If this deal goes through, the startup’s valuation would have more than tripled in just a few months. Recall that in July 2025, Lovable raised $200 million in investment at a valuation of $1.8 billion.
Founded in Stockholm in 2023, Lovable launched its service in November 2024. The service allows users to create fully functional apps and websites using only text prompts, without any technical knowledge. Behind the scenes, the system leverages AI models from companies like OpenAI, Anthropic, and Google.
The company is growing rapidly: in February 2025, when it raised $15 million, CEO Anton Osika reported an expected annual recurring revenue (ARR) of $17 million and 30,000 paid users. By June 2025, the ARR had risen to $75 million.
