Stockholm-based vibe-coding startup Lovable, founded in 2024 by Anton Osika, has raised $330 million in a Series B funding round valuing the company at $6.6 billion—more than tripling its valuation in roughly five months. The round was led by CapitalG and Menlo Ventures, with participation from Khosla Ventures, Salesforce Ventures, Databricks Ventures, and other backers.
The raise follows a $200 million Series A completed in July that valued the company at $1.8 billion. Lovable has scaled rapidly amid strong demand for AI-driven software tools, reaching $100 million in annual recurring revenue within months of launch and surpassing $200 million shortly after. The platform allows users to build full applications using text prompts and counts companies such as Klarna, Uber, and Zendesk among its customers.
According to the company, more than 100,000 new projects are created on Lovable each day, with over 25 million projects built in its first year. The new funding will be used to deepen third-party integrations, expand enterprise features, and build out infrastructure including databases, payments, and hosting.
Osika has emphasized that keeping the company headquartered in Sweden was a deliberate decision tied to its growth strategy. “It was tempting, but I really resisted that,” he said, pointing to access to talent and the urgency created by a shared mission. The company has also acknowledged a VAT compliance issue raised in November and said it is taking steps to address it, as investor interest in vibe-coding startups continues to accelerate.
