AI Startup Lovable Just Minted One Of Europe’s Youngest Ever Self-Made Billionaires |
Lovable’s cofounders are now billionaires, after the popular ‘vibe coding’ startup raised a new round that vaulted its valuation to $6.6 billion, tripling in less than six months. In July, it became the fastest growing software startup in history.
The Stockholm-based company announced Thursday it had raised $330 million in a funding round led by CapitalG and Menlo Ventures, with participation from firms including Khosla Ventures, Accel and EQT. The new round brings the startup’s total funding to $550 million.
Forbes estimates cofounders Anton Osika, 35, and Fabian Hedin, 26, each have an approximate 24% stake in the company, putting their net worths at $1.6 billion. Hedin’s new fortune makes him one of Europe’s youngest self-made billionaires, falling just a few months behind another Swedish AI researcher Arvid Lunnemark, cofounder of AI coding tool Cursor, who became a billionaire in........