Swedish AI startup Lovable has reported a significant milestone, with its annual recurring revenue (ARR) doubling to $200 million in just four months. Announced at Slush 2025, CEO Anton Osika credited the company's decision to remain in Europe as a key factor in its success, enabling it to attract top talent from companies like Notion and Gusto to its Stockholm headquarters. Lovable has secured over $225 million in total funding, including a substantial $200 million Series A round in July, which valued the company at $18 billion. The startup's rapid growth underscores the strategic advantage of its European base in the competitive AI sector.