Lovable funding news – Stockholm-based Lovable Secures €6.8 Million in Pre Seed Round Funding

Additionally, Lovable recently launched its beta product, GPT Engineer, which received an overwhelming response. The platform acquired hundreds of paying users overnight, made it to the front page of Product Hunt and Hacker News, and has an impressive 5/5 rating on Product Hunt with 75 five-star reviews from users.

As a European alternative to US-based AI coding tools, Lovable’s GPT Engineer stands out for its exceptional performance and practical applicability. Users can simply describe desired features for websites and web apps, with GPT Engineer’s AI generating production-ready code in real-time. Congratulations to the Lovable team on these remarkable achievements.

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Unlike other AI solutions, GPT Engineer stands out by providing instant feedback and enabling rapid, accurate iteration for developers at all levels. It goes beyond just building prototypes and websites, assisting users in shipping fully functional web apps.

Anton Osika, founder and CEO, commented: “We want to expand the world’s coding capabilities beyond the current 1% of the population who can program, and make software more accessible as a result. Users love GPT Engineer because it’s like having a super senior developer sharing their tricks with them. It allows them to build startups in a week, create beautiful UIs instantly, and integrate with backends very easily. This funding will help us take the company towards a future where we can take on large-scale development while our users only have to focus on being creative and enjoying themselves.”

Firat Ileri, Partner at Hummingbird, added: “Lovable is entering the market at a crucial time when the demand for software development far outpaces the available talent. Web apps make up 80% of the software we interact with today, yet only a small minority of people can build them. While a handful of companies focus on creating AI coding assistants for software engineers, Lovable’s GPT Engineer is the only one allowing non technical people to produce the same results. Their vision, combined with their focus on reliability and real-world impact, has the potential to trigger unprecedented levels of innovation across various industries – and for thousands of people – and we’re really excited to be part of it.”

The recent funding secured by Lovable will not only enhance their team, which already includes International Olympiad in Informatics gold medalists and senior ex scaleup operators but will also fuel their efforts to attract top European talent. This investment will be instrumental in acquiring compute resources and bolstering data collection and refinement.

About Lovable

Lovable, a venture founded by Swedish entrepreneurs Anton Osika and Fabian Hedin, brings a wealth of expertise to the industry. Anton, a coding enthusiast since age 12, co-founded the Stockholm AI community. His impressive background includes being the first technical hire at Sana Labs, where he crafted award-winning AI algorithms, and co-founding Depict.ai, a YC startup that secured $20 million from leading global investors, with Anton serving as CTO.