Sweden-based Lovable, a startup specializing in vibe coding, has raised $330 million in its latest funding round, bringing the company’s valuation to $6.6 billion. For comparison, as recently as July 2025, investors had valued the company at just $1.8 billion.
The round was led by CapitalG and Menlo Ventures, with participation from Khosla Ventures, Accel, and EQT. The newly raised capital will be used to expand functionality and deepen integrations with popular services such as Stripe and Notion.
Founded in Stockholm in 2023, the startup launched its service in November 2024, allowing users to create fully functional websites and applications using simple text prompts, without requiring any technical knowledge. Built on models from OpenAI, Anthropic, and Google, the platform quickly gained significant traction.
The company’s financial performance is equally impressive. In February 2025, Lovable’s annual recurring revenue stood at $17 million, but by December it had surged to $200 million. The number of paying users has grown from 30,000 at the beginning of the year to 320,000 today, with the majority of customers being startup founders and entrepreneurs.
