Lovable Raises $330 Million Series B at $6.6 Billion Valuation

Swedish AI startup Lovable has raised $330 million in Series B funding at a $6.6 billion valuation, according to Menlo Ventures. The round was co-led by CapitalG and Menlo Ventures, with participation from Khosla Ventures, Salesforce Ventures, Databricks Ventures, NVentures, and others.

Lovable’s AI platform allows users to create software using natural language prompts, enabling non-technical users to build applications without coding. The company reports that more than 25 million projects have been created on its platform to date, with over 100,000 new projects launched daily.

The new funding will be used to deepen integrations with third-party apps, expand enterprise collaboration and governance features, and enhance infrastructure for hosting, databases, and payments. Lovable’s customers include major enterprises such as Klarna, Deutsche Telekom, and Zendesk, which use the platform for rapid prototyping and internal tooling.

Founded in Stockholm in 2024, Lovable has grown rapidly, reaching $200 million in annual recurring revenue within its first year. The company says the investment will help accelerate its mission to make software creation accessible to a broader range of users.