Lovable Raises $75M Series A for AI App Builder
Lovable, formerly GPT Engineer, has raised $75 million in Series A funding led by Accel. The AI app builder has generated over 3 million applications and is expanding into team collaboration and enterprise deployment features.
Lovable, the AI-powered application builder formerly known as GPT Engineer, has raised $75 million in a Series A round led by Accel with participation from Founders Fund and Y Combinator. The funding values the company at $500 million, reflecting strong growth in the AI-powered development tools market.
Lovable enables users to build complete web applications through natural language descriptions. The platform generates frontend interfaces, backend logic, database schemas, and API integrations, producing production-ready code that users can deploy or export and customize further.
Since rebranding from GPT Engineer, Lovable has seen explosive growth, with users generating over 3 million applications on the platform. The most common use cases include SaaS prototypes, internal business tools, portfolio sites, and e-commerce stores.
The funding will be used to expand Lovable's capabilities into team collaboration, allowing multiple users to work on the same AI-generated application, and enterprise features including SSO, audit logging, and deployment to private cloud environments. The company is also investing in mobile application generation.
Lovable competes in an increasingly crowded AI app builder market alongside Bolt.new, Replit Agent, and v0. CEO Anton Osika differentiates Lovable by its focus on code quality and developer experience, noting that Lovable generates code that is clean enough for developers to maintain and extend without AI assistance.
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