Stockholm-based Lovable hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.
Jul 23, 2025, 06:30am EDTStockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles. in Stockholm, Sweden, a film producer friend pitched him on a startup idea: a marketplace to match films with financiers, helping European moviemakers with the neverending task of raising money.
“I was shown Lovable and knew what I was going to do for the coming years,” says Malmö, Sweden–based Jaleel Miles, who built his restaurant management startup, Quicktables, in just two months on Lovable. He has booked over $120,000 in sales from the site since May. The same tech that’s powering Lovable and its rivals is also sweeping through Silicon Valley’s professional ranks. Startups like Cursor, Cline and Cognition’s code writing tools for pro programmers are transforming how tech is built. Microsoft’s Satya Nadella claims that as much as 30% of the company’s code is now written by AI. Google’s Sundar Pichai, who has made similar claims, reportedly just spent $2.4 billion to poach the founders of Windsurf to pump up Google’s AI code tools.
Osika himself didn’t start out as a coder, even though he’s been programming since age 12 the same type of simple games that Lovable can now build in minutes. He studied physics at Sweden’s elite KTH Royal Institute of Technology and then joined CERN, the world’s largest particle physics laboratory, in Switzerland.
Vibe Coding Anton Osika Fabian Hedin Accel
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