Lovable Raises $330M at $6.6B Valuation

Lovable’s latest Series B raised $330 million, catapulting its valuation to $6.6 billion—an unprecedented leap from a $1.8 billion mark just months earlier. Backed by heavyweight firms such as Capital G, Menlo Ventures, Salesforce Ventures, and Databricks Ventures, the round underscores the fierce appetite for AI‑driven no‑code platforms. For investors, the deal signals confidence that a young, Stockholm‑based startup can scale globally without the traditional Silicon Valley safety net, reshaping how venture capital evaluates European AI unicorns.

The product has evolved from a sleek front‑end design generator into a full‑stack application builder. New integrations with Supabase, OpenAI, and payment gateways let users spin up databases, embed AI models, and monetize tools directly within the platform. Enterprises like Klarna, Zendesk, and Uber already rely on Lovable to accelerate prototype development, cutting weeks of design‑to‑code handoffs. By restricting code to existing libraries, the platform addresses early security concerns while delivering production‑ready components, positioning Lovable as a serious contender in the enterprise no‑code market.

Strategically, CEO Anton chose to keep the headquarters in Sweden, arguing that talent and mission can thrive outside Silicon Valley. While the company faced EU VAT criticism, the CEO’s public defense highlighted regulatory challenges for high‑growth startups in Europe. The broader “vibe‑coding” sector is booming, with peers like Cursor raising billions, confirming that tools enabling rapid tool creation are attracting massive capital. Lovable’s expanded infrastructure and enterprise focus suggest it will continue to capture market share, driving the next wave of AI‑augmented product development.