# Lovable (Company): Founders, Revenue, Valuation & Funding

- Tool: Lovable
- Difficulty: Beginner
- Fix time: 8-10 min read
- Compatibility: N/A — company reference page
- Last updated: September 2026

## TL;DR

Lovable is the Stockholm-founded company behind the Lovable.dev AI app builder, started in November 2023 by CEO Anton Osika and CTO Fabian Hedin out of Osika's earlier open-source project GPT Engineer. As of September 2026 it's a private company valued at $13.3 billion after a $400M Series C, running at roughly $600M in annual recurring revenue with around 300-450 employees across Stockholm, San Francisco, London, and Boston.

## Where Lovable came from, and why "Boston" keeps coming up

Lovable Labs was formed in November 2023 by Anton Osika and Fabian Hedin, growing directly out of Osika's earlier open-source project GPT Engineer — a natural-language code-generation tool that predates the company. The product launched publicly as "Lovable" with open access in late November/December 2024, and from there growth was unusually fast even by AI-startup standards: Lovable is widely cited as the fastest software company ever to go from $1M to $100M in annual recurring revenue, hitting that mark around eight months after launch, in mid-2025.

The company's headquarters is Stockholm, Sweden — confirmed by every major funding writeup from Bloomberg to TechCrunch. The recurring "is Lovable based in Boston?" confusion comes from its U.S. legal entity, Lovable Labs Incorporated, registered at 1 Lincoln St in Boston, MA, and a genuine Boston office listed on the careers page alongside Stockholm, San Francisco, London, Lund, and New York City. So both are true at once: Stockholm is home base, Boston is a real U.S. office and legal address, not the headquarters.

Osika has also spoken publicly, around the company's $200M ARR milestone in November 2025, about the decision to keep Lovable's center of gravity in Europe rather than relocate the whole company to Silicon Valley — treating Stockholm's engineering talent pool and European roots as part of the growth story rather than a constraint, even as Lovable opened U.S. offices to serve American customers and investors.

- Founded November 2023 by Anton Osika (CEO) and Fabian Hedin (CTO), building on Osika's GPT Engineer open-source project
- Public launch late Nov/Dec 2024, then the fastest reported climb from $1M to $100M ARR in software history
- HQ is Stockholm, Sweden; "Boston" refers to the U.S. legal entity (Lovable Labs Incorporated) and a real Boston office
- Three funding rounds within about 13 months (Jul 2025 to Aug 2026) took the valuation from $1.8B to $13.3B

## Before you start

- None — this is a reference page, not a setup guide
- For due diligence or press use, verify dates against the sources cited (lovable.dev/blog, official funding announcements)

## How to fix it

### 1. Meet the founders and the founding story

*Understanding the origin explains why Lovable is built the way it is — a code-generation heritage, not a drag-and-drop-builder heritage*

Anton Osika is co-founder and CEO; Fabian Hedin is co-founder and CTO. Before Lovable, Osika built GPT Engineer, an open-source tool that used GPT models to scaffold entire codebases from a text prompt. That project's core idea — describe the app, let an LLM write the code — became Lovable's foundation, but wrapped in a commercial product with a live preview, a managed backend, and a proper editor UI instead of a command-line tool.

**Expected result:** Context for why Lovable's product philosophy centers on generating real, editable code rather than a proprietary visual format.

### 2. Walk through the funding timeline

*The round names in older press coverage are inconsistent with 2026 reality — this is the corrected sequence*

Pre-seed/seed (Oct 2024): $7.5M, led by Hummingbird and byFounders. Pre-Series A (Feb 2025): $15M led by Creandum, bringing total raised at that point to roughly $22.5M. Series A (Jul 17, 2025): $200M led by Accel, with 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club participating, at a $1.8B valuation — despite its size, this was the Series A, not a Series B as some early coverage speculated. Series B (Dec 2025): $330M led by CapitalG and Menlo Ventures, with Accel participating, at a $6.6B valuation. Series C (Aug 12, 2026): $400M led by Menlo Ventures and Scaleup Europe Fund, at a $13.3B valuation. That's four rounds and roughly $952M raised in under two years.

**Expected result:** A clear, correctly-labeled funding history you can cite without repeating the Series A/B mislabeling common in 2025 coverage.

### 3. Track the revenue and ARR milestones

*Lovable's revenue growth is the headline number behind every valuation jump, and the dates matter for context*

$100M ARR: roughly 8 months after launch, mid-2025 — the milestone Forbes called the fastest climb from $1M to $100M ARR of any software startup. $200M ARR: by November 2025. $400M ARR: crossed February 2026, reportedly adding about $100M in a single month. $500M annualized revenue: by June 2026, alongside a reported 1 million new projects created per week. ~$600M run rate: by the end of August 2026, around the time of the Series C announcement. Revenue figures come from company statements and press coverage (Bloomberg, TechCrunch, Forbes), not audited public filings, since Lovable is private.

**Expected result:** The full ARR growth curve with sourced dates, useful for understanding the pace behind the valuation jumps.

### 4. Check the company's current scale

*Headcount, offices, and named customers give a sense of how "real" the company is beyond the funding headlines*

Employees: around 300 as of August 2026, with a stated plan to grow to about 450 employees by the end of 2026 (up from roughly 146 reported in early 2026). Offices: Stockholm, San Francisco, London, Boston, plus Lund and New York City appearing in careers-page role filters, alongside some fully remote roles. As of September 2026 the careers page lists 84 open positions across 7 departments at lovable.dev/careers. Named enterprise customers referenced in Series C coverage include Nvidia, Adidas, Hearst, and Zendesk.

**Expected result:** A snapshot of company scale as of September 2026 — headcount, office footprint, and enterprise adoption.

### 5. Know what's not true: stock, and the February 2026 update wave

*Two common searches — "lovable stock" and "lovable ai updates february 2026" — deserve direct answers*

Can you buy Lovable stock? No. Lovable is a private, venture-backed company with no public stock ticker; every funding round to date has been private venture capital, and its SEC EDGAR filing (CIK 0002055162) exists only for private Form D disclosures, not a public listing. As for February 2026: that month brought the Plan Mode launch (reported around Feb 5, 2026, cutting iteration cycles roughly in half on complex builds), the $400M ARR milestone, and a cluster of smaller features including a Prompt Queue for stacking up to 50 prompts, an automated Browser Testing environment, and cross-project @-referencing. If you're evaluating whether Lovable is stable enough for a serious, funded product, RapidDev tracks these company and platform changes closely and can advise on what's safe to build on right now versus what's still early.

**Expected result:** A direct answer on stock ownership, plus a dated summary of what actually shipped in February 2026.

## Best practices

- Cite the Series A/B/C labels correctly — the July 2025 $200M round was the Series A, not a Series B
- Treat revenue and ARR figures as company-reported and press-sourced, not audited public numbers, since Lovable is private
- Distinguish Lovable's HQ (Stockholm) from its U.S. legal entity and office (Boston) when citing company location
- Check lovable.dev/careers directly for current openings rather than relying on older headcount figures
- Use lovable.dev/blog and the funding announcement posts as primary sources for company milestones
- Don't confuse company-level news (funding, ARR) with product-level changelog entries when researching "what's new"
- Remember named enterprise customers (Nvidia, Adidas, Hearst, Zendesk) reflect logos cited in funding coverage, not a full or exhaustive customer list

## Frequently asked questions

### Who is the CEO of Lovable?

Anton Osika, who co-founded the company in November 2023 alongside CTO Fabian Hedin, building on Osika's earlier open-source project GPT Engineer.

### Who founded Lovable?

Anton Osika (CEO) and Fabian Hedin (CTO) founded Lovable Labs in Stockholm in November 2023.

### What is Lovable's valuation?

$13.3 billion, following an August 12, 2026 Series C round of $400M led by Menlo Ventures and Scaleup Europe Fund. Prior valuations were $1.8B (Series A, Jul 2025) and $6.6B (Series B, Dec 2025).

### What is Lovable's revenue?

Annual recurring revenue was on track for roughly $600M by the end of August 2026, up from $500M in June 2026, $400M in February 2026, and $200M in November 2025 — figures are company-reported, since Lovable is private.

### Can you buy Lovable stock?

No. Lovable is a private company with no public stock ticker. All funding to date has come from venture capital rounds; its only SEC record is a private Form D filing (CIK 0002055162), not a public listing.

### Where is Lovable headquartered — Stockholm or Boston?

Stockholm, Sweden is the headquarters. Boston refers to Lovable's U.S. legal entity, Lovable Labs Incorporated, and a genuine Boston office listed on the careers page — not the company's home base.

### How do I apply for a job at Lovable?

Through lovable.dev/careers, which listed 84 open roles across 7 departments as of September 2026, spanning Stockholm, San Francisco, London, Boston, Lund, New York, and remote positions.

### Who should I talk to if I need help building on Lovable, not just information about the company?

RapidDev's engineers work directly with Lovable projects day to day and can help teams evaluate the platform, harden a build, or take over the technical parts a founder doesn't want to handle solo.

---

Source: https://www.rapidevelopers.com/lovable-issues/lovable-company-guide
© RapidDev — https://www.rapidevelopers.com/lovable-issues/lovable-company-guide