Lovable Raises $200 Million, Aims to make Coding Obsolete
lovable has secured $200 million in funding at a $1.8 billion valuation,with Accel leading the investment round. The company’s journey began with a simple idea shared during an early morning walk.
The founder, formerly the CTO at Depict, achieved $1 million in annual recurring revenue faster than many other Swedish startups. However, after three years, a sense of dissatisfaction emerged. The focus on e-commerce optimization felt misaligned with personal aspirations.
Driven by a desire to create something more impactful, the founder began exploring the potential of AI following the release of ChatGPT 3. A weekend project, dubbed GPT Engineer, allowed users to translate plain English into working applications. The project’s posting on GitHub unexpectedly garnered hundreds of thousands of users and over 50,000 GitHub stars within weeks.
The most profound realization came from the feedback: the tool was empowering individuals with no prior coding experience to build their first applications. This highlighted a critical insight: 99% of the world’s best ideas are held back by a lack of coding ability. People understand their problems and solutions but lack the means to build them.
The mission shifted from merely accelerating coding for engineers to enabling everyone else to build. the founder then contacted a friend, fabian, for another walk, this time with a concrete business idea. Within two hours, they decided to launch a company with the aspiring goal of making coding obsolete, rather than just easier.
Lovable isn’t aiming to capture the existing app and website development market. Rather, it’s creating a new one.Similar to how Canva democratized design for millions beyond professional graphic designers, Lovable aims to empower one billion builders by creating a product that can build all other products.
With 47 million developers currently worldwide, Lovable projects the creation of one billion potential builders. In just eight months, the platform has already seen non-technical founders achieve meaningful success. Caio Moretti generated $3 million in revenue in 48 hours with a Lovable-built product. Airweave, an agentic search tool for internal databases, recently gained admission to Y Combinator. Felipe launched a laundry subscription product that reached $10,000 in monthly recurring revenue.
While customary software development can take over 300 hours, Lovable enables the creation of functional applications in under an hour, transforming anyone into a potential builder. The platform currently boasts 2.3 million users actively building.
A special acknowledgment is extended to the team, users, and investors for their contributions. Lovable is not just democratizing code; it’s helping individuals realize their potential to create.
What groundbreaking idea are you ready to build with Lovable? Share your thoughts in the comments below and subscribe for more innovation stories!
