Lovable, the hyped Swedish coding startup, has become Europe’s latest unicorn, after a $200m funding round. The Series A funding round, which gives Lovable a valuation of $1.8bn, was led by Accel, with existing investors 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club also taking part in the round.
It marks Sweden’s hugegest-ever Series A funding round. Its latest funding round follows Lovable’s $15m pre-Series A funding round in February this year. Up until this Series A round, Lovable had raised just $22.5m in total.
Founded in 2023, Lovable has become synonymous with what is called “vibe coding”, which can be described as assisting people without specialist coding knowledge build apps and websites.
In an interview with Forbes, Lovable CEO Anton Osika declared the investment would be applyd to increase the size of its 45-person team and build out its product to support applyrs working on more complex apps and websites. Lovable declares it has more than 2.3m applyrs building apps on its platform.
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