Lovable, one of many darlings of the vibe-coding world and considered one of Europe’s fastest-growing AI startups, is engaged on elevating a recent spherical of over $150 million at a close to $2 billion valuation, the Financial Times reports.
The increase and big step up in valuation comes simply months after the Swedish startup raised a $15 million spherical led by Creandum in February. The corporate described that spherical to TechCrunch as “pre-Sequence A,” however with numbers this massive, it’s secure to say that Lovable has jumped from seed rounds to priced development rounds, regardless of the serial alphabetic label must be. Accel is alleged to be main this new increase, with Creandum and others like 20VC taking part.
Whereas the corporate is technically two years outdated, based in 2023, it launched its net app-building product in late November. In Could, Lovable CEO Anton Osika tweeted that Lovable hit $50 million in ARR in six months.
Lovable, like opponents Replit and Bolt, builds complete net apps from an preliminary textual content immediate, together with a person interface/entrance finish (typically by way of the favored UX coding device React) and related to a database like Supabase. Some customers say it’s inexpensive, beginning at $25 a month for 250 “credit.” One Reddit user documented an app with 29,000+ strains of code and dozens of features constructed for $250.
On Monday, Lovable announced that it was releasing a beta model of an AI agent that would automate extra duties like enhancing code after studying undertaking recordsdata or debugging. Lovable will cost on a usage-based mannequin for this: The extra the agent is requested to do, the extra credit it’s going to cost.
Whereas this will likely improve charges for customers in the event that they flip over their app administration to the agent, this pricing mannequin is shaping as much as be the default enterprise mannequin for brokers. It is because the AI startups themselves need to pay variable charges to mannequin suppliers like OpenAI or Anthropic. All this to say, such enterprise mannequin methods would make traders completely satisfied.
Accel, 20VC, and Lovable didn’t reply to a request for remark.