Stockholm-based AI startup Lovable has some admirers, with two of them being tech heavyweights Nvidia and Google.
The vibe coding noob has closed a $330 million Series B funding round, catapulting the company to a healthy $6.6 billion valuation. This figure represents more than triple the company’s worth from five months ago, when it was valued at $1.8 billion following its July funding round. The round was led by CapitalG (Alphabet’s venture arm) and Menlo Ventures, with participation from Nvidia’s NVentures, creating an alliance of AI powerhouses.
Back in 2023, this Swedish startup was founded by Anton Osika and Fabian Hedin, and has since become one of the fastest-growing companies in tech history. Lovable reached $200 million in annual recurring revenue last month, achieving this milestone in under a year after hitting its first $1 million in ARR. With fresh funding exceeding $500 million raised in 2025 alone, Lovable is probably loving life.
I’m worth billions in prizes
Behind Lovable’s meteoric rise lies vibe coding—an approach that transforms simple text descriptions into fully functional applications. Users can generate complete websites or applications by typing casual prompts into a chatbot interface, with no coding knowledge required.
Numbers from the announcement reveal Lovable’s user base creates over 100,000 new applications daily, with more than 25 million projects built on the platform in its first year. Major enterprise customers including Klarna, Uber, and Zendesk are already using the platform, with some teams reducing development time from six weeks to just three hours.
Investment frenzy
The funding announcement signals a massive shift in how tech giants view AI development tools. Nvidia’s investment strategy focuses on backing startups it considers game changers and market makers to expand the AI ecosystem. The company has already participated in 50 venture capital deals this year, surpassing its entire 2024 activity.
Market data from earlier this quarter shows vibe coding exploding across the board. Combined valuations of leading startups in this space grew 350% year-over-year, jumping from roughly $7-8 billion in mid-2024 to over $36 billion in 2025. Competitor Cursor raised $2.3 billion at a $29.3 billion valuation last month, while Replit hit a $3 billion valuation in September.
Strategic positioning reveals competing interests converging around this Swedish startup. While Nvidia wants to secure GPU demand from the next generation of AI applications, Alphabet’s CapitalG aims to push AI tools that could challenge traditional software monopolies. When these competing tech giants agree on backing the same company, something transformative is clearly happening.
Sweet software development
The announcement arguably represents more than just another AI success story—it validates a fundamental shift in how software gets built. The company’s mission to become “the last piece of software” companies ever need to buy reflects growing demand for platforms that eliminate traditional development bottlenecks.
The platform addresses the global shortage of skilled programmers by transforming millions of non-technical users into developers. When you examine the implications, Lovable has transformed a latent market of tens of millions of people into developers.
Enterprise adoption signals are undeniable. Lovable’s demand from Fortune 500 companies signals a fundamental shift in how software gets built. The company plans to use its new funding to enhance collaboration and governance capabilities, add more third-party software integrations, and application hosting features.
In the US, a water technology startup founded by two former SpaceX engineers has a lust for ‘Lyfe’ and funding.
