As Lovable hits $200M ARR, its CEO credits staying in Europe for its success

Swedish vibe coding unicorn Lovable has doubled its annual recurring revenue (ARR) to $200 million in just four months, co-founder and CEO Anton Osika said on stage at the 2025 Slush technology conference in Helsinki, Finland. The milestone comes just four months after the year-old company surpassed $100 million in ARR in July. Osika credited the AI-assisted coding software maker’s decision not to move to Silicon Valley as the main reason for its success thus far. Osika said Lovable decided to stay in E ...