Vibe-coding startup Lovable raises $330M at a $6.6B valuation
Lovable, a Swedish vibe-coding startup, raised $330M in a Series B round, tripling its valuation to $6.6B in just five months.Summary
Swedish startup Lovable, specializing in “vibe-coding” – using text prompts to generate code and build applications – has secured $330 million in Series B funding led by CapitalG and Menlo Ventures, achieving a $6.6 billion valuation. This rapid growth follows a $200 million Series A round in July, valuing the company at $1.8 billion. Founded in 2024, Lovable has quickly gained traction, reaching $100 million in ARR within eight months and surpassing $200 million just four months later. Key customers include Klarna, Uber, and Zendesk, with over 100,000 new projects built daily on its platform. The new funding will be used to enhance integrations, expand enterprise features, and build out the necessary infrastructure for full-fledged application development. CEO Anton Osika attributes the company’s success to remaining in Sweden, despite pressure to relocate to Silicon Valley, highlighting the availability of talent with a strong mission. The company recently addressed concerns regarding unpaid VAT taxes within the EU.
(Source：TechCrunch)