Fast growing Swedish AI vibe coding startup Lavable Europe has become the latest unicorn. Just eight months after its launch, the startup has extended the $ 200 million series under the leadership of Essake on an $ 1.8 billion evaluation.
Like Cursor And other platforms that help developers write code and create apps using coding and logic abilities of large language models, stockholm-based cute people help people use the natural language to create websites and apps. The trajectory of the startup has so far charted the sky directly, the company has claimed that it now has more than 2.3 million active users.
They are users using cute for free, to be clear, but in one RecentlyStartup CEO Anton Osika said she now had more than 180,000 payments, and the company had reached an annual recurring revenue of $ 75 million in seven months. The possibility of that traction contributes to this oversized series A.
Series A participated with existing investors, including 20 VC, Bifounders, Crandam, Hummingbird and Visionary Clubs. In February, Creandum led A $ 15 million pre-series a round In the company, which at that time said that it had reached an annual recurring revenue of $ 17 million and had 30,000 payment customers.
The startup has managed this hockey-stick growth with only a beautiful rare team of 45 full-time employees. It is almost in the form of high-profile angel investors, who participated in this era, which includes CEO Sebastian Ciemiytcovski of Clarna; Remote CEO Job Van Der Voart; Slack co-founder Stewart Butterfield; And Dharmesh Shah, the co-founder of the Hubspot.
