Investors Are Loving Lovable

Investors are clambering to get onto Swedish vibe-coding startup Lovable’s headdress table, making unsolicited offers of finance that worth nan institution astatine much than $4 billion, reports Financial Times. 

Lovable CEO Anton Osika isn’t presently engaging pinch nan flurry of inbound, nan Times says, which comes a fewer weeks aft nan startup announced a $200 cardinal round astatine a $1.8 cardinal valuation successful a woody led by Accel. A Lovable spokesperson told nan outlet nan institution isn’t fundraising now. TechCrunch has reached retired for further comment.  

Lovable has grown quickly complete its short lifespan. In July, nan startup said its yearly recurring revenues had surpassed $100 cardinal pinch much than 10 cardinal projects built utilizing nan platform. 

The astounding trajectory of Europe’s hottest unicorn comes conscionable 9 months aft Lovable launched, and comes connected nan heels of investor liking successful vibe-coding startups. Cursor-maker Anysphere raised $900 cardinal successful May, much than tripling its valuation to $9 billion.