8 months after launch: AI startup Lovable reaches unicorn status
Europe now has another unicorn: Lovable. The AI startup has closed a $200 million Series A, according to media reports.
Swedish vibe coding startup Lovable has closed a $200 million Series A round at a $1.8 billion valuation, according to several media outlets, including Sifted and Forbes .
Not only is this the largest Series A round ever in Sweden , but it also grants Lovable unicorn status. The round was led by Silicon Valley VC Accel . Existing investors 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club also participated, according to media reports.
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Lovable is considered the fastest-growing startup in Europe: its AI software enables programming without any programming knowledge.
This means that instead of writing a single line of code, users describe their idea and what they want. They give the AI simple text prompts. This allows entire web applications and apps to be created with Lovable. Founders also rely on Lovable's AI tool to build their startups.
Anton Osika founded Lovable in late 2023. In a pre-Series A round in February 2025, the startup raised €14.3 million. The round was led by Creandum. Considering the amount of funding, the jump to Series A is quite significant. He shared a post on LinkedIn about the financing and the new unicorn status. In it, he explains, among other things, how Lovable came to be founded and recounts its beginnings.
Lovable is Anton Osika's second startup. His first was Depict , which he founded together with Oliver Edholm in 2020. Depict develops an AI-powered solution for e-commerce retailers such as Shopify and Centra. Other Swedish AI founders have also been trained at Depict. Lovable, too, emerged from Depict.
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With the Series A funding, Osika plans to expand its team of just 45 people and further develop the product. It also plans to collaborate with companies like Klarna, Hubspot, and Photoroom, Forbes reports.
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