Vibe-coding startup Lovable raises $330M at a $6.6B valuation | TechCrunch

"One of the quickest to capitalize on the AI boom, Lovable has built a "vibe-coding" tool that lets people use text prompts to write code and build complete apps. The company launched in 2024, and has grown blazing fast: it reached the vaunted $100 million ARR milestone within eight months, and just four months later, doubled that to surpass $200 million in annual recurring revenue."

"The company counts major software names like Klarna, Uber and Zendesk as customers, and claims that more than 100,000 new projects are built on its platform every day, and more than 25 million projects were created in its first year. Lovable said it would use the new funding for building deeper integrations with third-party apps, expanding its features for enterprise use-cases, and flesh out its platform with the infrastructure needed - like databases, payments and hosting - to build full-fledged applications and services."

""It was tempting, but I really resisted that," Osika said on stage at the November conference. "I [can] sit here now and say, 'Look, guys, you can build a global AI company from this country.' There is more available talent if you have a strong mission, and you have a lot of urgency coming together as a group and worki"

Lovable raised $330 million in a Series B round led by CapitalG and Menlo Ventures at a $6.6 billion valuation. The company previously raised $200 million in a Series A at a $1.8 billion valuation in July. Lovable offers a "vibe-coding" tool that uses text prompts to write code and build complete apps. Launched in 2024, the company reached $100 million ARR within eight months and surpassed $200 million ARR four months later. Customers include Klarna, Uber and Zendesk, with over 100,000 new projects built daily and more than 25 million projects in its first year. The new funds will support integrations, enterprise features, and platform infrastructure such as databases, payments and hosting. The CEO credited scaling while remaining in Sweden rather than relocating to Silicon Valley.

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