A Stockholm-based startup is redefining how software is built—and it’s doing it without code. Lovable, a fast-growing platform pioneering a concept called “vibe coding,” is reportedly raising a major funding round led by global venture capital firm Accel, valuing the company at $1.5 billion. The funding comes hot on the heels of Lovable’s $15 million pre-Series A round, which attracted attention from top-tier investors, including Creandum, Charlie Songhurst (Meta board member), and Thomas Wolf (co-founder of Hugging Face).
This momentum isn’t just hype. Lovable has exploded in popularity, reaching 30,000 paying users and achieving $17 million in annual recurring revenue (ARR) within just three months of launching. At its core, the company offers a new way to build software: one that doesn’t require technical expertise but taps into the power of AI, natural language, and human creativity.
Lovable’s flagship innovation is what it calls “vibe coding”—a playful term, but one that holds serious promise. Instead of writing lines of code, users describe what they want in plain English. For example, someone might say, “I want to create a scheduling app for yoga instructors,” and Lovable’s AI does the heavy lifting. It instantly generates a working app framework, including interface design, logic, and backend flow. Users can then tweak everything visually. No code, no syntax—just pure creative flow.
This approach is especially revolutionary for non-technical users. Freelancers, teachers, small business owners, and solo entrepreneurs—people with ideas but no programming skills—can now build and launch full apps with Lovable’s help. For instance, a freelance designer in Gothenburg used Lovable to create a client feedback portal in less than 48 hours, skipping the need for a developer and boosting her client engagement almost overnight.
The demand for such platforms is surging. According to Forbes and Statista, the global no-code/low-code development market is expected to reach $187 billion by 2030, growing at a 28% CAGR. Lovable isn’t just riding the wave—it’s helping reshape it. Unlike traditional no-code platforms that offer drag-and-drop templates, Lovable’s AI understands intent, collaborates with the user, and evolves apps over time. That’s what makes “vibe coding” more than a catchy phrase—it’s a new paradigm.
Lovable’s rising star status is further validated by its investor lineup. Accel, known for early bets on Facebook, Dropbox, and Slack, is reportedly leading this next round. The firm’s involvement signals strong belief in Lovable’s global potential, particularly as it prepares to expand beyond Europe into the U.S. and Asia-Pacific markets. Previous investors like Creandum (known for Spotify and Klarna) and tech luminaries like Charlie Songhurst and Thomas Wolf bring both capital and credibility.
Behind the scenes, Lovable is led by co-founders Anton Osika and Fabian Hedin, who combine deep technical knowledge with a clear mission: to democratize software creation. They believe the future of coding isn’t coding at all—but describing problems in natural language and letting AI do the rest. That belief is now being validated not just by investors, but by a growing global user base.
The broader ecosystem around AI-enabled development is heating up. Startups like Cursor (Anysphere), Cognition AI, and GitHub Copilot are all part of the movement to make code smarter and more accessible. But Lovable stands apart in one key way—it doesn’t just assist coders, it replaces the need to be one. Its platform is designed for people who’ve never opened a code editor but still want to launch world-class digital products.
With Accel reportedly leading a new round worth around $100 million, Lovable is preparing to scale its operations dramatically. The roadmap includes hiring in North America, rolling out enterprise-ready features like SSO and audit logs, and opening up its API so larger businesses can plug in their own models. In the long term, Lovable aims to become the AI-powered equivalent of Salesforce for app building—comprehensive, intuitive, and fully automated.
Experts agree that this shift isn’t just timely—it’s necessary. Dr. Helena Berg, an AI researcher at KTH Royal Institute of Technology, notes that “the future of software isn’t just faster code—it’s inclusive code. Tools like Lovable’s redefine programming as problem-solving, not syntax.” And former GitHub Product VP Michael Linton adds, “Vibe coding isn’t just helpful—it’s transformative. It opens up the software space to creators and small teams, not just developers.”
As AI continues to transform industries, Lovable is a shining example of what’s possible when technology meets accessibility. It removes traditional gatekeeping from software development and gives creators of all backgrounds a chance to build and launch. In a digital world where speed, cost, and creativity are king, tools like Lovable aren’t just nice to have—they’re the future.
If finalized, Lovable’s Accel-led round would mark one of Europe’s biggest AI startup fundings to date, and cement the company’s place as a global force. From a quirky Swedish upstart to a potential unicorn changing how apps are built—Lovable is proving that the next big thing in tech might just come from those who never learned to code.