VC arm alphabet and Nvidia has invested in a $330 million Series B in Swedish vibe coding startup Lovable at a valuation of $6.6 billion, the company announced Thursday.
The news confirmed an earlier CNBC report that reported on Tuesday that Lovable raised at that valuation, tripling its valuation from its previous round in July, and that investors included US venture capital firms Accel and Khosla Ventures.
CapitalG, one of Alphabet’s VC arm, and Menlo Ventures led the round. In addition to Accel and Khosla, Nvidia’s venture firm NVentures, actor Gwyneth Paltrow’s VC firm Kinship Ventures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, T.Capital, Hubspot Ventures, DST Global, EQT Global, Creandum, and Evantic also participated.
The new funding brings Lovable’s total raised in 2025 to more than $500 million.
“Lavable has accomplished something rare: built a product that businesses and founders alike love,” Laella Sturdy, managing partner at CapitalG, said in a statement accompanying the announcement.
“Demand from Fortune 500 companies signals a fundamental shift in the way software is built.”
Lovable’s platform uses AI models from providers like OpenAI and Anthropic to enable users to build apps and websites using text prompts without any technical knowledge of coding.
The startup reported $200 million in annual recurring revenue (ARR) in November, less than a year after hitting $1 million in annual recurring revenue (ARR) for the first time. Founded in 2023 by Anton Osika and Fabian Hedin.
Vibe coding startups have recently received significant interest from VCs as investors bet on the company’s promise to dramatically reduce the time it takes to create software and apps.
In the US, Anysphere, which created the coding tool Cursor, raised $2.3 billion in November at a valuation of $29.3 billion. In September, Replit reached a $3 billion price tag after raising $250 million, and Vercel closed a $300 million round at a valuation of $9.3 billion.
