Lovable, a Swedish AI startup, quickly rose to unicorn status after securing $200 million in Series A funding, reaching a valuation of $1.8 billion within eight months. The platform assists users in creating apps and websites using natural language, boasting over 2.3 million active users and 180,000 paying subscribers. In seven months, Lovable's annual recurring revenue hit $75 million. The startup has a small team of 45 employees and received backing from multiple high-profile investors, contributing to its rapid growth and significant valuation increase.
Lovable has raised a $200 million Series A round led by Accel at a $1.8 billion valuation, making it Europe's latest unicorn in just eight months since launch.
With over 2.3 million active users, Lovable claims to have 180,000 paying subscribers, generating annual recurring revenues of $75 million within seven months.
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