Investors are looking to reach the cap table of startup Lovable, which codes the Swedish atmosphere, and have made unsolicited offers for investments that value more than $4 billion in companies, reported the Financial Times.
Adorable CEO Anton Osika is currently not involved in the surge in inbound interest, according to The Times. This comes just weeks after the announcement of a $200 million round at a $1.8 billion valuation in a transaction led by Accel.
The adorable spokesman told TechCrunch that the company is currently not raising funds.
Lovable has grown rapidly over its short lifespan. In July, the startup said it had built over 10 million projects using the platform, with annual recurring revenues exceeding $100 million.
The incredible trajectory of Europe’s hottest unicorns comes just nine months after Lovable’s launch, and follows investors’ interest in the atmosphere-coded startups. Cursor maker Anysphere raised $900 million in May.
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