The world of software development is undergoing a paradigm shift. On Thursday, December 18, 2024, Stockholm-based AI startup Lovable announced it has raised $330 million in a Series B funding round, catapulting its valuation to a staggering $6.6 billion.
This milestone represents a triple-valuation jump in just five months, following a $1.8 billion valuation in July 2025. Leading the charge are heavyweights like CapitalG (Alphabet’s independent growth fund) and Menlo Ventures, alongside a "who's who" of the tech world, including Khosla Ventures, Salesforce Ventures, and Databricks Ventures.
What is "Vibe Coding"?
The term "Vibe Coding"—coined by AI luminary Andrej Karpathy—describes a new era of software development where the barrier between human intent and computer code practically vanishes.
Instead of writing syntax, "vibe coders" use natural language prompts to describe the vibe and functionality they want. Lovable’s platform then interprets these prompts to generate production-ready code, handle UI design, and manage backend logic in real-time.
By the Numbers: Lovable’s Blazing Growth
Lovable’s trajectory is being described by venture capitalists as "breakneck." The company has set a new gold standard for SaaS scaling in the AI era.
| Milestone | Date | Timeframe |
| Launch | Early 2024 | Day 0 |
| $100M ARR | October 2025 | 8 Months |
| $200M ARR | December 2025 | 12 Months |
| Valuation | $6.6 Billion | 1.5 Years |
Currently, Lovable powers over 100,000 new projects every day, with over 25 million total projects built on the platform in its first year alone. Enterprises like Deutsche Telekom, Klarna, and Zendesk are already using the tool to slash development times from weeks to hours.
The Series B: Who’s Betting on the Vibe?
The latest $330 million infusion is designed to cement Lovable’s position as the global leader in no-code app development. The round saw participation from a diverse array of strategic and venture partners:
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Lead Investors: CapitalG, Menlo Ventures (Anthology fund).
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Strategic Partners: NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, Atlassian Ventures, and HubSpot Ventures.
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Returning Backers: Accel, Creandum, and EQT Growth.
Laela Sturdy, Managing Partner at CapitalG, noted that the demand from Fortune 500 companies signals a "fundamental shift" in how the world builds software.
Why the World is Falling for Lovable
The success of Lovable isn't just about the technology; it's about the democratization of creation.
By allowing non-technical "builders"—product managers, marketers, healthcare workers, and artists—to ship fully functional web apps, Lovable is tapping into a market previously locked away behind expensive engineering degrees. As CEO Anton Osika puts it: "We’re not just democratizing code; we’re helping everyone realize they have things to build."
With new offices planned for San Francisco and Boston, the Swedish startup is no longer just a European unicorn; it is a global powerhouse redefining the $4.7 trillion software industry.
Do you think "vibe coding" will eventually replace traditional software engineering, or will it remain a tool for rapid prototyping?
🔗 Sources & Further Reading:
▪️ CNBC: Swedish AI startup Lovable valued at $6.6 billion in latest funding round
▪️ Tech.eu: Lovable raises $330M at a $6.6B valuation to turn non-developers into builders
▪️ Google Cloud: Vibe Coding Explained - Tools and Guides
▪️ Techmeme: Lovable raises $330M led by CapitalG and Menlo Ventures
