Europe’s Lovable Set to Double Valuation with $150M Funding Round

• Lovable is set to raise $150M at a near $2B valuation, led by Accel and existing investors.
• The AI startup surpassed $75M ARR in seven months, with 30,000+ paying customers.
• Lovable’s new AI agent automates coding and debugging, expanding its no-code platform’s capabilities.

Lovable, one of Europe’s fastest-growing AI startups, is in talks to raise over $150 million at a near $2 billion valuation, according to multiple reports.

The Swedish company, founded in 2023, has seen explosive growth since launching its AI-powered web app builder just seven months ago.

This fresh round, led by Accel with participation from Creandum and 20VC, comes only months after Lovable raised $15 million in a “pre-Series A” round in February.

The company’s valuation leap underscores investor enthusiasm for generative AI platforms that enable non-technical founders to build sophisticated software with simple text prompts.

Lovable’s product allows users to generate full-stack web apps—including front ends with React and back ends tied to databases like Supabase—starting at $25 per month. Some users have built complex apps for as little as $250, making the platform a favourite among solo founders and small teams.