Stockholm-based AI software startup Lovable has raised $330 million, valuing the company at $6.6 billion — nearly 4x in under six months.
The round was led by Alphabet’s CapitalG and Menlo Ventures, with participation from Nvidia’s VC arm and strategic investors including Salesforce, Databricks, and Atlassian.
🚀 Why investors are paying attention
- Explosive demand for agentic AI coding tools
- Rapid rise of “vibe coding” — building software via natural language prompts
- Strong traction: $100M ARR reached in ~8 months after its first $1M
Lovable enables non-technical founders and teams to build and iterate on full applications without traditional coding — positioning it directly against players like Replit, OpenAI, Google, and Cursor.
📌 What’s next
The company plans to use the capital to:
- Expand enterprise-grade features
- Improve collaboration tools
- Scale infrastructure to meet surging usage
Lovable now ranks among Europe’s most valuable private tech companies, highlighting how AI-native developer platforms are moving from experimentation to core enterprise adoption.
AI isn’t just writing code anymore — it’s reshaping who gets to build.