Lovable Labs has secured €14.3 million in funding led by Creandum to expand its innovative AI-powered software development platform, demonstrating rapid growth and early profitability.
Deal Overview
Lovable Labs Sweden AB, a Stockholm-based AI startup, recently raised €14.3 million in a pre-Series A funding round led by Creandum. The funding round also included notable individual investors such as Charlie Songhurst, a board member at Meta, Adam D’Angelo, CEO of Quora, and Thomas Wolf, co-founder of Hugging Face. Within just three months of launching its AI-powered development platform, Lovable has showcased impressive growth, generating an annual recurring revenue (ARR) of €16.2 million.
Company Overview
Founded in 2023, Lovable Labs Sweden AB is a private company headquartered in Stockholm, Sweden. The firm operates as a Private Aktiebolag (AB) and is primarily founder-controlled, with each founder owning between 25% to 50% of the company. Currently, the company employs approximately 15 individuals, with further growth anticipated by early 2025.
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The company was co-founded by Anton Osika, who serves as CEO. Osika is known for his previous role as co-founder of Depict.ai, which secured $20 million in funding and has experience working at
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Creandum
invested in
Lovable
in 2025
in a Pre-Seed Stage deal
Disclosed details
Transaction Size: $15M
Revenue: $17M
Enterprise Value: $439M
Multiples
EV/Revenue: 25.8x