Now through the end of the year is prime streaming time on Roku, with viewers spending 3.5 hours each day streaming content and shopping online. Roku Ads Manager simplifies campaign setup, lets you segment audiences, and provides real-time reporting. And, you can test creative variants and run shoppable ads to drive purchases directly on-screen.

Bonus: we’re gifting you $5K in ad credits when you spend your first $5K on Roku Ads Manager. Just sign up and use code GET5K. Terms apply.

Use code GET5K now

Hey, josh here. This is one of the craziest growth stories out of the A.I boom this year.

Here's the thing about software companies: they're not supposed to grow this fast.

Lovable, a Stockholm-based AI coding platform, just announced $200 million in annual recurring revenue—twelve months after launching publicly. Let me put that in perspective: they hit $100M ARR in July, then doubled it in four months. That's not just fast. That's "wait, is this even possible?" fast.

Lovable is what happens when you remove code from coding. You describe what you want in plain English—"I need a marketplace for vintage sneakers with Stripe payments"—and it builds you a full-stack application. Frontend, backend, database, authentication, deployment. The whole thing. No code written by you.

They call it "vibe coding," which sounds like marketing nonsense until you see the numbers: 100,000 new projects created every day. Those apps generate 5 million daily visits. The user base exploded from 2.3 million in July to 8 million by November.

The retention rate tells you everything: 85% of users are still there after 30 days. That's higher than ChatGPT's early metrics. People aren't experimenting—they're building real businesses.

In July 2025, Lovable raised $200 million at a $1.8 billion valuation. Four months later, they're reportedly closing a new round that values them above $6 billion. That's a 3.3x increase in four months.

Investors include Accel, Creandum, and a roster of European VCs who are probably feeling pretty smart right now. Total funding: around $215-228 million.

The founder, Anton Osika, started with an open-source tool called GPT Engineer that blew up on GitHub. He realized something: if AI can write code that actually works, you don't need to know how to code anymore.

That's not hyperbole. QConcursos, Brazil's largest EdTech company, built a premium platform in two weeks that generated $3 million in 48 hours. A platform called Lumoo, built entirely on Lovable, hit €700K ARR in nine months. Solo creators are building subscription services that make real money.

Klarna's CEO put it perfectly: "I used to bring an idea to a meeting. Now I bring a Lovable prototype."

The competitive landscape is wild right now—Cursor just hit a $29.3 billion valuation. But Lovable's playing a different game. While Cursor helps developers code faster, Lovable is trying to make developers optional. That's a bigger unlock.

Osika made a bet that sounds crazy in Silicon Valley: he stayed in Stockholm. Not only that, he's convinced executives from Notion and Gusto to move their families to Sweden. His argument? Europe's less chaotic AI scene allows for "thoughtful product development rather than hurried scaling."

They're opening hubs in San Francisco and Boston, but Stockholm stays home base. It's a interesting test case for whether European AI companies can scale globally without abandoning Europe.

The market they're chasing is enormous: AI in software development is projected to hit $15.7 billion by 2033. If Lovable can maintain this trajectory, we're watching the formation of a category-defining company—and possibly the moment when "knowing how to code" becomes as optional as "knowing how to build a website" is today.