Swedish vibe-coding startup Lovable has greater than tripled its valuation in simply 5 months.
Stockholm-based Lovable on Thursday stated it had raised $330 million in a Collection B funding spherical that was led by CapitalG and Menlo Ventures, at a $6.6 billion valuation. Khosla Ventures, Salesforce Ventures, and Databricks Ventures additionally participated, as did different buyers.
This increase comes mere months after Lovable raised a $200 million Collection A spherical that valued the corporate at $1.8 billion in July.
One of many quickest to capitalize on the AI growth, Lovable has constructed a “vibe-coding” instrument that lets individuals use textual content prompts to write down code and construct full apps. The corporate launched in 2024, and has grown blazing quick: It reached the vaunted $100 million ARR milestone inside eight months, and simply 4 months later, doubled that to surpass $200 million in annual recurring income.
The corporate counts main software program names like Klarna, Uber, and Zendesk as prospects, and claims that greater than 100,000 new tasks are constructed on its platform on daily basis, and greater than 25 million tasks had been created in its first 12 months.
Lovable stated it might use the brand new funding for constructing deeper integrations with third-party apps, increasing its options for enterprise use-cases, and to flesh out its platform with the infrastructure wanted — like databases, funds, and internet hosting — to construct full-fledged functions and providers.
Lovable co-founder and CEO Anton Osika stated onstage at this 12 months’s Slush convention in Helsinki, Finland that he credit the corporate’s potential to scale to his resolution to disregard calls from buyers to relocate the corporate to Silicon Valley.
Techcrunch occasion
San Francisco
|
October 13-15, 2026
“It was tempting, however I actually resisted that,” Osika stated onstage on the November convention. “I [can] sit right here now and say, ‘Look, guys, you may construct a world AI firm from this nation.’ There may be extra accessible expertise in case you have a robust mission, and you’ve got loads of urgency coming collectively as a bunch and dealing.”
In November, the corporate was known as out for not paying VAT, a tax that applies to most items and providers within the European Union (EU). Osika confirmed that this was true in a LinkedIn submit, saying that the corporate would treatment the state of affairs, and shut down feedback saying taxes like this are why the EU isn’t a very good house for high-growth startups.
Vibe coding continues to be a scorching space of investing for VCs. Cursor, one other vibe-coding darling, raised $2.3 billion in November at a $29.3 billion valuation. Like Lovable, this was additionally the corporate’s second funding spherical of the 12 months, seeing its valuation double between June and November.
TechCrunch reached out to Lovable for any further info.
