Stockholm-based Lovable, the AI platform that lets anyone build end-to-end software by talking to AI, today announced that it has just surpassed $100 million (€85 million) in ARR in just eight months, and has amassed more than 2.3 million active users – making it the fastest software company to grow from $1 million (€852k) to $100 million (€85 million) of all time, faster than OpenAI, Cursor, and Wiz.
Last week, Lovable announced it had closed a €170 million Series A led by Accel, with participation from existing investors including 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club. The round valued Lovable at €1.5 billion and marked one of the largest Series A rounds ever raised by a European company.
Anton Osika, CEO and Co-founder of Lovable, comments, “The biggest barrier to building businesses is coding. 99% of people have great ideas and can execute on a business, but they don’t know how to write code. Lovable means anyone can go from idea to software in minutes. Despite our rapid growth, we are still just beginning to understand what this means for people and businesses around the world. AI is unlocking the potential for people to build easily, create new companies at an unprecedented rate, and have a positive impact on the world.”
Since launching at Slush in November 2024 by Anton Osika and Fabian Hedin, Lovable has reportedly become the fastest-growing software company in the world. To date, more than 10 million projects have been created on Lovable; more than 100,000 are now being created each day.
Lovable also announced that it is now fully agentic, which gives Lovable reasoning capability to think through problems, make plans, and proactively take actions like a real developer. Meaning it can now interpret a request, explore the users’ codebase, make the right changes and fix issues along the way. This means that customers can now tackle larger, more complex projects faster.
This upgrade significantly raises the ceiling of what people can build with Lovable while reducing errors by 91%.
Fully agentic Lovable can now:
- Search the web in real-time to fetch documentation, content, images, or even screenshots needed to complete a task.
- Generate and edit images for the project.
- Inspect logs and network activity to identify and debug errors without users manually feeding in errors.
- Search a codebase to locate the exact files, functions, or components it needs.
- Read files on demand to understand an app’s structure and edit with full context.
Lovable says their rapid growth is testament to the response it has received from users. Unlike AI coding tools for professional developers, Lovable focuses on making software creation accessible to everyone. Both technical and non-technical people are building production-grade applications and hosting them on Lovable.
Lovable has also launched a new Business Plan, which gives users enterprise-grade security, privacy, and control.
The Lovable Business Plan now includes:
- Templates: Reuse components and maintain consistent styles across projects.
- Self-serve SSO: Manage workspace access at scale using an identity provider.
- Private projects: Explore ideas without sharing them with the other team members.
- Data opt-out: Data won’t be used for analytics or internal evaluation upon opt-out.
Enterprise customers, including Klarna, Hubspot, and Photoroom, are already building with Lovable.
Read the orginal article: https://www.eu-startups.com/2025/07/swedens-lovable-becomes-fastest-growing-software-company-ever-by-skyrocketing-to-100-million-arr-in-8-months/
