Lovable
Unicorn · $13.3BDover, US · Founded 2023 · Delaware corporation · 50 employees · 44 known investors
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
Founders & leadership
Lovable was founded in 2023 by Fabian Hedin and Anton Osika.

Investors · 44
Also in the syndicate · 9
Reported raises · per SEC filings
Form D private placements$1B disclosed across 4 of 6 rounds · 2025–2026
▶$382.5MraisedAug 2026 · 27 investors · Other TechnologyRule 506(b)
- 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
▶$425MraisedDec 2025 · 34 investors · Other TechnologyRule 506(b)
- 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
▶$192.7MraisedJul 2025 · 40 investors · Other TechnologyRule 506(b)
- 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
▶$20.2MraisedFeb 2025 · 36 investors · Other TechnologyRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Lovable (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 reportedCompany-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 overlapCompanies competing with Lovable for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 17
launches, deals, and filingsThe 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.
$400M source ↗
Lovable announced a partnership with Cerebras aimed at substantially reducing response times by 2027.
TechCrunch reports Lovable has backed other European startups, including Atech, which builds vibe-coding software for designing tech hardware.
Lovable states it is the first AI coding agent platform to achieve AIUC-1, a security, safety and reliability standard for AI agents.
Lovable signed a multiyear agreement with Google Cloud representing a fivefold increase in usage.
From May 13, 2026 new Lovable projects are server-side rendered and powered by TanStack Start.
$330M source ↗
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.
$200M source ↗
Anton Osika and Fabian Hedin renamed the commercial GPT Engineer App to 'Lovable' before launching open access.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Lovable confirms new $13.3B valuation, raises another $400Mtechcrunch.com · Aug 2026
Lovable raises $400M Series Clovable.dev · Aug 2026
Could Lovable's automatic 10% pay raise be the cure for toxic cultures?techcrunch.com · May 2026
Lovable raises $330M to power the age of the builderlovable.dev · Dec 2025
Lovable raises a $200M Series A led by Accel at a $1.8B valuationbloomberg.com · Jul 2025▸Research sources · 8
primary sources listed
- Lovable: Build Apps With AI - Apps on Google Playplay.google.com · web
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.



















