Lovable, a Swedish artificial intelligence (AI) startup, has successfully raised $15 million in a pre-Series A funding round, led by Creandum. This significant investment follows a period of rapid growth for the company, which specializes in an AI-powered no-code platform designed to democratize app development. The funding reinforces the market's confidence in accessible software creation tools, as highlighted by a recent tweet from Bishal Nandi promoting the platform's capabilities.
The company, co-founded by Anton Osika (CEO) and Fabian Hedin (CTO) in November 2023, originated from the open-source project GPT Engineer, which gained considerable traction for its ability to generate functional code from natural language prompts. Lovable's core mission is to enable individuals without coding expertise to transform their ideas into fully functional web applications. Users can describe their app concepts in plain English, and the platform handles the complexities of design, coding, and deployment.
This latest funding round brings Lovable's total capital raised to over $20 million, building on a previous –6.8 million pre-seed round closed in October. The capital infusion is earmarked to accelerate product development, expand the team, and further enhance the platform's AI capabilities. Investors are keen on Lovable's potential to disrupt the traditional software development landscape by making app creation accessible to a broader audience.
According to Anton Osika, the platform has already facilitated the creation of "hundreds of commercial apps" and sees "at least 25,000 apps a day" being built. This rapid adoption underscores the demand for tools that streamline the development process. The company plans to expand integrations with third-party services, including Supabase for databases and GitHub for code storage, offering users more flexibility and control over their projects.
The platform's appeal lies in its promise to "Build Your Dream App – No Code Needed," as stated in the recent tweet. It claims to "Turn your ideas into powerful apps with GPT-5," emphasizing its advanced AI integration to simplify complex tasks. Lovable positions itself as a fast, easy, and free solution for getting started, aiming to empower non-technical users to bring their digital visions to life without writing a single line of code.