Lovable AI Raises $15M After Explosive App Growth, Reaching $17M ARR
Sweden's Lovable AI, enabling no-code app creation, secures $15M after hitting $17M ARR and 500,000 users.
Matilda
Lovable AI Raises $15M After Explosive App Growth, Reaching $17M ARR
Using generative AI to create software has been possibly the largest use case since it first appeared a couple years ago. But platforms like Cursor and Copilot are mostly confined to a world inhabited by trained engineers. Image Credits:Lovable team (Rights: Anton Osika) Lovable, a Swedish AI startup, reached the front page of both Product Hunt and Hacker News last year after allowing anyone to create apps very easily, just using prompting. It has now raised $15 million in a pre-Series A round led by Creandum. Lovable enables anyone to build what it calls production-ready software without needing coding knowledge. In addition to building prototypes and websites, its GPT Engineer can ship fully functional web apps. It now claims to have 500,000 users who are building over 25,000 new products daily and says its financials are growing, too. According to the Lovable, it has now reached $17 million in annual recurring revenue, after scaling to 30,000 pay…
