TL;DR:
• Loveable targets $1B ARR within 12 months from current $250M projection
• Company grows $8M+ monthly ARR, hit $100M milestone in record 8 months
• European AI unicorn raised $200M at $1.8B valuation this summer
• Sets new benchmark for AI coding platform growth amid developer tooling boom
Loveable just set the most audacious growth target in AI startup history. The vibe coding platform aims to quadruple its annual recurring revenue from $250 million to $1 billion within 12 months, CEO Anton Osika announced Thursday. This comes after the European unicorn hit $100 million ARR just eight months post-launch, making it one of the fastest-growing enterprise AI companies ever tracked.
Loveable just rewrote the playbook for AI startup growth trajectories. Speaking on Bloomberg TV Thursday, CEO Anton Osika laid out projections that would make the Swedish 'vibe coding' platform one of the fastest companies ever to reach unicorn-scale revenue. The ambitious timeline reflects how AI-powered development tools are reshaping enterprise software adoption rates.
The numbers tell a staggering story of acceleration. Loveable currently adds at least $8 million in ARR monthly, according to Osika's Bloomberg interview. The company documented hitting $100 million ARR just eight months after generating its first million dollars in revenue - a milestone that traditionally takes enterprise software companies years to achieve. Now Osika projects reaching $250 million ARR by year-end before attempting the leap to $1 billion.
"We're seeing unprecedented demand for AI-native development platforms," Osika told Bloomberg, highlighting how enterprises are rapidly adopting tools that can generate functional code from natural language prompts. The 'vibe coding' approach - where developers describe what they want rather than writing traditional syntax - represents a fundamental shift in how software gets built.
The growth trajectory puts Loveable in rarefied company among European tech darlings. Founded in 2023, the Stockholm-based startup secured unicorn status this summer with a $200 million Series A at a $1.8 billion valuation. The funding round positioned Loveable as Europe's answer to and , both of which have seen explosive adoption among developers.
