Lovable, a Swedish vibe-coding unicorn, has doubled its annual recurring revenue (ARR) to $200 million in just four months. The company’s co-founder and CEO, Anton Osika, credits the decision not to move to Silicon Valley for its success. By staying in Europe, Lovable tapped into more available talent and created a strong mission that attracted top talent from Silicon Valley companies like Notion and Gusto.
The company also benefited from the slower AI market in Europe compared to Silicon Valley, which allowed it to focus on user feedback and improve its technology. The community of users played a crucial role in this success story, with Osika praising their active voices on Discord who drove forward the company’s vision.
Lovable has seen significant growth since its founding a year ago, raising over $225 million in venture funding. Its latest $200 million Series A round valued the company at $1.8 billion, marking a major milestone for the startup.
Source: https://techcrunch.com/2025/11/19/as-lovable-hits-200m-arr-its-ceo-credits-staying-in-europe-for-its-success