Latest news with #Creandum
Yahoo
2 days ago
- Business
- Yahoo
AI startup Lovable soars to $1.8bn valuation with new funding
Swedish AI company Lovable has reached a valuation of $1.8bn (Skr17.5bn) following a $200m fundraising round. According to a Bloomberg report, the development positions Lovable as Europe's latest unicorn. The funding round was led by Accel and saw participation from existing investors including 20VC, ByFounders, Creandum, Hummingbird, and Visionaries Club. In June 2025, it was reported that Lovable was holding discussions with US investors to secure at least $100m in funding. In February 2025, the startup raised $15m in a pre-series A funding round led by Creandum. Founded in 2023, Lovable provides technology that enables users to create apps and websites without needing programming expertise. Similar to platforms such as Cursor, Lovable uses large language models to assist users in developing websites and applications through natural language. The company is part of the growing 'vibe coding' sector, which is gaining attention from both investors and customers. The startup, based in Stockholm, claims to have more than 2.3 million active users. The recent investment is expected to be used to expand its team and enhance its product offerings to support the development of more complex applications and websites. In a LinkedIn post, Lovable founder and CEO Anton Osika confirmed the fundraising. 'We're not just democratising code. We're helping everyone realise they have things to build,' he said. Last month, Lovable introduced Agent Mode in beta, a feature designed to autonomously manage tasks such as thinking, planning, and taking actions. The company claims that this upgrade reduces build error rates by 90% and minimises unwanted changes, ultimately improving user goal achievement. "AI startup Lovable soars to $1.8bn valuation with new funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
10-07-2025
- Business
- CNBC
'The window is opening again': Creandum's Peter Specht talks IPOs
Peter Specht, general partner at Creandum, discusses the challenges facing startups considering a potential European IPO, and why he thinks the U.K. is well positioned for the AI wave.
Yahoo
02-07-2025
- Business
- Yahoo
Lovable on track to raise $150M at $2B valuation
Lovable, one of the darlings of the vibe coding world and one of Europe's fastest-growing AI startups, is working on raising a fresh round of over $150 million at a near $2 billion valuation, the Financial Times reports. The raise and giant step-up in valuation comes just months after the Swedish startup raised a $15 million round led by Creandum in February. The company described that round to TechCrunch as 'pre-series A,' but with numbers this large, it's safe to say that Lovable has jumped from seed rounds to priced growth rounds, whatever the serial alphabetic label should be. Accel is said to be leading this new raise, with Creandum and others like 20VC participating. While the company is technically two years old, founded in 2023, it released its web-app building product in late November. In May, Lovable CEO Anton Osika tweeted that Lovable hit $50 million in ARR in six months. Lovable, like competitors Replit and Bolt, builds entire web apps from an initial text prompt, including a user interface/front end (often via the popular UX coding tool React) and connected to a database like Supabase. Some users say it's affordable, starting at $25 a month for 250 'credits.' One Reddit user documented an app with 29,000+ lines of code and dozens of functions built for $250. On Monday, Lovable announced that it was releasing a beta version of an AI agent that could automate more tasks like editing code after reading project files or debugging. Lovable will charge on a usage-based model for this: the more the agent is asked to do, the more credits it will charge. While this may increase fees for users if they turn over their app management to the agent, this pricing model is shaping up to be the default business model for agents. This is because the AI startups themselves have to pay variable fees to model providers like OpenAI or Anthropic. All this to say, such business model strategies would make investors happy. Accel, 20VC and Lovable did not respond to a request for comment.
TechCrunch
02-07-2025
- Business
- TechCrunch
Lovable on track to raise $150M at $2B valuation
Lovable, one of the darlings of the vibe coding world and one of Europe's fastest-growing AI startups, is working on raising a fresh round of over $150 million at a near $2 billion valuation, the Financial Times reports. The raise and giant step-up in valuation comes just months after the Swedish startup raised a $15 million round led by Creandum in February. The company described that round to TechCrunch as 'pre-series A,' but with numbers this large, it's safe to say that Lovable has jumped from seed rounds to priced growth rounds, whatever the serial alphabetic label should be. Accel is said to be leading this new raise, with Creandum and others like 20VC participating. While the company is technically two years old, founded in 2023, it released its web-app building product in late November. In May, Lovable CEO Anton Osika tweeted that Lovable hit $50 million in ARR in six months. Lovable, like competitors Replit and Bolt, builds entire web apps from an initial text prompt, including a user interface/front end (often via the popular UX coding tool React) and connected to a database like Supabase. Some users say it's affordable, starting at $25 a month for 250 'credits.' One Reddit user documented an app with 29,000+ lines of code and dozens of functions built for $250. On Monday, Lovable announced that it was releasing a beta version of an AI agent that could automate more tasks like editing code after reading project files or debugging. Lovable will charge on a usage-based model for this: the more the agent is asked to do, the more credits it will charge. While this may increase fees for users if they turn over their app management to the agent, this pricing model is shaping up to be the default business model for agents. This is because the AI startups themselves have to pay variable fees to model providers like OpenAI or Anthropic. All this to say, such business model strategies would make investors happy. Accel, 20VC and Lovable did not respond to a request for comment. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW
Finextra
26-06-2025
- Business
- Finextra
Italy's Sibill raises €12m for SME finance platform
Sibill, an Italian fintech specializing in solutions that simplify financial and administrative management for SMEs, announces the closing of a €12 million Series A funding round led by the European venture capital fund Creandum, with participation from Keen Venture Partners and other Italian and international business angels. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This round adds to the €6.7 million raised so far. Founded in 2021 by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, Sibill simplifies the administrative and financial management of Italian SMEs by centralizing invoices, payments, and deadlines in a single platform. By integrating banking cashflows and the Angenzia delle Entrate's exchange system, Sibill leverages AI to automate most manual tasks, providing real-time visibility of cashflow, helping businesses save time, keep their accounts organized, and make fast, accurate decisions. Active since 2021, the company now serves over 2,600 clients across Italy, helping entrepreneurs save an average of 5 hours per week. With a team of 50+ people, it aims to double in size by the end of 2025. Expansion to target accountants With the new capital, Sibill is preparing to expand its target market with the launch of a new solution designed to help accountants automate the accounting management of small and medium enterprises. By automating activities such as data collection, purchase recording, and bank reconciliation, Sibill will enable thousands of accounting firms across Italy to close their clients' books much faster, increasing productivity and reducing operating costs. This translates into greater efficiency, more freed-up time, and resources to reinvest in the growth of the accounting firm and the expansion of higher value-added services; for client companies, it means access to their financial statements in real time, rather than weeks or months later. At the same time, the team will work on accelerating further development of the platform, introducing new features to automate payments of taxes, suppliers, and employees, allowing bulk processing without manual entries or risk of errors. The goal is to make Sibill the go-to solution for managing the entire financial and administrative area of Italian SMEs, while maintaining the simplicity of use and intuitive design that have always distinguished it. 'This capital increase will enable us to strengthen the development of our platform, introduce new features, and build a network of strategic partnerships to support our growth. All the funds will be invested in Italy, where we see a huge opportunity: we know the reality of Italian SMEs, their challenges and potential, and we believe that — with the right tools — they can become significantly more productive and competitive,' said Mattia Montepara, CEO and co-founder of Sibill. 'The combination of large market size and legacy incumbents offering a poor user experience creates a massive opportunity for Sibill,' said Johan Brenner, General Partner at Creandum. 'This is the first of no doubt many more investments we will make in Italy as the tech ecosystem continues to grow. As part of our portfolio, Sibill joins many of Europe's leading technology firms, including Spotify, Klarna, Trade Republic, Lovable and many more.'
