Swedish Vibe Coding Firm Lovable Hits $1.8 Billion Valuation

Lovable, a Swedish artificial intelligence startup that streamlines software development, raised a $200 million fundraising round, making it Europe’s newest unicorn.

The Series A round values the startup at $1.8 billion, Lovable said in a statement Thursday. Bloomberg News reported last month the company was in talks to raise money.

Founded in 2023, Lovable’s technology helps people build apps and websites without programming knowledge. It’s one of a growing number of so-called “vibe coding” services that have attracted interest from investors and customers.

Accel led the round. Existing investors 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club also participated in ...