Lovable Raises $330 Million in a Google, NVIDIA Backed Series B Funding Round

In Focus

• Lovable raised the funds at a $6.6 billion valuation
• The AI startup has raised over $500 million in 2025
• Lovable allows users to build websites and apps through text prompts

Google and NVIDIA have backed Lovable’s Series B funding round through their venture capital divisions. According to CNBC, the Swedish vibe coding firm has raised $330 million at a $6.6 billion valuation. This valuation is more than triple the $1.8 billion valuation that the AI startup achieved following its last funding round in July 2025.

U.S. Venture Capital Firms Participate in Fundraise

The Series B funding round is Lovable’s third fundraise in 2025. The company is seeking additional funds after experiencing significant growth that has made it one of the most valuable startups in Europe.

Earlier this year, Lovable became the fastest-growing SaaS company after it achieved $100 million in annual recurring revenue in 8 months. The AI startup offers free and paid subscription tiers to customers.

The latest Lovable funding round attracted a range of U.S. venture capital firms, including Atlassian, Accel, T. Capital, and Khosla Ventures. The new fundraise pushes the total amount raised by the Swedish AI startup in 2025 past the $500 million mark.

Lovable’s Series B funding round was led by Menlo Ventures and CapitalG, which is one of Google’s VC divisions. NVIDIA’s VC arm NVentures, Salesforce Ventures, Kinship, Databricks Ventures, Hubspot Ventures, EQT Global, and DST Global also participated in the funding round.

Lovable’s AI-Powered Vibe Coding

Lovable leverages AI models developed by artificial intelligence labs such as Anthropic and OpenAI enable users to build websites and applications through text prompts. Anthropic recently launched a cheaper version of the Claude Haiku AI model that allows developers to deploy multiple agents simultaneously easily.

Users require zero coding knowledge to use Lovable. Supporting Google’s investment in Lovable, CapitalG Managing Partner Laela Sturdy said the Swedish startup has developed products that businesses need.

“Lovable has done something rare: built a product that enterprises and founders both love. The demand we’re seeing from Fortune 500 companies signals a fundamental shift in how software gets built,” Sturdy stated as per CNBC.

Last month, Lovable started targeting enterprises with a corporate offering that allows businesses to build products faster through cross-functional teams. Already, over 50% of Fortune 500 companies use the platform to supercharge their creativity.

Growing Interest in Vibe Coding Startups

Vibe coding firms have captured the venture capital firm’s interest in recent years as investors explore their potential to reduce timelines for software and app development. In November 2025, Anysphere, a U.S.-based vibe coding startup, raised $2.3 billion at a $29.3 billion valuation.

Another startup, Replit, saw its valuation rise to $3 billion following a $250 million fundraise. Vercel also raised $300 million in a funding round at a $9.3 billion valuation.

Lovable’s annual recurring revenue stood at $200 million as per the report presented in November 2025. This came a year after the AI startup realized a million in annual recurring revenue for the first time.