According to AIbase, Lovable, a leading company in "Vibe Coding" from Sweden, announced on December 18, 2025, that it has completed a $330 million Series B funding round, led by CapitalG, a subsidiary of Google, and Menlo Ventures. This round has increased the company's valuation from $1.8 billion in July to $6.6 billion in just five months, a growth of 266%, firmly establishing its core position in the European AI landscape. In addition to the lead investors, top institutions such as NVIDIA (NVentures), Salesforce Ventures, Databricks Ventures, as well as Accel and Khosla Ventures also participated in this investment.

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Lovable was founded at the end of 2023 and achieved an extraordinary rise in the AI wave with its "Inspiration Coding" tool, which allows users to build full-stack applications through simple text prompts. The company reached $100 million in annual recurring revenue (ARR) in just 8 months and doubled it to $200 million within 4 months, becoming one of the fastest-growing software companies in history.

Currently, the Lovable platform supports the creation of more than 100,000 new projects daily, and its client list includes industry giants such as Klarna, Uber, and Zendesk. Despite previous compliance controversies over unpaid EU VAT and pressure from investors to relocate to Silicon Valley, CEO Anton Osika remains steadfast in Stockholm, aiming to prove that Europe is also capable of nurturing global AI unicorns.

At the new valuation of $6.6 billion, Lovable plans to use the new funds to deepen integration with third-party applications (such as Notion and Jira) and focus on enhancing enterprise features and underlying infrastructure, including native databases, payment systems, and hosting services. As competition in the "Vibe Coding" field intensifies, Lovable and its competitor Cursor are redefining the rules of software development, driving a shift from manual coding to a software engineering paradigm where "what you describe is what you get."