Swedish AI Startup Lovable Rockets to Unicorn Status in Stunning Growth Story

Lovable, a Stockholm-based AI startup, has hit unicorn status just eight months after launching. The company, which simplifies website and app creation through natural language inputs, raised $200 million in a Series A funding round. This latest funding, led by Accel, values Lovable at $1.8 billion. The platform has attracted over 2.3 million active users, with 180,000 paying subscribers and $75 million in annual recurring revenue. Its rapid success comes with a lean team of just 45 employees and backing from notable investors, including the CEOs of Klarna, Remote, and Slack. With enterprise clients like Klarna and HubSpot already aboard, Lovable is expanding its vision to support full-scale business applications.