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Investors are loving Lovable
Investors are eager to invest in Swedish vibe-coding startup Lovable, recently valuing it at over $4 billion, even after a $200 million round at a $1.8 billion valuation. Despite this interest, CEO Anton Osika is not engaging in fundraising at present. Lovable has seen rapid growth, surpassing $100 million in annual recurring revenue within nine months.
Key points
- Investors are showing high interest in Lovable, leading to unsolicited offers that value the company at over $4 billion.
- CEO Anton Osika is not currently engaging with investors, despite high demand.
- $200 million funding was announced recently at a valuation of $1.8 billion, led by Accel.
- Lovable has achieved more than $100 million in annual recurring revenue with over 10 million projects built.
- The company has seen rapid growth just nine months after its launch, similar to other vibe-coding startups like Anysphere.
Why it matters
- Vibe-coding startups are gaining popularity, reflected in Anysphere's recent $900 million funding round that tripled its valuation to $9 billion.
- The trend of high valuations and rapid growth in tech startups aligns with the broader shift towards low-code and no-code platforms.
Lovable's exponential growth and increasing investor interest underscore the evolving landscape of tech startups, particularly in the low-code development space.