Swedish AI startup Lovable has officially joined the unicorn club, raising $200 million in a Series A funding round led by Accel, pushing its valuation to an impressive $1.8 billion — just eight months after launch.
Lovable allows users to build websites and apps using natural language prompts, making software development accessible to non-coders and first-time builders. The platform now has over 2.3 million active users, including 180,000 paying subscribers, and has reached $75 million in annual recurring revenue (ARR) in just seven months.
“Today, there are 47 million developers worldwide. Lovable is going to produce one billion potential builders,” said Anton Osika, Co-founder and CEO of Lovable.
The funding round included participation from previous investors such as 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club, alongside angel investors including Slack’s Stewart Butterfield, Klarna’s Sebastian Siemiatkowski, Remote’s Job van der Voort, and HubSpot’s Dharmesh Shah.
Lovable is designed to serve the 99% of people with ideas but no coding skills, enabling them to launch MVPs and applications quickly. Since its launch, more than 10 million projects have been created using the platform.
The startup is also gaining traction among enterprise clients like Klarna and HubSpot, with use cases expanding to full-scale app development. In one example, a Brazilian edtech company generated $3 million in revenue in just 48 hours using an app built with Lovable.
Operating with just 45 full-time employees, Lovable plans to use the new capital to scale its platform, invest in new AI features, and strengthen its global footprint.
“Every day, brilliant founders and operators with game-changing ideas hit the same wall: they don’t have a developer to realise their vision quickly and easily,” Osika added.
Lovable’s meteoric rise positions it as a leading player in the AI-powered, no-code development space — proving that the next generation of unicorns might not just build software, but enable everyone else to build it too.