Lovable, a Stockholm‑based AI “vibe‑coding” startup, has rapidly emerged as Europe’s latest unicorn, securing a $200 million Series A round at a $1.8 billion valuation—just eight months after its founding TechCrunch.

The round was spearheaded by Accel and included strong participation from early backers 20VC, byFounders, Creandum, Hummingbird Ventures, and Visionaries Club Sifted. Notably, angel investors like Sebastian Siemiatkowski (Klarna), Stewart Butterfield (Slack), and Nik Storonsky (Revolut) also joined the round.

Lovable’s unique “vibe-coding” platform enables users—especially non-technical creators—to build web apps and software via conversational AI. The company reports 2.3 million total users, with over 180 000 paying customers generating $75 million in annual recurring revenue in just seven months TechCrunch.

Despite its small team of just 45 employees, Lovable has achieved impressive traction: more than 10 million projects have already been created on the platform, including enterprise usage by clients like Klarna, HubSpot, and Photoroom Sifted.

This Series A comes after a $15 million pre-Series A earlier this year, which brought the company to a $17 million ARR with about 30 000 paying users, according to Crunchbase News Crunchbase.

Why it matters: Lovable’s explosive growth underscores the surging demand for accessible, AI-powered software creation tools—the next wave of coding democratization. As Europe's ninth unicorn of 2025, it signals strong investor confidence in “vibe coding” as a new frontier. With this capital, Lovable plans to scale its engineering team, bolster agentic coding features, and expand into new markets and enterprise use cases.