Every seat at the Bella Center in Copenhagen is full, and Anon Osika, co-founder of AI Coding app Lovable, made the stage at this year’s TechBBQ conference.
Lovely specialized research helps people build applications and websites, especially those without coding experience. It is one of the outstanding figures in the popular AI category, called Vibe Coding, which allows users to guide AI models when generating code, websites, or entire applications.
This is an attractive proposition for users: Swedish company said in just eight months that it exceeded $100 million in ARR and Raised $200 million Series A Valued at $1.8 billion – making it the fastest growing unicorn in Europe. Financial Times Investors already hope to launch Series B Boffering a deal that will the company value $4 billion. So far, there is no sign of cuteness being interested.
Speaking at TechCrunch, Osika listed lovely vision as the best place to build software products: a platform that allows users (especially founders) to go through all stages of product development so that they can build AI-NAINIDE companies more easily.
“If you run a business, you want to set up a lot of things like payments, knowing your users, and in the future, maybe even “I need to merge my company,” he said. “I hope to help all of these things lovely.”
Late June, cute Publish an agent to help Users read files, debug errors, search the network, generate images and find files – the first step toward a good vision.
Lovely, it now has more than 2.3 million active users, of which 180,000 are paying. Osika said the company chose its pricing only by deciding to help the company’s own costs. His favorite cute use cases include marketers building sales training platforms and engineers running multiple small businesses on the platform.
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“In the past, you could have created a really great first draft with lovely people. Now, you can build a complete product, which is more like working with a real developer,” he said.
AI-generated code has been criticized for Too fragile – More suitable for demonstration than making a product – but Osika said he wasn’t worried. The CEO tells us that all code should be reviewed before release, whether it is AI or human generation. ”
Currently, the lovely ones are other basic models, including the anthropomorphic Claude and Openai’s GPT-5. There are some tensions in this relationship, as both humans and OpenAi run their own product development services: Claude Code and Codex respectively. These systems are not exactly the same as cute ones, but it’s easy to imagine any modeling company trying to steal cute users through strategic product transfers.
So far, Osika doesn’t seem to be worried. He told TechCrunch that Crunch is just focused on making the best products and being able to do this with all the different types of AI model providers that need to stick to their own models.
“This puts us in a better position than they do,” he continues. He believes that leveraging numerous basic models provides its users with “unparalleled functionality” while also giving the company a rapidly growing flexibility without bearing the weight of a duplicate infrastructure.
“The goal you can achieve is to continue to expand,” he continued. To beat the competition, he said the team focused on how to stay fast and secure while delivering an easy user experience.
“If we continue to do this, we will build more trust than anyone else,” he said. “That’s simple.”
One month since ligable’s peers in the App Design field, it launched a blockbuster IPO, reaching a market value of $19.3 billion on its opening day. When asked about figs, Osica once again stated that his company is focused on making the best products for users.
“It’s important as long as we listen to users and give them what they need,” he said.
Lovely people already have a profound relationship with the Swedish technology market. Osika grew up in Stockholm and founded a company there. According to PitchBook, the company’s investor list includes a list of top European companies and angel investors, such as Stefan Lindeberg (Sweden, Nordic Games); Fredrik Hjelm (Swedish, founder of the guest), Greens Venture Capital (Nordic), Hummingbird Venture Capital (London); and 20VC (London, founded by Harry Stebings, who launched European projects to invest more into the ecosystem).
Revolut CEO Nik Storonsky (based in Europe) is also an angel investor of the company, Swedish founder Sebastian Siemiatkowski is the company and its company Klarna is also a lovely client. Other well-known customers include Hubspot and Photoroom.
At the conference, investors and founders lamented the significance of the company’s residence in Europe to the Nordic startup ecosystem.
“The success of cute and other European AI unicorns is a success for the whole of Europe,” Shamillah Bankiya, head of Dawn Capital, said in an interview with TechCrunch. Although not an investor, her company has followed Osika as founder for a while and invested in other AI companies through Dawn.
“Beyond the direct influence of the thousands of Europeans employed by these companies, the greater impact is cultural,” she continued. “It raises the bar for ambitious founders that can be dreamed and achieved throughout the continent.”
Osika said that while there is indeed a team in Los Angeles, the cute plan is staying in Europe. Many European tech companies eventually find themselves moving to states for more capital and opportunities, but Osika doesn’t think cute is one of them at this time.
After a lovely success, Osika himself has begun investing in other founders. Dennis Green-Lieber’s Danish Client Intelligence Company Propaneas part of its $1.2 million advance round, just received an investment from Osika. Green-Lieber said the lovely people prove that many in the Nordic scene have felt: they also have world-class talent and can play football on the global stage.
“Yes, we have giants like Zendesk, Unity, Klarna and Spotify over the past decade, but the cute show is that with small teams, global mindset and ruthless efforts, you can still build a company that defines the category,” he continued. “As a founder, I can say that this ignites a fire in our ecosystem so that that happens at home.”
This article is updated to clarify the circle of Osika investment.
