Lovable has reached a new milestone. The Swedish vibe coding unicorn now brings in two hundred million dollars in annual recurring revenue. The jump happened fast. The company doubled its ARR in only four months, a moment its CEO Anton Osika revealed at the Slush conference in Helsinki.
This growth comes only a short time after Lovable crossed the one hundred million mark in July. The company is just a year old, yet its rise has been unusually quick.
Osika said the biggest reason for Lovable’s success was the choice to stay in Europe instead of moving to Silicon Valley. Early mentors told the founders that the company had to relocate to the United States to have a real shot. Osika ignored that advice.
He said that staying in Europe was tempting to question but the right call. He explained that the region has strong talent. He said that a clear mission and a close working culture helped the team move quickly.
Osika also believes that Europe’s steadier pace in the AI market worked to Lovable’s advantage. In his view, building away from the noise allowed the team to focus and move with intention.
Lovable also made an unexpected move by pulling in top talent from Silicon Valley. Accel partner Zhenya Loginov said the company brought in people from companies like Notion and Gusto and convinced them to work in person in Stockholm. He called it flipping the script.
Another part of Lovable’s rise comes from its open source community. Osika talked about this group with clear pride. He said that the community constantly pushes improvements and debates features around the clock on Discord. He said that this energy directly powers Lovable’s rapid product development.
The milestone arrives during a huge wave of interest in vibe coding tools. Last week, AI coding assistant Cursor raised more than two billion dollars at a valuation of twenty nine point three billion. Accel also invested in that round.
Lovable itself has raised more than two hundred twenty five million dollars since its launch. Its most recent round was a two hundred million dollar Series A in July with Accel and over twenty other investors. That round valued the company at one point eight billion dollars.
Lovable’s rapid climb shows how fast the vibe coding market is expanding. It also shows that global AI companies can grow from anywhere. Osika believes Europe can produce world class AI giants. Lovable is becoming one of the strongest examples so far.
