VC, following a $15 million pre-Series A in February 2025.
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable enables users to build full-stack web apps from simple prompts, integrating frontend, backend, and database layers using AI models from OpenAI, Anthropic, and Google. Since launching in late 2024, the platform has reached $75 million in annual recurring revenue and attracted over 500,000 users.
Lovable’s momentum highlights surging investor interest in consumer-ready AI development tools with fast monetization and mass-market potential.
Featured image: Credit: Lovable
