Investors Are Smitten with Lovable

Investor interest is surging for the Swedish vibe-coding startup Lovable, with unsolicited investment proposals valuing the company at over $4 billion, as reported by the Financial Times.

The Times notes that CEO Anton Osika is currently not engaging with this influx of interest, which follows the startup’s recent announcement of a $200 million funding round at a $1.8 billion valuation, spearheaded by Accel.

A spokesperson from Lovable has communicated to TechCrunch that the company is not actively seeking new funding.

Since its launch, Lovable has seen significant growth. In July, it disclosed that its annual recurring revenue has surpassed $100 million, with over 10 million projects launched on its platform.

This impressive ascent of Europe’s most dynamic unicorn comes just nine months after its inception and aligns with heightened investor enthusiasm for vibe-coding startups. Anysphere, the creator of Cursor, secured $900 million in May, more than tripling its valuation to $9 billion.

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