The venture capital arms of Alphabet and Nvidia have invested in Swedish AI coding startup Lovable as part of a $330 million Series B funding round that values the company at $6.6 billion.
Lovable confirmed the funding on Thursday, validating earlier reports that the round more than tripled the company’s valuation from its previous raise in July. The latest investment brings Lovable’s total funding in 2025 to over $500 million.
The round was led by CapitalG, Alphabet’s growth-stage investment arm, and Menlo Ventures. Other participants included Accel, Khosla Ventures, Nvidia’s NVentures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, HubSpot Ventures, DST Global, EQT Global, Creandum, Evantic, T.Capital, and Kinship Ventures, the VC firm founded by actor Gwyneth Paltrow.
“Lovable has done something rare: built a product that enterprises and founders both loves,” said Laela Sturdy, managing partner at CapitalG. She added that growing demand from Fortune 500 companies points to a broader shift in how software is developed.
Founded in 2023 by Anton Osika and Fabian Hedin, Lovable provides an AI-powered platform that allows users to create applications and websites using natural language prompts, without requiring traditional coding skills. The platform leverages AI models from providers including OpenAI and Anthropic.
The startup reported $200 million in annual recurring revenue (ARR) in November, less than a year after crossing $1 million in ARR for the first time.
Lovable’s rapid growth comes amid heightened investor interest in so-called “vibe coding” startups, which aim to dramatically reduce the time and technical expertise needed to build software. In recent months, several companies in the space have secured large funding rounds, reflecting strong confidence in AI-driven developer tools.
