Source of this article and featured image is TechCrunch AI. Description and key fact are generated by Codevision AI system.
Lovable, a Swedish AI coding platform, has achieved a 100% increase in its annual recurring revenue (ARR) to $200 million within four months, according to CEO Anton Osika. The company surpassed $100 million in ARR just eight months after its launch, highlighting rapid growth in the European tech scene. Osika emphasized that remaining in Europe rather than relocating to Silicon Valley was critical to their success, despite initial advice suggesting otherwise. The team leveraged local talent and a strong mission to build a global AI company, while also benefiting from Europe’s slower but more focused market. The article, authored by Rebecca Szkutak, underscores how community engagement and strategic location choices drive startup growth.
Key facts
- Lovable’s ARR doubled to $200 million in four months, marking a 100% growth from its $100 million milestone in July 2025.
- CEO Anton Osika attributes the company’s success to its decision to stay in Europe instead of relocating to Silicon Valley.
- The startup attracted top talent from U.S. companies like Notion and Gusto by establishing an in-person presence in Stockholm.
- User communities, particularly active on Discord, have significantly contributed to product development through ongoing feedback.
- Lovable raised over $225 million in venture funding, including a $200 million Series A round led by Accel, valuing the company at $1.8 billion.
