Lovable Secures $330M at $6.6B Valuation for AI Development Platform

Swedish AI startup Lovable raises massive Series B round led by CapitalG and Menlo Ventures as enterprises embrace no-code software development.

NewDecoded

Published Dec 18, 2025

Dec 18, 2025

4 min read

Image by Lovable

Lovable has closed a $330 million Series B funding round at a $6.6 billion valuation, with CapitalG and Menlo Ventures' Anthology Fund leading the investment. The round attracted participation from corporate venture arms including NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, Atlassian Ventures, and HubSpot Ventures, alongside Khosla Ventures, DST Global, and returning investors Accel and Creandum. The Swedish startup, founded in 2023, has achieved remarkable traction with over 100,000 new projects built daily on its platform and 25 million total projects created in its first year. Lovable-built websites and apps now receive 6 million daily visits, accumulating over 500 million visits in the past six months alone. The company has already reached $200 million in annual recurring revenue and projects hitting $1 billion ARR within twelve months.

Enterprise Momentum

Major enterprises including Klarna and Deutsche Telekom have adopted Lovable to accelerate product development cycles. One ERP platform reduced a four-week project requiring 20 people to just four days with four people, with 75% of their front-end now generated through Lovable. Zendesk reports that prototyping timelines collapsed from six weeks to three hours, while a global ridesharing platform cut design concept testing from six weeks to five days. Beyond prototyping, companies are deploying Lovable-built applications in production. A nurse at a major healthcare organization built a patient journey visualization app now included with every invoice as standard. An enterprise HR platform rebuilt complex onboarding workflow tools in days rather than months, adding features like task tracking and AI assistance.

Founder Success Stories

The platform is enabling a new generation of businesses to launch rapidly. Lumoo, an AI-powered fashion platform, reached $800K ARR in nine months serving Nordic fashion brands. ShiftNex, a healthcare staffing platform, achieved $1M ARR in five months with 5,000+ users. Brazilian edtech company Q Group generated $3 million in revenue within 48 hours of launching their premium platform built on Lovable. The funding will accelerate development across three priorities: deeper integrations with tools like Notion, Linear, and Jira; enhanced collaboration and governance features for enterprise teams; and expanded infrastructure capabilities including hosting, databases, authentication, and payment processing to support production deployments.

Decoded Take

Lovable's $330 million raise at a $6.6 billion valuation signals a fundamental shift in enterprise software development, positioning AI-powered development platforms as legitimate alternatives to traditional coding. The diverse investor base spanning corporate venture arms from NVIDIA, Salesforce, and Databricks alongside top-tier VCs validates the thesis that democratized software creation represents a massive market opportunity rather than a niche productivity tool.

Most tellingly, the transition from prototyping to production deployments at Fortune 500 companies like Deutsche Telekom and major healthcare organizations demonstrates this technology has crossed the chasm from experimentation to mission-critical adoption. With Lovable already at $200M ARR and projecting $1B within a year, the "builder economy" appears poised to fundamentally reshape who creates software and how quickly ideas can become functioning businesses.