Today, software can be built with only a few lines of text. One Swedish start-up is pushing this idea further. Lovable, based in Stockholm, is pioneering “vibe coding.” This AI-powered method could make programming open to almost anyone.
Rapid Growth in Its First Year
In just one year, Lovable earned over $100 million in revenue. It also raised $200 million—one of the largest early-stage rounds in Europe. As a result, its valuation jumped to €1.5 billion. That growth secured its place among Europe’s fastest-rising unicorns.
What Is Vibe Coding?
Vibe coding allows users to describe an idea in plain words. The AI then produces an app, website, or tool in return. This approach removes technical barriers and helps teams move faster. In fact, they can now go from concept to prototype in hours instead of months.
This speed has already delivered results. For example, a Brazilian education company used Lovable to launch an app. Within days, the product generated millions in revenue.
Shaping the Future of Development
Lovable’s vision is bold. The platform hopes to manage everything—from prototyping to debugging. Over time, even non-specialists could design and refine digital tools.
However, CEO Anton Osika says this shift will not erase the role of developers. Instead, it will expand the field. If anyone can use AI to code, millions more people will be able to improve broken software experiences around the world.
Europe’s Chance to Lead
Europe has long trailed behind Silicon Valley and East Asia. Yet Lovable’s rise suggests that the continent can also create world-class tech leaders.
Already, more than 10,000 European businesses have built products using the platform. In addition, events such as “Project Lovable”—a Stockholm hackathon where start-ups created AI prototypes overnight—show the growing momentum.
Challenges Along the Way
Of course, the company faces strong competition. Giants like Google and OpenAI are also moving into vibe coding. Furthermore, reliability is still a concern. Lovable depends on large language models like GPT, Gemini, and Claude, which can be unpredictable.
Even so, Osika believes Lovable has an edge. According to him, the company’s speed, talent, and focus on quality will help it stay ahead of bigger rivals.
The Trillion-Dollar Question
So far, Lovable has changed how thousands of businesses build software. But its ultimate ambition is even larger: to become Europe’s first trillion-dollar company.
Whether it succeeds will depend on more than technology. Trust will also be key, especially from the 99% of people who have never coded before.
One thing is clear: vibe coding is not a passing trend. Instead, Lovable is betting it will shape the future of software itself.
Resources:
https://www.euronews.com/
https://knowledgenexuses.com/
