Founder Anton Osika, who previously worked on Depict.ai and developed technology for Stephen Hawking, aims to democratize software engineering through AI. Lovable's success has drawn comparisons to Spotify, with Creandum's Fredrik Cassel highlighting the strong user enthusiasm for the product. The funding round also included notable angel investors such as Charlie Songhurst, Adam D’Angelo, and Thomas Wolf. The startup's rapid growth and innovative approach position it as a potential leading company in Europe's AI landscape.
Key takeaways:
- Lovable, a Swedish AI startup, enables users to create production-ready software without coding knowledge and has raised $15 million in a pre-Series A round led by Creandum.
- The platform has reached 500,000 users and claims $17 million in annual recurring revenue with 30,000 paying customers, making it one of Europe's fastest-growing startups.
- Lovable's technology combines OpenAI, Google Gemini, and Anthropic to generate software, and it plans to expand integration with third-party services like Supabase and GitHub.
- Founder Anton Osika has a background in developing technology for Stephen Hawking and working with ex-SpaceX engineers, and he aims to provide AI-driven software engineering access to non-coders.