Lovable, a Swedish startup, has transformed from a website‑building shop into a full‑scale platform for managing companies within two years, with investors pushing its valuation to 130 billion SEK. The founders say they now have sufficient capital to become good taxpayers.
Swedish venture capital firm J12, founded by AI specialist Bo Mattsson, sold a third of its holding in the startup Lovable during the late summer, reporting a 225‑fold return on its 2023 investment.
Swedish startup Lovable bought AI firm Sutro to make AI-built code more reliable, expanding its capabilities in code analysis and verification.
Lovable hired a new community builder, while Cai’s social media manager left the company.
Lovable’s co-founders Anton Osika and Fabian Hedin each cashed out roughly 100 million SEK in 2023, with the company not confirming whether the gains stem from AI-related sales.
Lovable, a Stockholm‑based AI coding startup, demonstrated strong growth in 2026 by hitting roughly €350 million ARR and generating €87.4 million in a single month, highlighting the shift toward outcome‑based, agent‑driven SaaS models in Europe.
Swedish SaaS startup Lovable is in advanced talks to secure a $300 million funding round at a $13.2 billion post-money valuation, with participation from major global investors.
Lovable and Google Cloud expand their collaboration to integrate Lovable with Gemini Enterprise and Google Cloud Marketplace
Andrea Lewis Åkerman, former communications manager at Google in Sweden, has joined Lovable, a Swedish AI company.