Swedish startup Lovable is in talks to raise $150mn at a valuation just shy of $2bn, the Financial Times reports. The Stockholm-based business has built a generative AI platform that allows non-technical users to build apps or websites based on simple text prompts. “I decided what we needed to do is build for the 99% who do not create software,” Anton Osika, Lovable’s co-founder, told TNW in April. Osika founded Lovable alongside Fabian Hedin in 2023. Last week, Osika said the company had generated $75mn in annual recurring revenue (ARR) within seven months of launching the platform, making it one…
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