Lovable Secures $15M Funding Led by Creandum

Lovable Secures $15M Funding Led by Creandum

Swedish AI startup Lovable has raised $15 million in a pre-Series A round led by Creandum, according to Sifted. The company, known for its AI-driven app-building platform, plans to use the funds to expand its team and enhance its product offerings.

Swedish AI startup Lovable has raised $15 million in a pre-Series A funding round led by Creandum, according to Sifted. The company, which allows users to create apps without coding knowledge, has seen rapid growth, reaching $17 million in annual recurring revenue with 30,000 paying customers.

Lovable's platform leverages generative AI to enable the creation of production-ready software, making it accessible to users without technical expertise. The startup claims to have 500,000 users who are building over 25,000 new products daily. The recent funding will be used to hire top talent in Europe and further develop the platform.

Co-founded by Anton Osika and Fabian Hedin, Lovable differentiates itself from other AI-driven code-building platforms by focusing on ease of use and functionality. The company plans to expand its integration with third-party services, including Supabase for databases and GitHub for code storage.

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