Imagine telling your laptop what kind of app you want and it actually builds it for you. No coding, no hiring developers, no YouTube tutorials at 2am. That’s what Lovable, a tiny but mighty startup out of Sweden, is doing. And it is working like magic. In just eight months since launch, they have crossed $100 million in annual recurring revenue (ARR). That’s unicorn level money without the unicorn-sized team.TechCrunch
What does Lovable actually do?
Lovable helps regular people designers, founders, freelancers, even students build web apps just by typing what they want. Something like: “Make me a dashboard that tracks sales and customer data, and send me daily reports.” And boom It builds it. It’s powered by a mix of AI models from OpenAI, Anthropic, and Gemini, and the results are shockingly fast and functional. Sifted Their platform includes:
- An editor where you can tweak your app visually.
- A development mode.
- Built-in analytics, custom domains, and real-time editing.
- A community where you can remix other people’s apps. Tech Funding News
How fast are they growing?
- $1M ARR in 8 days.
- $10M ARR in 2 months.
- $60M ARR by month 6.
- Now at $100M ARR in month 8.
All of this with a team of just around 15 people. For context, most startups would need a few years and tens of millions in funding to hit these numbers. Sifted
Who’s behind it?
Lovable was co-founded by Anton Osika, a physicist who also built AI at Depict.ai, and Fabian Hedin, known for helping create communication tools for Stephen Hawking. Not your average founders. StartupHub.ai Their mission? Make app-building feel as easy as chatting with ChatGPT. And they are not just talking, they are shipping fast, listening to users, and turning AI into something useful, not just hype.
Here’s what Lovable has pulled off so far:
- 500,000+ users
- 30,000 paying customers
- 25,000 apps launched daily
- 85% day-30 retention rate (that’s really high)
They are now in talks to raise $100 million at a $1.5 billion valuation, which would officially crown them a unicorn. And the timing is perfect. AI agent startups are booming in Europe, raising nearly €500M in the first half of 2025.Sifted But, even with all these, Lovable is not all perfect.
- More technical users want better database support
- Security features like row-level access are still missing
- Integrations with tools like Slack and Asana? Not there yet
But they’re already working on these. The team is building out Supabase, GitHub, and external API integrations next and they’re hiring more engineers to handle the demand. Tech Funding News
What this really means
Lovable’s growth isn’t just about hype. It shows a clear shift in tech: You no longer need to know how to code to build powerful software.
Related: Lovable Raises $200M Series A, Hits Unicorn Status in Just 8months
This changes who gets to innovate, who gets to launch, and who gets a seat at the tech table. Whether you’re a student with an idea, or a small business owner who just wants a custom app you can build yourself.
