AI startup Lovable raises $330 million at $6.6 billion valuation
Lovable, a Stockholm-based AI startup, just scored $330 million in Series B funding led by CapitalG and Menlo Ventures, with support from Khosla Ventures, Salesforce Ventures, and Databricks Ventures.
This fresh round bumps their valuation to an impressive $6.6 billion—up from $1.8 billion just five months ago.
What does Lovable actually do?
Founded in 2024 by Anton Osika, Lovable lets you turn plain-text prompts into fully working apps—front-end, back-end, the whole deal—in record time.
With this new funding, they're aiming to add more third-party integrations and beef up features like databases, payments, and hosting for bigger production needs.
Growth numbers that stand out
Lovable hit $100 million in annual recurring revenue within eight months of launch—and doubled that to over $200 million just four months later.
In their first year alone, users created over 25 million projects (that's about 100k new apps every day).
Big names like Klarna, Uber, and Zendesk are already on board.