What is Lovable's 'vibe-coding' tool?

Lovable's 'vibe-coding' tool allows users to generate code and build applications using simple text prompts.

How much funding did Lovable raise in its Series B round?

Lovable raised $330 million in its Series B funding round, achieving a $6.6 billion valuation.

Where is the Swedish startup Lovable based?

Lovable is a Stockholm-based startup, operating and growing successfully from Sweden.

Home / Business and Economy / Lovable's Valuation Skyrockets Sixfold in Months

Lovable's Valuation Skyrockets Sixfold in Months

18 Dec

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Summary

AI startup Lovable secured $330 million in Series B funding.
Company's valuation surged to $6.6 billion within five months.
Lovable achieved over $200 million ARR in less than a year.

Lovable's Valuation Skyrockets Sixfold in Months

Swedish AI firm Lovable has seen its valuation soar, securing $330 million in a Series B funding round led by CapitalG and Menlo Ventures. This latest investment values the company at $6.6 billion, a significant increase from its $1.8 billion valuation in July. Lovable, which launched in 2024, quickly capitalized on the AI boom with its "vibe-coding" tool, enabling code generation via text prompts.

The company's rapid ascent is marked by its achievement of over $200 million in annual recurring revenue in under a year, serving prominent clients such as Klarna and Uber. Lovable plans to utilize the new capital to deepen third-party integrations, expand enterprise features, and build out essential infrastructure for full-fledged application development.

Despite facing scrutiny over past VAT non-payment, Lovable's CEO, Anton Osika, emphasized the company's ability to scale globally from Sweden. This growth mirrors a trend in "vibe coding," with competitors like Cursor also experiencing substantial funding rounds and valuation increases.