Lovable raises $330M at $6.6B valuation as vibe-coding startup triples worth in five months
11 Sources
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Vibe-coding startup Lovable raises $330M at a $6.6B valuation | TechCrunch
Swedish vibe coding startup Lovable has more than tripled its valuation in just five months. Stockholm-based Lovable on Thursday said it had raised $330 million in a Series B funding round that was led by CapitalG and Menlo Ventures, at a $6.6 billion valuation. Khosla Ventures, Salesforce
[2]
Vibe coding startup Lovable's latest funding round values it at $6.6 billion, sources say
Lovable cofounders Anton Osika and Fabian Hedin. Credit: Lovable Vibe coding startup Lovable's latest funding round values the firm at $6.6 billion and includes U.S. VC firm Accel, sources with knowledge of the deal told CNBC. That figure is more than triple the $1.8 billion valuation the Swedish
[3]
Lovable, a Start-Up That Makes Anyone a Coder, Raises $330 Million
The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July. From a young age, Anton Osika wanted to build things. That interest drew him to computer programming in high school and to working in start-ups after college in his native
[4]
Lovable wants to be 'the last piece of software' for companies, CEO says | Fortune
The round was led by CapitalG and Menlo Ventures' Anthology fund, with participation from NVIDIA's venture arm NVentures, Salesforce Ventures, Databricks Ventures, and strategic investors including Atlassian Ventures and HubSpot Ventures. It comes just one month after Lovable announced it had hit
[5]
AI coding startup Lovable raises $330M round backed by Nvidia, other tech heavyweights - SiliconANGLE
AI coding startup Lovable raises $330M round backed by Nvidia, other tech heavyweights Lovable Labs Inc., the creator of a popular artificial intelligence tool for building websites and applications, today announced that it has raised $330 million in funding. Alphabet Inc.'s CapitalG fund and
[6]
Lovable raises $330M Series B at $6.6B valuation
Stockholm-based Lovable, a Swedish vibe coding startup, raised $330 million in a Series B funding round on Thursday at a $6.6 billion valuation. CapitalG and Menlo Ventures led the round, with participation from Khosla Ventures, Salesforce Ventures, Databricks Ventures, and other investors. The
[7]
This European AI Startup Tripled Its Valuation Since July
The Stockholm-based AI company enables users to build websites and apps by prompting AI models, no coding necessary. Founded in 2023, Lovable has undergone three funding rounds this year and soared to the top, becoming one of the most valuable startups in Europe. U.S. investor Khosla was included
[8]
How This 2-Year-Old AI Startup Just Hit a $6.6 Billion Valuation
Is Lovable the next unicorn? The Stockholm-based AI startup lets users with zero coding experience quickly build websites and apps. It just raised $330 million at a $6.6 billion valuation, tripling its worth from just five months ago when it raised $200 million at $1.8 billion. Lovable now has
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Lovable valued at $6.6 billion in latest funding round as AI coding demand surges
The deal also drew investment from Nvidia's venture capital arm among others, underscoring investor demand for agentic AI tools that can handle complex software development work with minimal human input, as enterprises and hobbyists increasingly adopt AI-assisted coding. AI software development
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Lovable valued at $6.6 billion in latest funding round as AI coding demand surges
Dec 18 (Reuters) - AI software development startup Lovable said on Thursday it raised $330 million in an early-stage funding round that values the Stockholm-based company at $6.6 billion. Alphabet's CapitalG and Menlo Ventures led the round, which nearly quadruples Lovable's valuation in less than
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Lovable triples its valuation and establishes itself as Europe's leader in vibe coding
The Swedish startup Lovable has reached a valuation of $6.6bn following a new funding round, according to people familiar with the matter cited by CNBC. Founded in 2023, the company was worth $1.8bn last July, marking an impressive leap in just a few months. A pioneer of "vibe coding," the company
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Stockholm-based Lovable has raised $330 million in Series B funding at a $6.6 billion valuation, more than tripling its worth since July. The AI coding startup reached $200 million in annual recurring revenue within a year of launch, letting users build apps using text prompts without any coding experience. Major tech investors including CapitalG, Menlo Ventures, and Nvidia backed the round.
Swedish AI Startup Lovable Secures Massive Funding Round
Lovable has closed a $330 million Series B funding round at a $6.6 billion valuation, marking one of the fastest valuation increases in recent startup history
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. The Swedish AI startup has more than tripled its worth in just five months, up from the $1.8 billion valuation it achieved during its $200 million Series A round in July3
. CapitalG and Menlo Ventures jointly led the round, with participation from Nvidia, Salesforce Ventures, Databricks Ventures, Khosla Ventures, Accel, Atlassian Ventures, and HubSpot Ventures4
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Source: ET
Vibe-Coding Transforms Software Development
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable has built an AI-powered tool that enables users to build apps using text prompts without requiring any coding experience
3
. This approach, known as vibe-coding, allows people to describe in plain language what they want to build, and the AI writes the code to produce that result4
. The platform retrieves external information, generates code, runs bug tests, and uses telemetry such as network traffic metrics to identify potential software flaws5
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Source: Market Screener
Source: NYT
Explosive Growth Reaches $200 Million in Annual Recurring Revenue
The AI coding startup has demonstrated remarkable traction since launching its latest product late last year. Lovable reached $100 million in ARR within eight months and doubled that figure to surpass $200 million in annual recurring revenue just four months later
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. The company now serves approximately 320,000 paying customers and reports that more than 100,000 new projects are built on its platform every day3
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. More than 25 million projects were created in its first year1
.Enterprise Customers Drive Rapid Prototyping Adoption
Lovable counts major enterprise customers including Klarna, Uber, Zendesk, and Deutsche Telekom among its users
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. At Zendesk, teams using Lovable moved from idea to working prototype in three hours instead of six weeks, according to Jorge Luthe, the company's Senior Director of Product4
. CapitalG Managing Partner Laela Sturdy noted that product managers at enterprise companies reported traditional prototyping would take weeks, but with Lovable it took hours3
. The platform serves three main use cases: building core business systems, creating internal tools that previously stalled in development backlogs, and validating ideas with functional prototypes4
.Related Stories
Investment Focus on Integration and Enterprise Features
Lovable plans to use the new funding for building deeper integrations with third-party apps like payment processors such as Stripe and document builders like Notion
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. The company aims to expand features for enterprise use-cases and develop infrastructure including databases, payments, and hosting capabilities needed to build full-fledged applications1
. Osika envisions companies using Lovable to build bespoke software on demand rather than depending on expensive, less customized products from major tech vendors4
. The company expects to double its 120-person team in the next 12 months3
.Competition Intensifies in Software Engineering AI Space
Lovable operates in an increasingly competitive landscape, facing rivals like Cursor, which raised $2.5 billion in November at a $29.3 billion valuation
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. The company also competes with existing web design and prototyping developers such as Figma and Replit3
. A significant competitive threat comes from large AI companies like OpenAI, Google, and Anthropic, which provide the foundational AI models that Lovable uses and are now releasing their own coding tools3
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. Matt Murphy, a partner at Menlo Ventures, said Lovable's strategy is to build a "beloved layer" of software on top of AI labs' models that customers want to pay for4
.References
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