Swedish vibe coding unicorn Lovable has doubled its annual recurring revenue (ARR) to $200 million in just four months, co-founder and CEO Anton Osika said on stage at the 2025 Slush technology conference in Helsinki, Finland.

The milestone comes just four months after the year-old company surpassed $100 million in ARR in July .

Osika credited the AI-assisted coding software maker’s decision not to move to Silicon Valley as the main reason for its success thus far. Osika said Lovable decided to stay in Europe despite getting a lot of early advice that the company would only be successful if it left the region and relocated to the U.S.

“It was tempting, but I really resisted that,” Osika said. “I [can] sit here now and say, ‘look, guys, you can build a global AI company from this cou

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