Lovable, one of the beloved world of Vibe coding and one of the fastest growing AI startups in Europe, is working on collecting a recent round price over $ 150 million with a valuation of almost $ 2 billion, and a valuation of almost $ 2 billion, and a valuation of almost $ (*2*)Financial Times reports.
The increase and the gigantic number of valuation appears only a few months after the Swedish startup collected in February in February in February by Creandum. The company described this roundness to TechCrunch as “before the series”, but with such large numbers, you possibly can safely say Sympathetic It jumped from the seed rounds to the price of rounds of growth, regardless of the serial alphabetical label. It is said that ACCEL is running this recent increase, with Creandum participation and other comparable to 20 VC.
While the company is technically two years, founded in 2023, at the end of November it released its product building online applications. In May, the sympathetic general director Anton Osika wrote on Twitter This sympathetic reached $ 50 million in ARR in six months.
The charming, like the replication of competitors and Bolt, creates entire web applications from the initial text line, including the user/front interface (often using the popular UX React coding tool) and connected to the database, comparable to Supabase. Some users say it is inexpensive, starting from USD 25 per 30 days for 250 “loans”. One Reddit user I documented the application with over 29,000 code lines and dozens of functions built for USD 250.
On Monday, Lovable announced That she has released the beta version of the AI agent, which could automate more tasks, comparable to the code edition after reading the project files or debugging. Lovable charges a fee for a model based on use: the more the agent is asked for it, the more loans he’ll charge.
Although this may occasionally increase fees for users, if they transfer application management to the agent, this price model is a default business model for agents. This is due to the incontrovertible fact that AI startups themselves have to pay variable fees for modeling suppliers, comparable to OpenAI or Antropic. All this to say, such strategies of the business model would make investors satisfied.
ACCEL, 20VC and Lovable didn’t answer the request for comment.