📝 Lovable becomes a unicorn 8 months after launch

Author

Liam Gill
July 21, 2025

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Swedish AI startup Lovable has become Europe’s newest unicorn, raising a $200 million Series A at a $1.8 billion valuation just eight months after launch. Backed by Accel and a star-studded lineup of investors, Lovable helps users, mostly non-technical, build apps and websites using natural language, similar to Cursor. With over 2.3 million users, 180,000 paying subscribers, and $75 million in annual recurring revenue, the company has experienced rapid growth with a lean team of 45 employees. Already powering 10 million projects, Lovable aims to transition from prototyping to full production-grade app development, boasting enterprise customers like Klarna and HubSpot.

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