Lovable, one of the Darlings of the world that codes the atmosphere and one of Europe’s fastest growing AI, works to increase a new round of more than $ 150 million in a $ 2 billion valuation, Financial Times reports.
The growth and the giant step upwards come a few months after the Swedish start, set a round of $ 15 million led by Creandum in February. The company described this round to TechCrunch as “Pre-Sea A” but with numbers so large, it is safe to say that Lovable It has jumped from seeds in growth rounds, regardless of the serial alphabetical label. Accel is said to drive this new lift, with Crandum and others such as 20VC.
While the company is technically, founded in 2023, it was released its product for the manufacture of web applications in late November. In May, Lovable CEO Anton Osika Tweeted This lovable hit $ 50 million in ARR in six months.
Looks like the competitors, Replit and Bolt, creates whole web applications from an original text line, including a interpersonal user/front limb (often through the popular UX React coding tool) and connected to a database such as Supabase. Some users say it is affordable, starting at $ 25 a month for 250 “credits”. A Reddit user An application with 29,000+ lines of code and dozens of features made for $ 250 was documented.
Monday, Announced the adorable That it released a Beta version of an AI agent that could automate more tasks such as the editing code after reading work files or errors. Lovable will charge a model based on this: The more the agent is called upon to do, the more credits they will charge.
While this can increase fees for users if they turn their application management to the agent, this pricing model is shaped as the default business model for agents. This is due to the fact that the newly established AI companies themselves have to pay variable fees to model providers such as Openai or Anthropic. All that they say, such business model strategies will make investors happy.
ACCEL, 20VC and Lovable did not respond to a request for comments.
