as lovable hits $200m arr, its ceo credits staying in europe for its success

Lovable Achieves Rapid Revenue Growth

Lovable, a Swedish AI-powered coding platform, has experienced substantial growth, doubling its annual recurring revenue (ARR) to $200 million within a mere four months. This announcement was made by co-founder and CEO Anton Osika during the Slush 2025 technology conference held in Helsinki, Finland.

Recent Milestones

This achievement follows closely on the heels of the company exceeding $100 million in ARR just four months prior, in July.

Strategic Decision to Remain in Europe

Osika attributes a key factor in Lovable’s success to the deliberate decision to remain headquartered in Europe. Despite receiving advice suggesting relocation to Silicon Valley was essential for growth, the company opted to stay.

“I actively resisted that pressure,” Osika stated. “We’ve demonstrated that a globally competitive AI company can be built from this region.”

Benefits of a European Base

He believes that a strong mission and a sense of urgency within the team have attracted significant talent. Furthermore, the less frenetic pace of the European AI market has proven advantageous.

Attracting Top Talent

Investor Zhenya Loginov, a partner at Accel, highlighted the company’s success in attracting skilled professionals from prominent Silicon Valley companies like Notion and Gusto to work at their Stockholm location.

Community-Driven Innovation

Osika also emphasized the crucial role of Lovable’s user community in the ongoing improvement of its technology.

“Our community is consistently pushing boundaries and achieving remarkable results,” Osika explained. “Their contributions are fundamental to our progress.”

Vibe Coding and Venture Capital

Lovable’s success occurs within a broader trend of increasing venture capital investment and user adoption in the field of “vibe coding.” Recently, Cursor, an AI-coding assistant, secured $2.3 billion in funding, resulting in a $29.3 billion valuation, with Accel’s participation.

Funding and Valuation

Since its founding a year ago, Lovable has raised over $225 million in venture funding. A $200 million Series A round led by Accel in July, alongside contributions from over 20 other investors, valued the company at $1.8 billion.

Update

This article has been revised to more accurately reflect the impact of Lovable’s user community.