Total amount raised
$22.5 Millions
Latest funding date
Location
Lovable has garnered the support of 13 investors, including notable names like Thomas Wolf and Creandum. The AI-powered platform enables users to build applications and software products without needing extensive coding skills.
Keep reading to explore the intricacies of Lovable's fundraising journey and the investors backing this innovative platform.
What Is Lovable?
Lovable, founded in 2023, is an AI-powered platform based in Stockholm, Sweden. The company was established by Anton Osika and Fabian Hedin.
Lovable enables users to build applications and software products without needing extensive coding skills. The platform focuses on user-friendly interfaces and functionality, serving industries like technology, finance, and healthcare.
With a team of 11-50 employees, Lovable is dedicated to transforming natural language descriptions into fully functional applications, providing a superhuman full stack engineering experience.
How Much Funding Has Lovable Raised?
- Pre-Seed Round
- Amount Raised: $7.5M
- Date: October 2024
- Lead Investors: byFounders, Hummingbird Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development and initial launch of the platform.
- Seed Round
- Amount Raised: $15M
- Date: February 2025
- Lead Investors: Creandum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Lovable's product and expand its market share.
Total amount raised: $22.5M. Current valuation: Not publicly disclosed.
Key Investors
- Creandum
- Details: Creandum is a venture capital firm that led Lovable's $15 million funding round. The firm is known for its investments in high-growth technology companies.
- Investment Focus Areas: Technology, early-stage startups, high-growth potential companies.
- Notable Investments: Spotify, iZettle, Klarna.
- Thomas Wolf
- Details: Thomas Wolf is the co-founder of Huggingface, a company specializing in natural language processing technologies. He is also an active angel investor in the AI and machine learning space.
- Investment Focus Areas: AI, machine learning, technology.
- Notable Investments: Huggingface.
- Charlie Songhurst
- Details: Charlie Songhurst is a board member at Meta and an angel investor. He has a background in technology and social media.
- Investment Focus Areas: Technology, social media, AI.
- Notable Investments: Meta.
- Adam D'Angelo
- Details: Adam D'Angelo is the CEO of Quora and an angel investor. He has a strong focus on AI and machine learning technologies.
- Investment Focus Areas: AI, machine learning, technology.
- Notable Investments: Quora.
- byFounders
- Details: byFounders is a venture capital firm that participated in Lovable's pre-seed funding round. The firm focuses on supporting early-stage startups in the Nordic and Baltic regions.
- Investment Focus Areas: Early-stage startups, technology, Nordic and Baltic regions.
- Notable Investments: Not publicly disclosed.
What's Next for Lovable?
Lovable stands at the cusp of a significant opportunity, leveraging its AI-powered platform to democratize software development. With 500,000 users and 30,000 paying customers, the potential for growth is immense. The platform's ability to create diverse applications, from simple websites to complex business systems, positions it well to capture a broad market share.
Future fundraising seems promising, given the successful $15 million Pre-Series A round. As Lovable continues to innovate and integrate with third-party services like Supabase and GitHub, additional investment rounds are likely. However, challenges such as competition from other no-code platforms and the need to maintain user-friendliness while scaling could pose hurdles.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Lovable and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
