Lovable, a Swedish startup bringing “vibe coding” to the masses, is gearing up for a blockbuster funding round led by Accel that could value the company at around $1.5 billion. Designed to empower non-programmers, vibe coding uses AI to help users create software with minimal traditional coding experience. Lovable’s rapid rise is nothing short of remarkable—it’s already generated $17 million in annual recurring revenue and onboarded 30,000 paying customers in just three months, showcasing strong product-market fit.
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The new round, which would follow a recent $15 million pre-Series A led by Creandum, includes notable names like Charlie Songhurst and Hugging Face’s Thomas Wolf. While not yet finalized, the Accel-led investment reflects growing confidence in Lovable’s ability to democratize software creation and build a global AI-powered dev platform directly out of Europe.
AI investment has largely centered in the U.S., but Lovable aims to break the mold, showing that world‑class AI innovation can and does thrive in Europe. Positioned among competitors like Cursor, Cognition AI, and GitHub Copilot, the company is carving out its niche—making coding accessible to anyone, regardless of technical background.
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With this injection of capital, Lovable is well‑positioned for international expansion, hiring, and further development. As Europe’s AI ecosystem continues to grow, startups like Lovable are shipping real products that challenge the status quo and signal a broader shift in global innovation.
