AI company Lovable secures $330 million in funding, reaching a valuation of $6.6 billion.

Stockholm-based AI startup Lovable has secured $330 million in a Series B funding round, boosting its valuation to $6.6 billion, a significant increase from earlier this year.

This round was spearheaded by CapitalG and Menlo Ventures, with contributions from Khosla Ventures, Salesforce Ventures, Databricks Ventures, and other investors.

The funding arrives just five months after Lovable garnered $200 million at a $1.8 billion valuation.
Lovable is active in the rapidly evolving vibe coding sector, enabling users to create websites and applications through natural-language prompts, eliminating the need for conventional coding skills.

The company has announced an annual recurring revenue of $200 million, doubling from $100 million earlier in the year, and currently serves over 320,000 paying customers.

Its clientele includes major enterprises like Klarna, Uber, and Deutsche Telekom, as well as an increasing number of startups and individual creators.

Lovable indicated that the new funds will be used to enhance product capabilities, broaden integrations with third-party tools such as payment and workflow platforms, and bolster enterprise-grade features to transition customers from prototypes to production-ready applications.