Lovable turns a written description into a working web application. Type what you want, and the platform generates the front end, wires up a database, adds logins, and deploys the result to a live URL. Founded in Stockholm in 2023 by Anton Osika and Fabian Hedin, the company has become the poster child for prompt-to-app software and one of the fastest-growing startups in history.
The numbers behind that claim are public and startling. Lovable reached $100 million in annualized revenue within eight months of launch, and Forbes reported that it crossed $400 million in annual recurring revenue in February 2026, less than fifteen months after the product went live.
From open-source experiment to company
Lovable began as GPT Engineer, an open-source project Osika published in 2023 that asked a then-radical question: could a large language model write an entire codebase from a specification? The repository collected tens of thousands of GitHub stars within months and proved there was enormous appetite for code generation that went beyond autocomplete.
Osika teamed up with technical co-founder Fabian Hedin to turn the experiment into a product. The pair rebuilt the idea as a hosted platform and launched Lovable in late 2024, positioning it not as a developer tool but as a way for anyone to ship software. That framing mattered: the customer is a founder, marketer, or operator with an idea, not an engineer with a code editor.
What the product actually does
A Lovable build starts with a chat prompt and ends with a deployed full-stack application. The platform generates React front ends, connects to Supabase for databases and authentication, and handles hosting, so a non-coder never touches a terminal. Revisions happen in the same chat: describe the change, review the result, publish.
In our 2026 ranking of the best AI app builders, Lovable took the top spot overall on the strength of its design output, its template ecosystem, and the clean path from prototype to a production backend.
Growth, funding, and a $6.6 billion price tag
Investors have priced the growth aggressively. After a $200 million round in July 2025 that made it a unicorn, Lovable closed a $330 million round in December 2025 at a $6.6 billion valuation, with backers including Accel, Creandum, and Menlo Ventures. Fortune covered the round and Osika's stated ambition to make Lovable "the last piece of software" a company ever buys.
The market may already have moved past that number. In June 2026, Forbes reported that Lovable was in talks to raise new funding at a $12 billion valuation, roughly double its price from six months earlier. That round had not closed at the time of the report.
The founders
Osika, a physicist by training who did research at CERN before moving into startups, serves as CEO. Forbes calculated that the December 2025 round made both founders billionaires, with Hedin, then 25, among the youngest self-made billionaires in European history.
The company remains headquartered in Stockholm, a deliberate choice the founders defend as a talent advantage over the Bay Area's bidding wars. The full story of how Osika got here is on his founder profile.
Frequently asked questions
What is Lovable?
Lovable is an AI app builder from Stockholm. Users describe an application in plain language and the platform generates, hosts, and updates a working full-stack app, including the database, authentication, and deployment.
Who founded Lovable?
Anton Osika and Fabian Hedin founded Lovable in 2023. It grew out of GPT Engineer, Osika's open-source project for generating codebases with large language models.
How much is Lovable worth?
Lovable was valued at $6.6 billion in its December 2025 round. In June 2026, Forbes reported the company was in talks to raise at a $12 billion valuation, though that round had not closed.
How fast has Lovable grown?
Lovable reached $100 million in annualized revenue within eight months of launch and crossed $400 million in annual recurring revenue by February 2026, making it one of the fastest-growing software companies on record.
Do I need to know how to code to use Lovable?
No. Lovable is built for non-engineers. It ranked first overall in our AI app builder testing largely because a beginner can go from prompt to deployed app without touching a code editor.