Google and Nvidia back Swedish vibe coding startup Lovable at $6.6B valuation after $200M ARR surge

The venture capital arms of Google and Nvidia have joined a $330 million Series B investment in Lovable, a Stockholm-based vibe coding startup now valued at $6.6 billion. The company confirmed the round on Thursday, marking one of the largest raises to date for an AI-native software platform.

The announcement confirms CNBC’s reporting earlier this week that Lovable closed the round at the same valuation, tripling its valuation since its July financing. Accel and Khosla Ventures were among the U.S. firms backing the deal.

The timing matters. Just one month ago, Lovable disclosed that it had reached $200 million in annual recurring revenue. Bloomberg and Reuters both verified the figure, putting real financial weight behind the company’s growth claims.

CapitalG, one of Google’s venture units, and Menlo Ventures led the round. They were joined by NVentures, Nvidia’s investment arm, alongside Kinship Ventures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, T.Capital, HubSpot Ventures, DST Global, EQT Global, Creandum, and Evantic. The raise brings Lovable’s total funding in 2025 to more than $500 million.

“Lovable has done something rare: built a product that enterprises and founders both love,” said Laela Sturdy, managing partner at CapitalG, in a statement released with the funding news.“The demand we’re seeing from Fortune 500 companies signals a fundamental shift in how software gets built.”

Lovable’s platform lets users create apps and websites through text prompts, relying on AI models from providers such as OpenAI and Anthropic. The pitch is simple: remove the need to write code and let people describe what they want to build.

From $1M to $200M ARR in a Year: Lovable Raises $330M at $6.6B as Big Tech Doubles Down on Vibe Coding

That idea has found traction far beyond early adopters. Lovable now reports 2.3 million active users, more than 180,000 paying subscribers, and over 10 million projects created. The usage spans a wide range. An 11-year-old in Lisbon built a Facebook-style social network for his school. A pair of founders in Sweden built a business that now generates $700,000 in annual revenue. A Brazilian edtech company launched an app that earned $3 million in just 48 hours.

The company hit $1 million in ARR less than a year ago. Reaching $200 million within twelve months places Lovable in rare territory, even by AI startup standards. Founded in 2023 by Anton Osika and Fabian Hedin, the company is just two years old.

Interest in vibe coding startups has surged as investors bet that the creation of natural language software could reshape who gets to build technology. In the U.S., Anysphere, the company behind Cursor, raised $2.3 billion at a $29.3 billion valuation in November. Replit reached a $3 billion valuation after a $250 million round in September. Vercel raised $300 million at a $9.3 billion valuation earlier this year.

Lovable stands out for both speed and scope. Its tools are now used by teachers building classroom software, founders launching products, and large companies such as Klarna and HubSpot creating internal prototypes.

Osika has said the idea for Lovable came during a quiet morning walk. The scale today is far from quiet. Kids are shipping apps. Teams without engineers are launching companies. Large enterprises are testing ideas without long development cycles.

The company’s message is consistent across interviews and filings. Lovable is not focused on accelerating coding. It focuses on removing this barrier for people with ideas who lack technical skills.

A $200 million revenue run rate in a year is one signal. A $6.6 billion valuation backed by Google and Nvidia is another. Whether growth holds at this pace or levels off later, the direction is clear. Software development is moving toward conversation-based tools, and Lovable sits at the center of that shift.

Right now, no other company in its category is scaling this quickly. Investors are paying attention.