Stockholm-based “vibe coding” startup Lovable, an AI platform that turns prompts into apps and websites, tops this year’s Sifted Rising 100, which ranks Europe’s most promising business-focused software companies valued under $1bn — sponsored by Sapphire Ventures and Lazard.
Second place goes to London-based AI software development tool Tessl, a platform that developers and their teams can use to create and maintain software. Third spot is taken by Paris-based AI infrastructure site FlexAI, an on-demand cloud service for AI training.
Lovable, one of Europe’s hottest AI newcomers, is the company no one could ignore this year. In May, about six months after the company launched its first product, Lovable founder and CEO Anton Osika announced the company had topped $50m in annual recurring revenue (ARR).
Osika has said that the company’s ARR has since risen to $75m, a figure that cements its spot among the fastest growing European tech startups ever. Lovable has raised $22.5m and according to Bloomberg is in talks to raise more, which would likely see the company hit a unicorn valuation.
The enterprise software category contributes a third of the Rising 100 companies, followed by “AI-native” companies (27), fintech (24) and climate tech (7). Deeptech and healthtech follow with six companies each.
The full Rising 100 report, exploring sectors, countries, trends and standout companies, is here.
Germany overtakes UK
This is the fourth edition of Sifted’s B2B SaaS Rising 100 and the first time Germany, with 26 companies on the ranking, has overtaken the UK (24).
Still, London remains the most popular city for the Rising 100, home to all 24 UK companies, but its lead is shrinking as Paris (20) and Berlin (15) gain ground. Stockholm, which has attracted a lot of AI attention this year, has two companies in the top 10.
This year sees a lot of newcomers to the ranking: among them, young AI companies like Germany’s Black Forest Labs (5th) and London’s Unlikely AI (34th). A few of our highest-ranked companies are still in beta or flying under the radar, making them harder to evaluate but impossible to ignore.
Thirty-nine companies return from last year’s Rising 100 cohort. Amsterdam AI company Weaviate, which specialises in vector databases which help to draw relationships between unstructured data, makes the biggest leap this year, rising 71 spots from 94th in 2024 to 23rd in 2025.
VC firm Kima Ventures is the most active investor in this year’s cohort, backing 11 of the 100 companies — 10 more than the VC backed last year. Following close behind are Accel (10), Speedinvest (10), Balderton (9) and Index Ventures (9).
Digital coaching tool CoachHub (65th on the ranking) is the most well-funded startup in the 100, having raised €358m. Patient21 (91st), a digital healthcare platform for clinics, follows with €230m raised. Third is digital banking provider Juni (99th) with €182m.
Sifted compiled an initial list of 640 B2B SaaS startups headquartered in Europe or Israel that met a number of criteria (outlined in full in the report). A panel of judges, comprising editorial director John Thornhill, editor Amy Lewin, head of research Jonathan Sinclair and senior intelligence analyst Federico Scolari, then whittled the list down to 100.
The top 10
- Lovable — vibe coding platform for individuals and companies
- Tessl — a platform that developers and their teams can use to create and maintain software
- FlexAI — on-demand cloud service for AI training
- N8n — workflow automation platform for technical teams
- Black Forest Labs — Develops image-generating AI models
- Legora — AI platform that helps lawyers in their day-to-day work
- Tacto — Software to help SMEs manage supply chains
- Photoroom — A tool powered by GenAI for photo editing
- Port — A platform for building internal developer portals
- Vertice — “Spend optimisation” platform that promises to save companies money on their SaaS and cloud bills
Read the orginal article: https://sifted.eu/articles/swedish-vibe-coding-hotshot-lovable-tops-sifteds-b2b-saas-ranking/
