Lovable-Backed Lumoo Secures Funding From Lovable CEO

Lumoo’s AI platform, built on Lovable, supports brands and retailers with product visualization, including virtual try-ons, automated brand modeling, and content creation.

The startup claims its AI technology outperforms existing virtual try-ons and aims to cut costly clothing returns, a problem that costs the retail industry billions annually.

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Lumoo has signed deals with brands including Gant, Brothers and AWNR Group. Lovable co-founder and CEO Anton Osika is part of a "strategic group of prominent angel investors", who are mainly from the fashion and tech industry.

Lumoo will use the funding to support international expansion and meet growing client demand. Co-founder Osika stated the startup is on track to reach €1M ARR in its first year. Lumoo was founded by Peter Thörngren and Henrik Skagerlind Fasth, who together bring 25 years of experience in fashion and retail.

Thörngren, CEO, Lumoo, said: “This investment is a strong validation of the rapid growth we are experiencing and the trust we’ve built with some of the most influential brands in the Nordics.

"The capital enables key recruitment and faster development of our AI platform, with the goal of establishing Lumoo as the global industry standard."

About Lovable

Lovable is a European platform that enables users to build apps and websites through AI-powered chat. Founded by a team of serial entrepreneurs, engineers, physicists and programmers, the company focuses on rapid, high-quality product development with a passion for innovation and user-friendly technology.