Lovable, a fast-growing Swedish AI startup that enables users to build full-stack web apps from simple prompts, is reportedly finalising a $150 million+ funding round that would value the company at around $2 billion.
The round is said to be led by Accel, with participation from Creandum and 20VC, just months after Lovable raised $15 million in February 2025 in what it described as a “pre-Series A” round led by Creandum. Other early investors include Antler and Visionaries Club, along with notable angel investors such as Charlie Songhurst (Meta), Adam D’Angelo (Quora), and Thomas Wolf (Hugging Face).
Although founded in 2023, Lovable released its AI-powered web app development tool in late November, and by May 2025, CEO Anton Osika announced that the company had reached $50 million in annual recurring revenue (ARR) — an unusually rapid trajectory for a company less than a year post-launch. By early July 2025, sources report ARR has reached $75 million. Lovable claims over 500,000 users and 30,000 paying customers as of February 2025, with users building 25,000 new products daily.
Lovable meshes vibe coding with generative UI development
Lovable’s core product allows users to build complete web applications using natural language prompts. The platform handles frontend (often via React), backend, and database integration (commonly with Supabase), placing it in direct competition with tools like Replit and Bolt. Lovable’s tech stack leverages multiple AI models, including those from OpenAI, Anthropic, and Google.
Pricing starts at $25/month for 250 credits, with users charged on a usage-based model. One Reddit user reported building a 29,000-line codebase with Lovable for $250. A free tier offers 30 credits per month for public projects only, while paid plans (Pro, Teams, Enterprise) provide more credits, support for private projects, and advanced features such as custom domains and centralised billing.
The startup recently launched a beta AI agent capable of autonomously editing code, reading project files, and debugging. This agent is priced dynamically, charging more credits as tasks increase in complexity, mirroring a broader trend in AI tool monetisation, where usage-based pricing reflects compute costs incurred from model providers such as OpenAI and Anthropic.
Users praise Lovable for its speed and accessibility but note limitations with advanced logic, occasional AI misinterpretations, and backend integration hiccups, mainly with Supabase. Credit-based pricing can be restrictive for highly iterative or complex projects, potentially resulting in higher costs.
Lovable’s journey from seed to growth in under a year
With this upcoming raise, Lovable is transitioning rapidly from early-stage startup to a growth-stage business. While its earlier rounds were loosely labelled, the new round reflects a major step-up in institutional backing, valuation, and growth expectations.
The speed of Lovable’s expansion has drawn attention from investors looking for scalable AI infrastructure plays, particularly those with immediate monetisation pathways and consumer-ready interfaces. Its rapid ARR growth and aggressive product rollout position it as one of Europe’s breakout AI startups of 2025.
Accel, Creandum, 20VC, and Lovable have not yet publicly commented on the reported funding round. However, the scale and speed of Lovable’s trajectory suggest a significant shift in investor appetite toward high-velocity, verticalised AI platforms. Lovable was founded by Anton Osika, a former engineer at CERN and Sana Labs, and Fabian Hedin, who previously developed assistive technology for Stephen Hawking. The team is a mix of product engineers, physicists, competitive programmers, and serial founders.
