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

Swedish vibe coding startup Lovable has much than tripled its valuation successful conscionable 5 months.

Stockholm-based Lovable connected Thursday said it had raised $330 cardinal successful a Series B backing round that was led by CapitalG and Menlo Ventures, astatine a $6.6 cardinal valuation. Khosla Ventures, Salesforce Ventures and Databricks Ventures besides participated, arsenic did different investors.

This rise comes specified months aft Lovable raised a $200 cardinal Series A round that valued the institution astatine $1.8 cardinal successful July.

One of the quickest to capitalize connected the AI boom, Lovable has built a “vibe-coding” instrumentality that lets radical usage substance prompts to constitute codification and physique implicit apps. The institution launched successful 2024, and has grown blazing fast: it reached the vaunted $100 cardinal ARR milestone wrong 8 months, and conscionable 4 months later, doubled that to surpass $200 cardinal successful yearly recurring revenue.

The institution counts large bundle names similar Klarna, Uber and Zendesk arsenic customers, and claims that much than 100,000 caller projects are built connected its level each day, and much than 25 cardinal projects were created successful its archetypal year.

Lovable said it would usage the caller backing for gathering deeper integrations with third-party apps, expanding its features for endeavor use-cases, and soma retired its level with the infrastructure needed — similar databases, payments and hosting — to physique full-fledged applications and services.

Lovable co-founder and CEO Anton Osika said connected signifier astatine this year’s Slush league successful Helsinki, Finland that helium credits the company’s quality to standard to his determination to disregard calls from investors to relocate the institution to Silicon Valley.

“It was tempting, but I truly resisted that,” Osika said connected signifier astatine the November conference. “I [can] beryllium present present and say, ‘Look, guys, you tin physique a planetary AI institution from this country.’ There is much disposable endowment if you person a beardown mission, and you person a batch of urgency coming unneurotic arsenic a radical and working.”

In November, the institution was called retired for not paying VAT, a taxation that applies to astir goods and services successful the European Union (EU). Osika confirmed that this was existent successful a LinkedIn post, saying that the institution would remedy the situation, and unopen down comments saying taxes similar this are wherefore the EU isn’t a bully location for high-growth startups.

Vibe coding continues to beryllium a blistery country of investing for VCs. Cursor, different vibe coding darling, raised $2.5 cardinal successful November astatine a $29.3 cardinal valuation. Like Lovable, this was besides the company’s 2nd backing round of the year, seeing its valuation treble betwixt June and November.

TechCrunch reached retired to Lovable for immoderate further information.