Lovable, a Swedish startup that enables app and website development through AI-powered text prompts, has raised US$330 million in a series B round at a US$6.6 billion valuation.

The round was led by CapitalG, Alphabet’s venture arm, and Menlo Ventures, with participation from Nvidia’s NVentures, Accel, Khosla Ventures, Kinship Ventures, T.Capital, Hubspot Ventures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, DST Global, EQT Global, Creandum, Evantic, and others.

Lovable’s latest funding brings its total raised in 2025 to over US$500 million and more than triples its valuation since July.

The company, founded in 2023 by Anton Osika and Fabian Hedin, recently reported annual recurring revenue of US$200 million in November.

🔗 Source: CNBC

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