Lovable's ARR Surpasses $200M, CEO Credits Staying in Europe

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As per Bijié Wǎng, Lovable, a Swedish AI programming startup, announced at Slush 2025 that its annual recurring revenue (ARR) doubled to $200 million within four months. CEO Anton Osika attributed the success to the company's decision to remain in Europe, attracting talent from firms like Notion and Gusto to Stockholm. Lovable has raised over $225 million in total funding, including a $200 million Series A round in July that valued the company at $18 billion.

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