Business • Jul 03, 2025

Lovable aims to secure $150 million funding at $2B valuation

AI startup Lovable is looking to raise over $150 million, which could bump its valuation close to $2 billion.
Accel is leading the round, with Creandum and 20VC also backing the company.
This comes just months after Lovable's earlier $15 million raise in February.

TL;DR

Lovable's rapid growth and product offerings

Launched in 2023, Lovable quickly hit $50 million in annual recurring revenue thanks to its tool that lets anyone build web apps from simple text prompts—no coding needed.
Plans start at $25 a month, making it pretty accessible.
They've also rolled out a beta AI agent that can automate tasks like code editing, using a pay-as-you-go pricing model.