Swedish AI Coding Company Lovable Doubles Revenue to $200M in Four Months
Summary
Swedish AI coding startup Lovable achieves explosive growth, doubling annual recurring revenue from $100M to $200M in just four months while raising $225M in funding and reaching a $1.8B valuation within one year of founding.
Key Points
- Swedish AI-assisted coding company Lovable doubles its annual recurring revenue from $100 million to $200 million in just four months
- CEO Anton Osika credits the company's decision to remain in Europe rather than relocate to Silicon Valley as the key factor behind its rapid success
- The unicorn startup has raised over $225 million in venture funding since its founding one year ago, including a $200 million Series A round that valued the company at $1.8 billion