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Hello followers! Today, let’s dive into the exciting world of Lovable, a game-changing AI company leading the vibe-coding scene. Picture this: full houses at Copenhagen’s Bella Center as Lovable’s co-founder Anton Osika takes the stage. This Swedish startup has been making waves by helping everyone build apps and websites without needing to write code.
Lovable stands out in the AI realm through vibe-coding, a tech that guides AI to generate code, websites, or entire applications, even for those with zero coding skills. In just eight months, they hit over $100 million in annual recurring revenue and secured a hefty $200 million Series A at a valuation of $1.8 billion—the fastest-growing unicorn in Europe! Investors are eyeing a potential Series B, aiming for a $4 billion valuation, but Osika remains focused on the company’s core vision.
The company’s goal is to become the ultimate platform for building software products, guiding founders through every step, from setting up payments to understanding users or even incorporating their business. Recently, they launched an AI agent capable of reading files, debugging, web searching, generating images, and more, bringing them closer to making product development seamless for users.
With over 2.3 million active users, including 180,000 paying subscribers, Lovable’s approach is practical and user-oriented. Osika shares his favorite use cases—like a marketer creating a sales platform or an engineer managing multiple small businesses on the platform. Despite some criticism that AI-generated code can be fragile, Osika emphasizes the importance of reviewing all code—whether AI-produced or human-made—to ensure quality.
Lovable leverages various foundation models, including Anthropic’s Claude and OpenAI’s GPT-5, providing unmatched flexibility and capabilities. Osika sees this as a strategic advantage, helping Lovable grow fast while avoiding heavy infrastructure costs. The key to staying ahead, he says, is maintaining speed, security, and simplicity, building trust with customers every day. After Figma’s recent IPO reaching a $19.3 billion market cap, Osika keeps his focus on delivering the best user experience and listening to their needs.
Deeply rooted in Europe, Lovable was founded in Stockholm, backed by top European investors and angels like Stefan Lindeberg, Fredrik Hjelm, and others. The company’s success shines a light on Europe’s potential in AI and tech, inspiring local founders and investors. Osika plans to keep Lovable in Europe but has a team in Los Angeles, aiming to build a global presence without relocating entirely. His investments in Nordic startups, like Propane.ai, show his commitment to fostering the local tech scene.
As Osika states, with small teams and a global mindset, European startups can compete worldwide. Lovable’s journey encourages ambitious founders across Europe to dream big. So, stay tuned for more innovations from this rising star, and remember—sometimes, tech can be both powerful and fun!
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