Swedish vibe-coding giant Lovable is reportedly in talks to raise at a staggering $6.3 billion valuation
In just under two years, Lovable, a software company based in Stockholm, has become one of Europe’s fastest-growing startups. Its value has soared to $6.3 billion, making rare decacorn status – a startup valued at over $10 billion – within touching distance.
At the center of this rapid growth are co-founders Anton Osika and Fabian Hedin, who set out to change the way software is built.
Anton, the CEO, first caught attention in 2023 with a popular open-source project called “gpt-engineer.” He teamed up with Fabian, the engineering lead, to turn that early work into Lovable, a tool that builds software from simple, everyday language.
Unlike many no-code tools that help with small parts of an app, Lovable can create complete software solutions, including the user interface, backend, databases, and even hosting.
The big idea behind Lovable is to break down technical barriers. Many people have great ideas but don’t know how to code or don’t have time. Lovable lets anyone describe what they want in natural language, and the software is created automatically.
This opens doors to people outside traditional tech roles and speeds up innovation for businesses big and small.
Since its founding in late 2023 and public launch in late 2024, Lovable has gained millions of users and thousands of paying customers. Early funding rounds brought in around $15 million, largely from Creandum, helping the company grow quickly.
Just eight months after launching publicly, Lovable raised $200 million in a Series A round led by Accel that valued the startup at $1.8 billion. This attracted investors like Sebastian Siemiatkowski and Stewart Butterfield, who believe in the company’s vision.
The road hasn’t been without bumps.
In early 2025, security issues were found in some of the apps built on Lovable’s platform. These vulnerabilities raised concerns about data safety.
Lovable quickly responded by adding tools to scan for these problems and improve security measures, aiming to meet the high standards needed for big enterprise clients.
Secondary market interest has been strong, with early backer Alexandre Berriche noting how valuations shot up from $4 billion to $6.3 billion within months. Bloomberg reports that Lovable’s revenues reached $200 million annually by late 2025.
This growth shows how vibe coding is reshaping an entire industry.
Steven Bartlett is an investor in Founded
