Swedish coding startup vibe Lovable has more than tripled its valuation in just five months.
Stockholm-based Lovable on Thursday said it had raised $330 million in a Series B funding round led by CapitalG and Menlo Ventures, at a valuation of $6.6 billion. Khosla Ventures, Salesforce Ventures and Databricks Ventures also participated, as did other investors.
That raise comes just months after Lovable raised a $200 million Series A round that valued the company at $1.8 billion in July.
One of the fastest to take advantage of the AI boom, Lovable has created a “vibe-coding” tool that allows users to use text messages to write code and build complete apps. The company launched in 2024 and has grown incredibly fast: It hit the $100 million ARR milestone within eight months, and just four months later, it doubled to surpass $200 million in annual recurring revenue.
The company counts big software names like Klarna, Uber and Zendesk as clients and claims more than 100,000 new projects are created on its platform every day, and more than 25 million projects were created in the first year.
Lovable said it will use the new funding to build deeper integrations with third-party applications, expand its capabilities for enterprise cases, and to enrich its platform with the infrastructure needed — such as databases, payments and hosting — to build integrated applications and services.
Beloved co-founder and CEO Anton Osika said on stage at this year’s Slush conference in Helsinki, Finland, that he credits the company’s ability to scale to his decision to ignore investor calls to relocate the company to Silicon Valley.
Techcrunch event
San Francisco
|
13-15 October 2026
“It was tempting, but I really resisted it,” Osika said on stage at the November conference. “I [can] Sit here now and say, “Look, guys, you can build a global AI company out of this country.” There is more talent available if you have a strong mission and a great urgency to come together as a team and work.”
In November, the company was ordered not to pay VAT, a tax that applies to most goods and services in the European Union (EU). Osika confirmed that this was true in a Post on LinkedInsaying the company would fix the situation and closed comments saying taxes like this are why the EU is not a good home for high-growth startups.
Coding Vibe continues to be a hot investment area for VCs. Cursor, another vibe-coding darling, raised $2.3 billion in November at a $29.3 billion valuation. Like Lovable, this was also the company’s second funding round of the year, with its valuation doubling between June and November.
TechCrunch has reached out to Lovable for additional information.
