Following speculative reports, Lovable, the Swedish vibe-coding startup, just announced a massive $330 million Series B funding round at a $6.6 billion valuation, led by CapitalG and Menlo Ventures‘ Anthology fund, with NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, and T.Capital (Deutsche Telekom), Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel and Creandum are joining the round.
This caps three massive raises in 2025 alone, fueling breakout growth to $200 million in ARR by November (from $1 million in the prior year) and 100,000+ daily projects.
Empowering the “99%” lacking code skills
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable emerged from a drive to democratize software creation amid the AI boom. Founders witnessed product managers sketching ideas that never materialised, marketers stalled by engineering backlogs, and ops teams relying on spreadsheets, igniting their mission to empower the “99%” lacking code skills.
Lovable’s core tech integrates frontier AI models to interpret user prompts and generate production-ready apps in minutes, handling UI design, backend logic, hosting, databases, authentication, payments, and real-time collaboration with seamless exports to React or Next.js.
Other features include end-to-end automation at scale (100,000+ daily projects, 6 million daily visits to built sites), deep integrations with Notion, Linear, Jira, and Miro that pull in existing context, and enterprise-proven speed, like slashing Zendesk prototypes from six weeks to three hours or an ERP team generating 75% of front-end for 4x project throughput.
What’s next?
The funding enables aggressive U.S. expansion, with new offices in Boston and San Francisco to tap top talent and markets, sustaining hypergrowth in ARR while onboarding entire teams at Fortune 500 companies and fueling founders such as QuickTables ($100K/year) and Brickwise (Y Combinator-backed).
Laela Sturdy, Managing Partner at CapitalG, says, “Lovable has done something rare: built a product that enterprises and founders both love. The demand we’re seeing from Fortune 500 companies signals a fundamental shift in how software gets built. We’re proud to lead this round and support Lovable’s vision of making software creation accessible to everyone.”
Matt Murphy, Partner at Menlo Ventures, adds, “Lovable is a beloved product for all the right reasons. They’ve done what was previously unimaginable by turning a latent market of tens of millions of people into web developers and content creators. We love category builders like our previous early investments in Uber and Anthropic — companies that have the opportunity to be enormous. Lovable is showing exactly that trajectory.”
