Vibe-coding startup Lovable raises $330M for $6.6B valuation

Swedish vibe-coding startup Lovable has tripled its revenue in just five months.

Lovable from Stockholm on Thursday said raised $330 million in Series B financing which was led by CapitalG and Menlo Ventures, at a cost of $6.6 billion. Khosla Ventures, Salesforce Ventures, and Databricks Ventures also participated, as did other investors.

This upgrade comes a few months after Lovable’s upgrade $200 million Series A round which valued the company at $1.8 billion in July.

One of the fastest growing AI boomers, Lovable has created a “vibe-coding” tool that allows people to use words of inspiration to write code and create complete apps. The company was founded in 2024, and has grown rapidly: it has arrived achieved $100 million in ARR within eight months, and only four months later, he doubled it more than twice $200 million in annual recurring revenue.

The company counts big software names like Klarna, Uber, and Zendesk as clients, and says that more than 100,000 new projects are built on its platform every day, and more than 25 million jobs were created in its first year.

Lovable said it will use the new funds to build deeper connections with third-party software, expand its visibility into business applications, and improve its platform and the infrastructure needed – such as databases, payments, and hosting – to develop all applications and services.

Loveable co-founder and CEO Anton Osika said at this year’s Slush conference in Helsinki, Finland that he shows the company’s ability to carry out his decision to ignore calls from investors to move the company to Silicon Valley.

“It was tempting, but I turned it down,” Osika said at the November meeting. “I (could) sit here now and say, ‘Look, guys, you can build a global AI company from this country.’ There is more skill when you have hard work, and you have more enthusiasm to come together as a team and work. “

In November, the company was called upon not to pay VAT, a tax that is applied to many goods and services in the European Union (EU). Osika confirmed that this is true in a LinkedIn postsaying that the company will solve the problem, and shut down comments saying that taxes like this are the reason why the EU is not a good place to start big growth.

Vibe coding continues to be a hot spot for VC investment. Cursor, another vibe-coding favorite, was promoted $2.3 billion in November at a cost of $29.3 billion. Like Lovable, this one was too the company’s second financial unit of the year, and I see it counted twice between June and November.

TechCrunch reached out to Lovable for more information.