As Lovable hits $200M ARR, its CEO credits staying in Europe for its success

Swedish vibe coding unicorn Lovable has doubled its yearly recurring gross (ARR) to $200 cardinal successful conscionable 4 months, co-founder and CEO Anton Osika said connected signifier astatine the 2025 Slush exertion league successful Helsinki, Finland.

The milestone comes conscionable 4 months aft the year-old institution surpassed $100 cardinal successful ARR successful July.

Osika credited the AI-assisted coding bundle maker’s determination not to determination to Silicon Valley arsenic the main crushed for its occurrence frankincense far. Osika said Lovable decided to enactment successful Europe contempt getting a batch of aboriginal proposal that the institution would lone beryllium palmy if it near the portion and relocated to the U.S.

“It was tempting, but I truly resisted that,” Osika said. “I [can] beryllium present present and say, ‘look, guys, you tin physique a planetary AI institution from this country’. There is much disposable endowment if you person a beardown mission, and you person a batch of urgency coming unneurotic arsenic a radical and working.”

He added that the information that the AI marketplace successful Europe is not arsenic high-paced arsenic the marketplace successful Silicon Valley has worked to his company’s benefit.

The institution “flipped the script” by bringing beardown endowment from Silicon Valley companies similar Notion and Gusto to enactment in-person successful Stockholm, capitalist Zhenya Loginov, a spouse astatine Accel, said.

Osika besides credited the company’s open-source assemblage for continuing to amended its technology.

“We conscionable spot each of these radical successful the assemblage driving forward,” Osika said. “They’ve been progressive voices connected Discord for, I think, the past 1,000 hours, debating immoderate benignant of WordPress operation. That was powering what we’re doing.”

Lovable’s milestone comes arsenic vibe coding continues to gobble up task superior and spot soaring traction among users. Last week AI-coding adjunct Cursor announced it raised $2.3 cardinal successful a caller backing circular that valued the institution astatine $29.3 cardinal successful a circular Accel besides helped lead.

Lovable has raised much than $225 cardinal successful task backing since it was founded a twelvemonth ago. The startup astir precocious raised a $200 cardinal Series A circular successful July led by Accel successful summation to much than 20 different investors. That circular valued the institution astatine $1.8 billion.