Stockholm-based Lovable has raised $330 million in a Series B funding round led by CapitalG, one of Google’s VC divisions, Menlo Ventures, and Nvidia venture arm NVentures, valuing the AI startup at $6.6 billion. The round included participation from Khosla Ventures, Salesforce Ventures, Databricks Ventures, and other investors. The valuation more than triples Lovable’s $1.8 billion mark from July, when it raised $200 million in a Series A round.
Founded in 2024, Lovable develops a “vibe coding” platform that allows users to generate code and build complete applications using natural language prompts. The company said it reached $100 million in annual recurring revenue within eight months of launch and surpassed $200 million in ARR four months later. Its customer base includes companies such as Klarna, Uber, and Zendesk, with more than 100,000 projects created on the platform each day.
Lovable plans to use the new funding to deepen third-party integrations, expand enterprise-focused features, and build infrastructure such as databases, payments, and hosting to support full application development. The round underscores continued investor enthusiasm for AI-assisted software development, following recent multimillion-dollar fundraises by other vibe coding startups in the sector.
