Swedish Vibe-Coding Startup Lovable Triples Valuation in Just Five Months

Stockholm-based vibe-coding startup Lovable has more than tripled its valuation in under half a year, marking one of the fastest value accelerations seen in the AI tooling space.

On Thursday, Lovable announced it raised $330 million in a Series B funding round, led by CapitalG and Menlo Ventures, at a $6.6 billion valuation. Other participants included Khosla Ventures, Salesforce Ventures, Databricks Ventures, and additional investors.

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A Meteoric Rise in Funding and Valuation

The latest round comes only months after Lovable closed a $200 million Series A in July, which valued the company at $1.8 billion.

In just five months, Lovable’s valuation jumped nearly 4x, underscoring investor enthusiasm for AI-powered developer toolsΓÇöparticularly those that lower the barrier to software creation.

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What Is Vibe Coding?

Lovable is one of the earliest companies to successfully commercialize **“vibe coding”**ΓÇöa concept where users build software by describing what they want in natural language.

Using text prompts, users can:

• Write production-ready code
• Build full applications
• Rapidly prototype software without deep engineering expertise

Founded in 2024, the company capitalized early on the generative AI boom and has scaled at an exceptional pace.

Explosive Revenue and Platform Growth

Lovable’s growth metrics are striking:

• Reached $100 million in ARR within 8 months
• Surpassed $200 million ARR just 4 months later
• More than 100,000 new projects created daily
• Over 25 million projects built in its first year

Its customer base includes major software companies such as Klarna, Uber, and Zendesk.

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How Lovable Plans to Use the New Funding

According to the company, the fresh capital will be used to:

• Build deeper integrations with third-party applications
• Expand enterprise-grade features
• Develop core infrastructure such as:
  • Databases
  • Payments