Lovable is changing the rules for how software gets built and how ideas come to life. By pairing exceptional UX with AI, the team has created a way for anyone, not just trained engineers, to turn an idea into a full-stack, production-ready application in minutes. What once required months of engineering now happens in an afternoon.

And this shift is powering something bigger: the emergence of a new category of builders. Teachers, product managers, founders, and dreamers now have the tools to bring ideas to life, and they’re doing so at a scale:

• 100,000+ new projects built on Lovable every day

• 25 million+ projects created in the first year

• 500 million+ visits to Lovable-built sites and apps in six months

• 6 million+ daily visits (200M+ monthly)

These aren’t just prototypes. Enterprises are already using Lovable to dramatically cut development cycles, such as turning four-week projects into four-day sprints, reducing concept testing from months to days, and launching internal and customer-facing tools with unprecedented speed. Entire teams across product, UX, engineering, and operations are adopting Lovable as a shared interface for building, not briefing. We see this happening across companies in our portfolio. This is the age of the builder, a seismic shift in what’s possible.

Redefining How Software Gets Built

Lovable is defining a new category in software creation. By making full-stack development accessible to people who can’t code, the company is unlocking a massive new creator ecosystem. Their “vibe coding” approach, combining world-class UX with AI in a simple natural-language interface, is setting a new standard for how software gets created in the AI era.

Lovable’s product craft, idea-to-MVP speed, and rapidly compounding community flywheel give the team a meaningful execution edge. And as LLM capabilities advance, the ability to go from prompt to production-grade software will become one of the defining interfaces of the next decade.

A European Company Setting the Global Pace

What Anton, Fabian, and the team have built in Stockholm shows why Europe is such a powerful place to build AI-native companies right now. Europe’s deep technical talent, engineering culture, and strong product tradition are becoming real structural advantages. At the same time, Europe avoids the hyper-competition that often slows teams down elsewhere.

Lovable’s rapid rise is proof that global category leaders can be built, and scaled, from Europe. The team has moved fast, built with conviction, and attracted world-class talent from both Europe and Silicon Valley. Their speed, product obsession, and community-led approach have given them a clear edge as this new market expands.

EQT Growth believes that the next generation of AI companies can and will emerge from Europe. Lovable is one of the most compelling examples of that momentum and we are proud to be backing them on their successful journey. EQT Growth is the only institutional new European investor participating in this round.

Why We Invested

The market Lovable is leading is large, fast-growing, and still early. Strong self-serve traction, early enterprise adoption (including strong waitlists and customer pull), and deep latent demand for software creation point to significant runway ahead.

Lovable’s moat is already compounding. Data advantages, along with template expansion and community-driven learning & support, we see this as a strong compounding flywheel. 

The team embodies ambition and relentless execution, which is increasingly important in the highly dynamic AI software markets.

A Journey We’re Proud to Support

Lovable reflects everything we believe about the future of software, AI, and European tech: bold founders, fast execution, exceptional product craft, and a global mindset from day one.

We couldn’t be more excited to support Anton, Fabian, and the entire Lovable team as they build the defining company of the age of the builder.