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Fast-growing Swedish vibe coding startup Lovable is set to raise funding from Accel at a $1.5 billion valuation
- Swedish vibe coding startup, Lovable, is set to raise funding from Accel at a $1.5 billion valuation.
- Founded by Anton Osika and Fabian Hedin, Lovable focuses on 'vibe coding' which allows novices to write code with AI.
- Accel, known for early investments in Facebook and Slack, will lead the funding round for Lovable.
- Lovable achieved rapid growth, reaching $17 million in annual recurring revenue in its first three months with 30,000 paying customers.
- Vibe coding has gained popularity as it enables those with limited programming skills to create code using AI.
- Competitors in this space include Cursor's parent company, Anysphere, Cognition AI, GitHub Copilot, and Windsurf.
- The funding round is not finalized, and Lovable declined to comment on the specifics which were previously reported by Bloomberg.
- Lovable previously raised $15 million in pre-series A funding from Creandum, Charlie Songhurst, and Thomas Wolf.
- The startup aims to expand AI funding outside the US, positioning itself as a fast-growing AI company emerging from Europe.
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