TechCrunch Startup News Lovable becomes a unicorn with $200M Series A just 8 months after launch
Jul 18, 2025
A Swedish AI coding startup has soared to unicorn status in just eight months, securing a staggering $200 million in a Series A funding round. The innovative technology behind Lovable is revolutionizing website and app creation, attracting millions of active users. Investors are buzzing about this rapid rise, setting the stage for a transformative impact in the tech world.
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Rapid Freemium Model Success
- Lovable's rapid growth hit $75M in ARR with only 180,000 paying users out of 2.3 million active users.
- This highlights the power of a freemium model converting a fraction of users to substantial revenue quickly.
User Base Is Mostly Non-Technical
- Non-technical users mainly use Lovable to create prototypes for collaboration with developers.
- The platform supports over 10 million projects, showing strong user engagement even outside production apps.
Lovable-Built Startup Success Anecdotes
- Lovable CEO Anton Osaika invested as an angel in a startup likely built with Lovable.
- A large Brazilian tech company's Lovable-built app grossed $3 million in 48 hours, showing real revenue potential.