logo
Swedish ‘Vibe Coding' Startup Lovable in Talks for $1.5 Billion Valuation

Swedish ‘Vibe Coding' Startup Lovable in Talks for $1.5 Billion Valuation

Bloomberg09-06-2025

Lovable, an AI startup that streamlines software development, is in talks for a large funding round that would make it one of Europe's biggest artificial intelligence newcomers.
The Swedish startup has held discussions with US investors to raise at least $100 million at a valuation of $1.5 billion or higher, according to people familiar with the matter. The talks are early and the terms could change, said the people, who asked not to be named because the information is private.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK to Invest £275 Million to Train Skilled British Workers
UK to Invest £275 Million to Train Skilled British Workers

Bloomberg

time28 minutes ago

  • Bloomberg

UK to Invest £275 Million to Train Skilled British Workers

The UK will invest £275 million ($371 million) to grow the country's skilled workforce as Prime Minister Keir Starmer seeks to accelerate economic growth and reduce reliance on foreign labor. The funding, announced on Sunday, will be used to overhaul technical training and apprenticeships, aiming to plug skills shortages in sectors like engineering and defence. It's part of a new industrial strategy that includes a 10-year plan for national renewal the government plans to outline this week.

Starmer puts skills training at heart of industrial strategy plan
Starmer puts skills training at heart of industrial strategy plan

Yahoo

time32 minutes ago

  • Yahoo

Starmer puts skills training at heart of industrial strategy plan

Sir Keir Starmer will set out his industrial strategy on Monday as he seeks to kickstart the stuttering economy and reduce the UK's reliance on foreign workers. The decade-long plan for 'national renewal' will include £275 million in skills investment to train Britons to do jobs in growth industries which might otherwise require imported labour. The strategy will include specific funding to train people for work in defence, engineering, digital and construction roles. Business Secretary Jonathan Reynolds said the strategy 'will help transform our skills system to end the overreliance on foreign labour and ensure British workers can secure good, well-paid jobs in the industries of tomorrow and drive growth and investment right across the country'. Monday's industrial strategy will be followed later in the week by a new trade plan intended to make the UK the best-connected country in the world to do business. The Prime Minister will launch the industrial strategy hoping it will help in his mission of delivering economic growth. The economy shrank by 0.3% in April, the biggest monthly contraction in gross domestic product for a year-and-a-half, as businesses felt the impact of global uncertainty caused by Donald Trump's tariffs and domestic pressure as a result of hikes to firms' national insurance contributions. Around one-in-seven young people are not in education or employment, and the number of people taking an apprenticeship has fallen by almost a fifth between 2016/17 and 2023/24. The Government hopes the growth sectors identified in the industrial strategy will create 1.1 million new jobs by 2035. The skills package includes capital investment from a £200 million fund which will support new facilities including 'technical excellence colleges' providing specialised training for local industries. The total funding is expected to train thousands more workers by 2029 including computer programmers, IT technicians, electrical and civil engineers. Education Secretary Bridget Phillipson said: 'Skills rightly run right through the heart of this industrial strategy because they are key to breaking the link between background and success for young people and delivering prosperity for our country.' Stephen Phipson, the boss of manufacturers' organisation Make UK, welcomed the skills announcement. 'We look forward to working with the Government to fix the skills gap in manufacturing, which has been the sector's Achilles' heel for decades,' he said. Other elements of the plan are expected to include measures to help cut energy costs for industries which have complained they are being forced to compete with rivals overseas who face lower bills. Meanwhile some £380 million will be spent on a range of projects intended to double private investment in the creative industries. Shadow business secretary Andrew Griffith welcomed the investment in skills but said 'the Government are stepping on the accelerator and the brake at the same time' by hiking national insurance for firms and introducing extra employment rights which could increase costs. 'This inherent contradiction cannot make for a feasible or serious strategy, and will hold the Government to account for it,' he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Is Now The Time To Put Data#3 (ASX:DTL) On Your Watchlist?
Is Now The Time To Put Data#3 (ASX:DTL) On Your Watchlist?

Yahoo

time32 minutes ago

  • Yahoo

Is Now The Time To Put Data#3 (ASX:DTL) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. In contrast to all that, many investors prefer to focus on companies like Data#3 (ASX:DTL), which has not only revenues, but also profits. Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That means EPS growth is considered a real positive by most successful long-term investors. Data#3 managed to grow EPS by 16% per year, over three years. That growth rate is fairly good, assuming the company can keep it up. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. It was a year of stability for Data#3 as both revenue and EBIT margins remained have been flat over the past year. That's not a major concern but nor does it point to the long term growth we like to see. The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers. Check out our latest analysis for Data#3 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Data#3's future EPS 100% free. It's pleasing to see company leaders with putting their money on the line, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. Data#3 followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. As a matter of fact, their holding is valued at AU$31m. That's a lot of money, and no small incentive to work hard. Despite being just 2.7% of the company, the value of that investment is enough to show insiders have plenty riding on the venture. It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. Well, based on the CEO pay, you'd argue that they are indeed. The median total compensation for CEOs of companies similar in size to Data#3, with market caps between AU$620m and AU$2.5b, is around AU$1.7m. The Data#3 CEO received AU$1.1m in compensation for the year ending June 2024. That seems pretty reasonable, especially given it's below the median for similar sized companies. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense. As previously touched on, Data#3 is a growing business, which is encouraging. Earnings growth might be the main attraction for Data#3, but the fun does not stop there. With a meaningful level of insider ownership, and reasonable CEO pay, a reasonable mind might conclude that this is one stock worth watching. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Data#3 that you should be aware of. Although Data#3 certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of Australian companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store