Each place at the Bella Center in Copenhagen was full as Anton Osika, a co -founder of the Vibe Lovable coding application, went to the stage at this yr’s TechBBQ conference.
Lovable specializes in helping people creating applications and web sites, especially people without coding. This is one of the COD coding coding in the popular AI category, which allows users to run AI models because they produce code, web sites or entire applications.
It was an attractive proposition for users: in just eight months the Swedish company said that it exceeded $ 100 million in ARR and raised $ 200 million A series A with a valuation of $ 1.8 billion-what makes him the fastest growing unicorn in Europe. Financial Times informed about it Investors already hope to begin the B seriesOffering offers that value a company for $ 4 billion. So far, there is no indication that the sympathetic is interested.
Talking to TechCrunch, Osika presented the vision of Lovable as the best place to build software: a platform that may take users, founders, in particular at all stages of product development. To easier to build AI rachers.
“If you run a company, there are many things you want to configure, such as payments, understanding users, and maybe even how” I have to show on my company, “he said. “I would like my love to assist in all these items.”
At the end of June, nice He published an agent who will help Users read files, debugging errors, search for a network, generate images and locations files – the first step in this vision.
Lovable now has over 2.3 million lively users, of which 180,000 pay subscribers. Osika said that the company selected prices simply by deciding what would help the company cover its own costs. His favorite nice use cases include a marketer building a sales training platform and an engineer running many small firms on the platform.
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“In the past you can create a really great sketch with a nice. Now you can build a full product and more resemble work with a real programmer,” he said.
The code generated by AI was criticized as Too brittle – It is higher suitable for a demo than ready -made products – but Osika says that he is not concerned. The whole code must be checked before its publication, the CEO told us: “Is it AI or generated by man.”
At the moment, Lovable operates in other fundamental models, including in Anthropik Claude and Openai’s GPT-5. Both this relationship, because each anthropic and openai support their very own product development services: Claude Code and Codex respectively. These systems are not exactly the same as nice, but it is easy to assume that either a company with a model is attempting to steal Lovable users using a strategic product change.
So far, she does not seem worried. Techcrunch said that Lovable is simply focusing on building the best product and is in a position to do it by using all the differing kinds of suppliers of AI models, while suppliers have to follow their very own models.
“This puts us in a better position than they”, “he continued, adding that the use of many foundation models gives users” unparalleled possibilities “, and at the same time gives the company the flexibility of rapid growth without carrying the weight of duplicular infrastructure.
“The scope of what you can achieve is constantly developing,” he continued. To overcome the competition, he says that the team focuses on three things: the right way to stay fast and secure, while ensuring an easy user’s experience.
“If we continue to do this, we will build more trust with our clients than anyone else,” he said. “Simple such”.
This is only a month from Figma, one of Lovable’s peers in the application space, launched IPO hits, achieving market capitalization price $ 19.3 billion on the opening day. When asked about Figma, Osika just said that the company is still focusing on creating the best product for its users.
“As long as we listen to our users and give them what they need, that’s all that counts,” he said.
It is already nice is deeply associated with the Swedish technology market. Osika grew up in Stockholm and founded a company there. The company’s investors list, in keeping with Pitchbook, incorporates a list of the best European firms and investors of angels resembling Stefan Lindeberg (Swedish, Nordic Game Ventures); Fredrik Hjelm (Swedish, founder of Guestit), Greens Ventures (Nordic), Hummingbird Ventures (London); 20VC (London, founded by Harry Stebbings, who launched Project Europe to transfer more investments in the ecosystem).
The CEO of Revolut, NIK Storonsky, who is based in Europe, is also an angel investor in the company, like the Swedish founder Sebastian Siematkowski, whose clarna company is also the client of Symible. Other well -known clients are Hubspot and Photoroom.
In the entire conference, investors and founders regretted what the company is in Europe, for the startup ecosystem, in particular.
“The success of Lovable and other European Unicorn AI is a success for all of Europe,” said TechCrunch Shamillah Bangiya, director in Great Britain Dawn Capital. Although there is not an investor, her company has been following Osik as a founder for some time and has invested in other AI firms through Dawn.
“In addition to the direct influence of thousands of Europeans employed by these companies, the greater effect is cultural,” she continued. “He raises the bar for what ambitious founders throughout the continent can dream and achieve.”
Osika said that Symible is planning to remain in Europe, although he has a team in Los Angeles. Many European technology firms eventually migrate to the United States to get larger capital and access to possibilities – but Osika does not think that one of them does not consider one of them.
After the success of Lovable, Osika began to speculate in the founders themselves. Dennis Green-Lieber’s Danish Consumer Intelligence Company, Propane. AiI just received an investment from Osika as part of a $ 1.2 million round. Green-Lieber said that nice proves what many feel in the Nordic scene: additionally they have world-class talent and can play on a global stage.
“Yes, over the past decade we had giants such as Zendesk, Unity, Klaran and Spotify, but nice shows that with small teams, a global way of thinking and relentless effort, you can still build a company defining the category,” he contradicted. “As a founder, I can say that in our ecosystem a fire has lit to see it here at home.”