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

Company Overview - Lovable, a Swedish vibe coding unicorn, has doubled its annual recurring revenue (ARR) to $200 million in just four months, achieving this milestone shortly after surpassing $100 million in ARR in July [1][6] Strategic Decisions - The company's decision to remain in Europe rather than relocating to Silicon Valley is credited as a key factor in its success, despite early advice suggesting that success would only come from moving to the U.S. [2] - The CEO emphasized that building a global AI company from Europe is possible, highlighting the availability of talent when there is a strong mission and urgency among the team [3] Talent Acquisition - Lovable has attracted strong talent from Silicon Valley companies such as Notion and Gusto to work in-person in Stockholm, which has contributed to its growth [4] Community Engagement - The open-source community has played a significant role in improving Lovable's technology, with active discussions and contributions occurring on platforms like Discord [5] Industry Context - The vibe coding sector is experiencing significant venture capital interest, as evidenced by AI-coding startup Cursor raising $2.3 billion, which reflects the growing traction among users [5] - Lovable has raised over $225 million in venture funding since its inception, with a recent $200 million Series A round led by Accel, valuing the company at $1.8 billion [6]