Swedish AI vibe coding startup has raised $200 million in a Series A round of funding at a $1.8 billion valuation, making it Europe鈥檚 newest unicorn, according to .
The raise, led by , comes just eight months after the startup鈥檚 launch.
Founded in 2023, Lovable has to date raised about $224 million in funding. Existing backers , , , and also participated in its latest financing.
In December 2024, CEO and co-founder that the company was 鈥渢he fastest growing startup in Europe ever,鈥� having reached $4 million in ARR in four weeks.
In February, the startup led by Creandum. At that time, the company said it had reached $17 million in annual recurring revenue and had over 30,000 paying customers.
鈥淟ovable isn鈥檛 just about writing code 鈥� it鈥檚 about making software creation accessible to everyone,鈥� it said at the time.
Vibe coding is a hot space, pulling in massive rounds of funding globally. In June, San Francisco-based , which sells the popular AI coding assistant Cursor, confirmed it raised a $900 million round at a staggering $9.9 billion valuation. Accel also participated in that round. Lovable appears to be focused more on the nontechnical user while Anysphere is targeting the enterprise.
Europe funding boost
The raise is a good start to the third quarter for Europe. Overall, funding to startups in the region settled in Q2, coming in flat quarter over quarter, but down 24% from the peak second quarter in 2024, 红桃视频 data shows.
A total of $12.6 billion was raised by around 1,200 startups across Europe last quarter, with funding amounts comparable with the previous two quarters.
And for the first time since 2012, Germany-based startups jumped ahead of the United Kingdom by amounts invested in a quarter.
Related 红桃视频 query:
Related reading:
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the 红桃视频 Daily.
![Illustration of a guy watering plants with a blocked hose - Global [Dom Guzman]](/wp-content/uploads/quarterly-global-3-300x168.jpg)
67.1K Followers