What is Lovable?
Turn a text prompt into a full-stack web application in seconds
- Category
- AI Development Platform
- Headquarters
- Stockholm, Sweden
- Founded
- November 2023
- Employees
- ~500+ (mid-2026)
- Total Funding
- ~$552.5M (Series C in talks)
- Valuation
- $6.6B (December 2025); $12B targeted (June 2026)
What is Lovable?
Lovable is a Stockholm-based AI-powered full-stack development platform that converts natural language prompts into production-ready web applications — no coding required. Founded in November 2023 by Anton Osika and Fabian Hedin, the company hit $500M in annualized recurring revenue by early 2026 with over 8 million users, making it one of the fastest-growing software businesses in recorded history. As of June 2026, Lovable is reportedly in talks to raise a new round at a $12 billion valuation.
Lovable grew out of GPT Engineer, an open-source project Anton Osika created in mid-2023 that became one of GitHub's fastest-growing repositories with 54,000+ stars. The commercial product launched in November 2024 under the Lovable brand and reached $100M ARR in just eight months — faster than OpenAI, Cursor, or any other software company on record at the time. Enterprise customers including Klarna, Uber, HCA Healthcare, and Zendesk now use the platform. Roughly 80% of Lovable's 8M+ users self-identify as non-technical, underscoring the platform's positioning as a replacement for developer hire cost rather than a developer productivity tool.
The platform generates a complete React + TypeScript frontend, Supabase-powered backend, authentication, and database schema from a plain-English description. Lovable supports Agent Mode (autonomous multi-step development), Visual Edits (Figma-style click-to-modify), real-time collaboration for up to 20 simultaneous users (introduced in Lovable 2.0, February 2026), GitHub bidirectional sync, Stripe payments integration, and custom domain deployment. Over 50 million projects have been built on the platform, generating more than 720 million monthly visits to Lovable-hosted applications.
The company raised $330M at a $6.6B valuation in December 2025, led by CapitalG and Menlo Ventures' Anthology fund, with strategic participation from NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, HubSpot Ventures, Atlassian Ventures, Khosla Ventures, DST Global, EQT Growth, T.Capital (Deutsche Telekom), and Kinship Ventures. With approximately 146 employees generating ~$500M ARR as of early 2026 (~$2.77M ARR/employee), Lovable's revenue-per-employee ratio ranks among the highest ever recorded for a growth-stage software company. By mid-2026 headcount had grown to an estimated 500+ as the company scaled into its enterprise push.
What does Lovable offer?
Lovable offers an AI-first full-stack app builder with integrated backend, collaboration, and deployment tooling — no separate infrastructure setup required.
- AI App Builder· Core Product
- Agent Mode· Core Product
- Plan Mode· Core Product
- Visual Editor· Core Product
- Real-Time Collaboration (up to 20 users)· Core Product
- Lovable Cloud (Managed Backend)· Infrastructure
- Supabase Integration· Infrastructure
- GitHub Bidirectional Sync· Developer Tools
- Stripe Payments Integration· Developer Tools
- Custom Domain Deployment· Deployment
- Enterprise SSO & Audit Logs· Enterprise
- SCIM Provisioning· Enterprise
- MCP Server Support· Integrations
- Figma Import· Design
- Template Library· Onboarding
- Subagents (Multi-task Parallel)· AI Features
How does Lovable make money?
Lovable operates a freemium subscription model with per-seat and usage-based (credit) pricing, layered from a free tier up through a quote-based Enterprise plan. Revenue is driven by the combination of subscription fees and AI message credit consumption per generation request.
The Free plan provides 5 AI message credits per day (30/month), hosts projects on Lovable subdomains, enforces Lovable branding on published apps, and limits users to public projects. The Pro plan at $25/month (billed monthly; approximately $21/month on an annual plan) unlocks 100 messages/month, custom domain deployment, private projects, and branding removal. The Business plan at $50/month adds team access controls, centralized billing, priority support, data-training opt-out, and higher credit allocations. The Teams plan at $30/user/month provides shared workspaces, role-based access controls, and collaborative project management for groups.
Enterprise is quote-based and adds SSO, SOC 2 attestation, SCIM provisioning, audit logs, dedicated support, and custom credit allocations. This tier targets large organizations — Lovable has reported that over half of the Fortune 500 cohort now uses its platform. All paid plans include $25/month in free Lovable Cloud hosting credits and $1/month in free AI usage credits. Annual billing saves roughly 16% across all tiers.
Growth is fueled by strong bottom-up viral adoption: every app deployed on Lovable infrastructure visually links back to the platform, providing continuous top-of-funnel. The company reported 85%+ Day-30 retention as of mid-2025, a figure that anchors the economics of low-CAC freemium conversion. With ~$500M ARR at approximately 146 employees at the time of measurement, the unit economics are among the most capital-efficient in SaaS history. Lovable's enterprise push in 2026, funded by the $330M Series B, is actively adding formal land-and-expand motion on top of the existing product-led growth engine.
Who leads Lovable?
Lovable is led by co-founders Anton Osika (CEO) and Fabian Hedin (CTO), joined by Andy Toung as Head of Finance, Business & Operations — a team combining deep AI research, product engineering, and high-growth scaling experience.
- Anton OsikaCo-Founder & CEONovember 2023 – presentFormer founding engineer at Sana Labs and co-founder/CTO of YC-backed Depict.ai ($20M raised); created GPT Engineer (54K+ GitHub stars) that became the basis for Lovable. Estimated net worth ~$1.6B as of 2026. KTH Innovation Award 2025 recipient.
- Fabian HedinCo-Founder & CTONovember 2023 – presentFormer frontend engineering lead at Depict.ai; previously developed computer-interface technology for Stephen Hawking and worked with ex-SpaceX engineers on wheelchair accessibility solutions. Co-founded TenFAST (proptech). At 26, considered one of Europe's youngest self-made billionaires following the $6.6B Series B. KTH Innovation Award 2025 recipient.
- Andy ToungHead of Finance, Business & OperationsOctober 2025 – presentEmployee #28 at Gusto, where he served as CFO and later Chief Strategy Officer, scaling the company from $1M ARR to 400,000+ customers at a ~$10B valuation. Directly relevant scale playbook for Lovable's current enterprise expansion phase.
How do you contact Lovable's leadership?
Lovable's verified email pattern is first-name only at lovable.dev (e.g., anton@lovable.dev), used by the majority of staff per RocketReach. A first.last variant also exists for some staff. The addresses below follow the verified company format; only support@lovable.dev is a publicly confirmed alias.
[first]@lovable.devHow much funding has Lovable raised?
Lovable has raised approximately $552.5M in equity across four disclosed rounds as of June 2026, at a last-known valuation of $6.6 billion (December 2025). As of early June 2026, reports indicate the company is in talks to raise a new round at a $12 billion valuation — though no terms have been finalized. This trajectory makes Lovable one of the most rapidly-valued European technology startups in history.
The company's first external capital was a €6.8M (~$7.5M) pre-seed round in October 2024, led by Hummingbird Ventures and byFounders, with angel participation from DeepMind alumni, Shopify's Siavash Ghorbani, Voi's Fredrik Hjelm, and Creandum co-founder Stefan Lindeberg. This funded the public rebrand to Lovable and the November 2024 product launch. The company deployed only approximately $2M of this capital before reaching $17M ARR.
In February 2025, Lovable closed a $15M pre-Series A led by Creandum, with Visionaries Club and notable angels including Charlie Songhurst (Meta board), Adam D'Angelo (Quora/OpenAI board), Thomas Wolf (Hugging Face), and Eric Bernhardsson (Modal). At announcement, the company had 500,000 users, 30,000 paying customers, and $17M ARR — all on just ~$2M deployed. In July 2025, Lovable raised a $200M Series A led by Accel at a $1.8B valuation, with participation from 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club. The company reported $75–100M ARR and 2.3M active users at close.
The Series B closed December 18, 2025: $330M led by CapitalG (Google's independent growth fund) and Menlo Ventures' Anthology fund at a $6.6B valuation — a more than 3.6x increase in valuation in five months. New strategic investors included NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, and Kinship Ventures, alongside returning investors Accel, Creandum, and Evantic. The company had reached $200M ARR at close and reported 100,000+ new projects built daily. Total disclosed funding stands at approximately $552.5M across 4 rounds from 45+ investors. As of June 2026, reports indicate Lovable is in active discussions for a further round at a targeted $12B valuation.
How did Lovable get here?
Lovable went from an open-source side project to a $6.6B-valued company in under two years — a trajectory defined by viral open-source traction, a rapid commercial pivot, and an ARR growth curve that broke every prior software record.
- June 2023GPT Engineer launched on GitHubAnton Osika releases GPT Engineer as an open-source CLI. The repo goes viral, reaching 54,000+ stars and becoming one of the fastest-growing AI repositories on the platform. Osika begins exploring commercialization.
- November 2023Lovable AB formally incorporatedAnton Osika and Fabian Hedin incorporate Lovable AB in Stockholm. The first commercial web version (initially called GPT Engineer App) ships. Gains organic traction on Product Hunt and Hacker News.
- October 2024€6.8M (~$7.5M) Pre-Seed raisedHummingbird Ventures and byFounders lead the pre-seed. The company rebrands from GPT Engineer to Lovable in December 2024 and relaunches publicly. Only ~$2M of the pre-seed is deployed before the company hits $17M ARR.
- February 2025$15M Pre-Series A; 30K paying customers; $17M ARRCreandum leads a $15M round. Lovable simultaneously announces 30,000 paying customers, 500,000 total users, and $17M ARR — all achieved on minimal capital. Angels include Adam D'Angelo, Charlie Songhurst, and Thomas Wolf.
- July 2025$200M Series A at $1.8B valuation — unicorn statusAccel leads the $200M Series A, valuing Lovable at $1.8B just eight months after public launch. The company reports $75–100M ARR and 2.3M active users. Lovable claims the fastest path to $100M ARR in software history.
- October 2025Andy Toung joins as Head of Finance & OperationsAndy Toung (former Gusto CFO and Chief Strategy Officer) joins as employee #1 in a formal finance leadership role, signaling preparation for enterprise expansion and eventual IPO-readiness.
- December 2025$330M Series B at $6.6B valuation; $200M ARRCapitalG and Menlo Ventures lead a $330M Series B. Strategic investors include NVIDIA, Google, Salesforce, Databricks, HubSpot, Atlassian, and Khosla Ventures. The company hits $200M ARR and 25M+ total projects built. Valuation triples in five months from Series A.
- February 2026Lovable 2.0 launches; real-time multi-user collaborationLovable 2.0 ships with real-time collaboration for up to 20 simultaneous users — the platform's most significant product milestone since launch.
- March 2026$500M ARR; 50M+ projects; 146 employeesLovable announces it added $100M ARR in a single month (February 2026) with only 146 employees (~$2.77M ARR per employee). Over 50 million projects created; 720M+ monthly visits to Lovable-hosted apps.
- June 2026Series C rumored at $12B valuation; headcount ~500+Reports emerge that Lovable is in talks to raise a further round at a $12 billion valuation — nearly doubling its last known valuation. No terms finalized as of the report date. Headcount has grown to an estimated 500+ as the enterprise sales organization scales.
Who are Lovable's competitors?
Lovable operates in the fast-growing AI app-building and vibe-coding market, competing with platforms ranging from browser-based sandboxes to AI code editors and cloud development environments.
- Bolt.new (StackBlitz)Browser-based full-stack sandbox with strong out-of-the-box speed; raised $105.5M Series B at $700M valuation (January 2025). Targets a similar non-technical builder audience at a lower entry price point than Lovable. Narrower enterprise feature set.
- Cursor (Anysphere)AI code editor targeting professional developers in existing codebases. Reached $2B+ ARR by early 2026 and raised at a $29.3B Series D valuation (November 2025). Skews heavily technical — not competing for the 80% non-coder market that Lovable leads.
- v0 by VercelUI-generation tool that excels at React component output from text or screenshots; tightly integrated into the Vercel deployment platform ($3.3B valuation). Weaker than Lovable on full-stack backend generation and collaboration.
- ReplitCloud-based collaborative IDE with agentic AI and broad multi-language support; $1.2B valuation. Stronger for learning environments and multi-language projects. Less polished for rapid no-code prototyping at Lovable's deployment speed.
- Windsurf (Cognition)AI code editor originally from Codeium; OpenAI's ~$3B acquisition deal collapsed in 2025. Google acquired key leadership talent; Cognition acquired the product and IP for ~$250M (December 2025). Now focused on agentic developer workflows under Cognition's ownership.
- GitHub Copilot (Microsoft)Inline AI coding assistant embedded across the GitHub ecosystem; broadest distribution via Microsoft/Azure. Targets augmenting existing developers, not enabling non-coders — a different buyer profile from Lovable's core audience.
Lovable — frequently asked questions
