Fundraising Fox

Lovable

Unicorn · $13.3B

Dover, US · Founded 2023 · Delaware corporation · 50 employees · 44 known investors

lovable.dev

Lovable is an AI-powered platform that enables users to build web applications and websites through conversational chat interactions with artificial intelligence.

Also known as GPT Engineer · GPT Engineer App · Lovable Labs Incorporated

AI & Machine LearningCloud ComputingDeveloper ToolsSaaS

Founders & leadership

Lovable was founded in 2023 by Fabian Hedin and Anton Osika.

FHFabian Hedin
Fabian HedininCo-Founder
AOAnton Osika
Anton OsikainCo-FounderInvestor at byFounders
BF
Benjamin FletcherNamed on SEC filing
AT
Andy ToungNamed on SEC filing
MM
Matt MurphyNamed on SEC filing

Investors · 44

Also in the syndicate · 9

CarmignacEQT GrowthEvanticKinship VenturesLTS GrowthRegentScaleup Europe FundleadScaleup Europe Fund (managed by EQT)leadTencent

Reported raises · per SEC filings

Form D private placements

$1B disclosed across 4 of 6 rounds · 2025–2026

$382.5MraisedAug 2026 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anton OsikaExecutive Officer, Director
  • Fabian HedinExecutive Officer, Director
  • Benjamin FletcherDirector
  • Andy ToungExecutive Officer
  • Matt MurphyDirector
Offering amount
$400.2M
Amount sold
$382.5M
First sale
Jul 2026
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$425MraisedDec 2025 · 34 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anton OsikaExecutive Officer, Director
  • Fabian HedinExecutive Officer, Director
  • Andy ToungExecutive Officer
  • Benjamin FletcherDirector
Offering amount
$425.6M
Amount sold
$425M
First sale
Dec 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$192.7MraisedJul 2025 · 40 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Fabian HedinExecutive Officer, Director
  • Benjamin FletcherDirector
  • Anton OsikaExecutive Officer, Director
Offering amount
$193.4M
Amount sold
$192.7M
First sale
Jun 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$20.2MraisedFeb 2025 · 36 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Fabian HedinExecutive Officer, Director
  • Anton OsikaExecutive Officer, Director
Offering amount
$22.8M
Amount sold
$20.2M
First sale
Jan 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$13.3Bvaluation at Series CAug 2026
filing ↗
$6.6Bvaluation at Series BDec 2025
filing ↗
$1.8Bvaluation at Series AFeb 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Lovable (legal entity Lovable Labs Incorporated) operates an AI platform that generates full-stack web applications from conversational natural-language prompts. Users describe an application or drop in a screenshot; the system writes code, produces the interface and provisions supporting infrastructure, after which users iterate by chatting and deploy with one click. Authentication, database and hosting are included by default, and generated projects can be exported or edited as code, positioning the product between no-code tools and developer-centric AI coding assistants.

The product covers websites and landing pages, internal tools and dashboards, SaaS products and marketplaces, and AI agent workflows. It ships with more than 20 connectors (including Stripe, GitHub, Notion, Shopify and Slack) plus support for arbitrary APIs and MCP servers, and integrates natively with Supabase for backend services. Recent releases have focused on enterprise governance and security — Workspace Insights, security scanning with Wiz findings surfaced in-product, per-app trust centers, reusable authentication and publishing controls — alongside agent capabilities such as subagents, reusable 'skills' and the ability to run Lovable apps inside ChatGPT and Claude. A mobile app for iOS and Android launched in April 2026.

The company describes itself as model-independent rather than offering a model picker, and it operates its own in-house trained AI model alongside third-party frontier models. It states SOC 2 Type II and ISO 27001 certification and says it was the first AI coding agent platform to obtain AIUC-1 certification.

Founding story

In 2023 Anton Osika built GPT Engineer, an open-source tool using large language models to generate code from prompts; it became one of the fastest-growing GitHub repositories at the time (54,000 stars as of April 2025). Osika and Fabian Hedin then built a commercial version, the GPT Engineer App, launched in late 2023 and surfaced on Product Hunt and Hacker News, and co-founded the company in Stockholm (Contrary Research dates founding to November 2023). In December 2024 the app was renamed Lovable and opened to general access. Osika previously graduated from KTH Royal Institute of Technology (2015), was an early hire at Ampfield Aktiebolag and at the enterprise AI startup Sana, and co-founded ecommerce recommendation startup Depict as CTO in 2020; Hedin was a front-end engineering lead at Depict and previously worked on the proptech firm TenFAST and on assistive computer interface and wheelchair technology projects.

Business model

Self-serve software subscription with a free tier and paid plans (including a Pro subscription) metered by a credit balance covering both building and running apps; in-app purchases are offered through the mobile app. In June 2026 the company consolidated billing into a single credit balance with a new billing dashboard, stating plan prices were unchanged. Enterprise plans add governance, security and administration features.

Recurring subscription revenue with credit-based usage metering across consumer, professional and enterprise tiers. Reported ARR was $200 million in November 2025 and annualized run-rate revenue reached $500 million in June 2026.

Traction

As of August 2026 the company reported 60 million hosted projects and 900 million monthly visitors to apps built on the platform, following 25 million+ projects and 100,000+ new projects per day at the end of 2025. ARR was reported at $200 million in November 2025 and $500 million annualized run rate in June 2026; users were reported as nearing 8 million in November 2025. The Android app shows 500K+ downloads and a 4.9 rating across roughly 5,000 reviews. Customer examples include Lumoo ($800K ARR in nine months), ShiftNex ($1M ARR in five months) and QuickTables (over $100K/year, later acquired).

Latest developments

In August 2026 Lovable confirmed a $400 million Series C at a $13.3 billion valuation led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen additional investors including Tencent and Regent. It also announced a Cerebras infrastructure partnership, per-app security trust centers, app-user connectors for third-party data, AIUC-1 certification, availability of Lovable apps inside ChatGPT and Claude, and the migration of lovable.dev itself off Next.js/Vercel onto TanStack Start running on Lovable.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described by TechCrunch as Europe's leading vibe-coding startup and by Forbes (cited via Wikipedia) as the fastest growing software startup ever; it reached unicorn status roughly eight months after launch. Bloomberg frames its Series C as capital to compete with larger AI rivals. The company reports hosting 60 million projects drawing 900 million monthly visitors as of August 2026.

Targets non-technical users end-to-end rather than professional developers, bundling code generation, design, hosting, database, authentication and payments into a single conversational workflow while still exposing the underlying code. It orchestrates multiple AI models and maintains an in-house trained model, taking an explicitly model-independent stance instead of exposing a model picker. Security and compliance posture (SOC 2 Type II, ISO 27001, AIUC-1, native Wiz scanning, per-app trust centers) is used as an enterprise differentiator.

Technology

Generated applications historically used React and Vite on the front end with native Supabase backend integration, Stripe for payments and bidirectional GitHub sync; from May 2026 new projects are server-side rendered using TanStack Start. The platform uses multiple frontier LLMs plus an in-house trained model, supports MCP servers and custom APIs, and employs agentic techniques including subagents, reusable markdown 'skills', automated security scanning and an internal offensive-security program that runs swarms of AI hacking agents. Infrastructure runs partly on Google Cloud under a multiyear agreement, with a Cerebras partnership targeting lower inference latency by 2027.

Go-to-market

Product-led self-serve growth with a free tier requiring no credit card, distributed via the web and iOS/Android app stores, supported by content marketing (blog, customer stories, a 'build economy' report and a founder-stories publication built on Lovable itself). An enterprise motion layers on governance, security and admin features, with land-and-expand seen at accounts such as Nursa, where usage spread from one team to 200+ employees.

Non-technical 'builders' — founders, marketers, designers, product managers, operations and internal-tooling teams — plus developers seeking faster scaffolding, side-project and hackathon builders, and AI agent builders. Enterprise adoption is cited at Klarna, Deutsche Telekom, Zendesk, Uber AI and Nursa, alongside independent founders building revenue-generating products on the platform.

Geography

Headquartered in Stockholm, Sweden, with the operating entity Lovable Labs Incorporated registered in Dover, Delaware, United States. Investors and customers span Europe, the United States, Latin America and Asia; the Series C included new investors from Latin America and Asia, and enterprise references include European (Deutsche Telekom, Klarna), US and Brazilian (Q Group) organizations.

History

Founded in Stockholm in 2023 and incorporated in Delaware, the company grew from the open-source GPT Engineer project to a commercial platform renamed Lovable in December 2024. It raised a $200 million Series A led by Accel at a $1.8 billion valuation in February 2025, a $330 million Series B at a $6.6 billion valuation co-led by CapitalG and Menlo Ventures in December 2025, and a $400 million Series C at a $13.3 billion valuation led by Menlo Ventures and the EQT-managed Scaleup Europe Fund in August 2026. Along the way the company expanded from a small team (15 employees per a June 2025 profile) to about 120 employees in 2025, and shifted emphasis from prototyping toward production apps and enterprise governance.

Risks & controversies

In March 2025 a Replit employee disclosed that many Lovable-generated sites had misconfigured Supabase access controls, leaving database contents publicly readable; Lovable added automated access-control scanning, but the scan did not verify whether controls were correct. Public app-store reviews raise recurring complaints about the credit system — limits interrupting work, perceived low free allowances, repeated prompts consuming credits without the expected result, and account access issues after subscription cancellation. Reported metrics vary widely by source and date (for example, employee counts of 15 in a June 2025 profile versus 120 for 2025), and the company depends on third-party model providers and cloud infrastructure. Note also a disclosed conflict: Series C investor Regent owns TechCrunch, one of the reporting outlets.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual recurring revenueNov 2025$200M
Annualized run rate revenueJun 2026$500M
EmployeesJun 202515 people
Google Play downloadsAug 2026500K+
Google Play ratingAug 20264.9 stars (5.08K reviews)
GPT Engineer GitHub starsApr 202554,000 stars
HeadcountAug 20261,064
Lovable.dev monthly visitorsAug 202642,000,000 visits per month
Monthly visitors to Lovable-built appsAug 2026900,000,000 visits per month
Monthly visits to Lovable-built sites and appsDec 2025200,000,000 visits per month
New projects created per dayDec 2025100,000 projects per day
Projects hostedAug 202660,000,000 projects
Total funding (as reported by Contrary Research)Jun 2025$28.5M
Total projects createdDec 202525,000,000 projects

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

5 people who came through Lovable went on to found or lead other companies.

Competitors · 7

by search overlap
Wix2759 shared keywordsWix is a website builder and domain registrar that enables users to create professional websites and online presence. The platform serves businesses, creators, agencies, and enterprises with design tools, business management features, and AI-powered capabilities.
Zapier2422 shared keywordsZapier provides a platform for connecting AI models and agents to workflows and business applications, enabling teams to automate tasks across over 9,000 apps without coding. The platform serves enterprises, operations teams, and businesses of all sizes looking to deploy AI-driven automation for lead capture, customer support, employee onboarding, and other business processes.
Canva1714 shared keywordsDesign platform; Blackbird invested when it was just an idea and in every round since.
Figma1693 shared keywordsFigma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.
Webflow1212 shared keywordsWebflow is a visual content management system and web design platform that enables creative teams to build, design, and publish brand-forward websites without heavy reliance on developers. The platform serves creative agencies, marketing teams, and enterprises seeking to maintain brand consistency while executing complex web experiences at scale.
Behance965 shared keywordsBehance is a portfolio and community platform for creative professionals to showcase their work, discover clients, and grow their careers. The platform connects creators with potential business opportunities and clients globally.
Elementor815 shared keywordsElementor is a WordPress website builder offering a drag-and-drop editor with design controls, forms, popups, dynamic content, and AI-assisted site planning tools. It also provides cloud hosting, domains, and email deliverability, serving individual creators, agencies, and enterprises building WordPress sites.

Companies competing with Lovable for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 17

launches, deals, and filings
Aug 2026
lovable.dev migrated off Next.js/Vercel to TanStack Start on Lovable

The company moved its own site — 42M monthly visitors, 400 routes and 850K lines of code — from Next.js on Vercel to TanStack Start running on Lovable, largely using agents.

source ↗

Aug 2026
$400M Series C at $13.3B valuation led by Menlo Ventures and the Scaleup Europe Fund

$400M source ↗

Aug 2026
Partnership with Cerebras on inference infrastructure

Lovable announced a partnership with Cerebras aimed at substantially reducing response times by 2027.

source ↗

Aug 2026
Investment in Danish vibe-coding hardware startup Atech

TechCrunch reports Lovable has backed other European startups, including Atech, which builds vibe-coding software for designing tech hardware.

source ↗

Jul 2026
App user connectors let end users connect their own third-party tools

source ↗

Jul 2026
First coding agent platform certified under AIUC-1

Lovable states it is the first AI coding agent platform to achieve AIUC-1, a security, safety and reliability standard for AI agents.

source ↗

Jul 2026
Lovable apps made available inside ChatGPT, Claude and other AI tools

source ↗

Jun 2026
Multiyear cloud deal with Google Cloud

Lovable signed a multiyear agreement with Google Cloud representing a fivefold increase in usage.

source ↗

May 2026
Subagents released for parallel research and search within projects

source ↗

May 2026
Google Workspace and Gemini Enterprise connectors

source ↗

May 2026
New projects moved to server-side rendering with TanStack Start

From May 13, 2026 new Lovable projects are server-side rendered and powered by TanStack Start.

source ↗

Apr 2026
Lovable mobile app released on iOS and Android

source ↗

Dec 2025
$330M Series B at $6.6B valuation co-led by CapitalG and Menlo Ventures

$330M source ↗

Mar 2025
Security vulnerability disclosed in Lovable-built sites using Supabase

A Replit employee found that many Lovable-generated websites had misconfigured Supabase access controls, exposing database contents. Lovable added automated scanning for access controls, though the scan did not verify correctness.

source ↗

Feb 2025
$200M Series A at $1.8B valuation led by Accel

$200M source ↗

Jan 2025
KTH Innovation Award to Anton Osika and Fabian Hedin

source ↗

Dec 2024
GPT Engineer App renamed Lovable and opened to general access

Anton Osika and Fabian Hedin renamed the commercial GPT Engineer App to 'Lovable' before launching open access.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
LovableDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Lovable do?
Swedish AI 'vibe coding' platform that turns natural-language prompts into working full-stack web and mobile apps.
Who founded Lovable?
Lovable was founded by Fabian Hedin, Anton Osika in 2023.
Who are Lovable's investors?
Lovable's investors include 83North, Accel, AIX Ventures, Anthropy Partners, Balderton Capital, byFounders, CapitalG, Cosmic Venture Partners and 27 more.
How much funding has Lovable raised?
Lovable has disclosed $1B raised across 4 of its 6 known rounds.
Where is Lovable headquartered?
Lovable is headquartered in Dover, US.