Lovable AI startup nears $150M funding at $2B valuation

Lovable, one of Europe’s fastest-growing AI startups and a standout in the vibe-coding space, is reportedly close to securing $150 million in new funding at a $2 billion valuation, according to the Financial Times. This marks a significant leap from its $15 million pre-Series A round led by Creandum in February 2025.

Rapid Growth and Product Success

• Launched its web app-building product in late November 2024.
• Achieved $50 million in Annual Recurring Revenue (ARR) within just six months, as announced by CEO Anton Osika.
• Competes with Replit and Bolt in generating full-stack web apps from text prompts, including front-end (React) and back-end (e.g., Supabase).

Pricing and New Features

• Affordable entry: Starts at $25/month for 250 credits.
• A Reddit user documented building a 29,000+ line app for $250.
• Recently launched AI Agent Mode (beta), automating tasks like debugging and editing. Pricing is usage-based, aligning with industry trends for AI agents.

Investor Interest

• Accel is leading the new round, with participation from Creandum and 20VC.
• The usage-based pricing model for AI agents is appealing to investors, as it mirrors the variable costs paid to providers like OpenAI.

No comments were provided by Accel, 20VC, or Lovable at the time of reporting.