As Lovable hits $200M ARR, its CEO credits staying in Europe for its success
2 days ago
- #AI
- #Startups
- #Venture Capital
- Lovable, a Swedish AI-assisted coding software company, doubled its ARR to $200 million in four months.
- CEO Anton Osika credits staying in Europe, not moving to Silicon Valley, as key to their success.
- Lovable attracted talent from Silicon Valley companies like Notion and Gusto to work in Stockholm.
- The company's strong community of users has been instrumental in improving its technology.
- Lovable has raised over $225 million in venture funding, valuing the company at $1.8 billion.
- The AI-coding sector is booming, with Cursor raising $2.3 billion in a recent funding round.