Lovable cofounders Anton Osika and Fabian Hedin. Credit: Lovable
Vibe coding startup Lovable's latest backing circular values the steadfast astatine $6.6 cardinal and includes U.S. VC steadfast Accel, sources with cognition of the woody told CNBC.
That fig is much than triple the $1.8 cardinal valuation the Swedish AI institution achieved aft closing its astir caller backing circular successful July. It's Lovable's 3rd successful 2025 and follows a breakneck twelvemonth of maturation that's seen it go 1 of Europe's astir invaluable startups.
Both sources asked to stay anonymous portion discussing backstage information. Forbes antecedently reported successful November that the circular would worth the institution astatine "around" $6 billion.
Accel was participating successful the round, some sources said, which has not been antecedently reported. Accel participated successful Lovable's erstwhile round and has emerged arsenic a cardinal backer successful the question of caller AI startups. It's participated successful billion-dollar rounds for vibe coding startup Cursor and erstwhile OpenAI enforcement Mira Murati's AI institution Thinking Machines.
U.S. capitalist Khosla Ventures is besides participating successful the latest round, 1 of the sources told CNBC.
Lovable, Accel and Khosla Ventures person been approached for remark by CNBC, but had not responded arsenic this nonfiction went live.
Founded successful 2023, Lovable reported $200 cardinal successful yearly recurring gross (ARR) successful November, conscionable nether a twelvemonth aft achieving $1 cardinal successful ARR for the archetypal time.
The startup's July fundraise picked up $200 million. As good arsenic Accel, investors past included Creandum, Klarna laminitis Sebastian Siemiatkowski, ElevenLabs laminitis Mati Staniszewski and Synthesia laminitis Victor Riparbelli.
Lovable is Europe's starring subordinate successful the vibe coding space, which has seen immense capitalist involvement successful caller times.
In the U.S., Anysphere, which created coding instrumentality Cursor, raised $2.3 cardinal astatine a $29.3 cardinal valuation successful November. In September, Replit deed a $3 cardinal terms tag aft picking up $250 cardinal and Vercel closed a $300 cardinal circular astatine a $9.3 cardinal valuation.
Based successful Stockholm, the institution is opening offices successful Boston and San Francisco.
Lovable's level uses AI models from providers similar OpenAI and Anthropic to assistance users physique apps and websites utilizing substance prompts, without the request to recognize coding.
The startup said that 100,000 projects were being built utilizing its level each time erstwhile it announced its latest ARR figures successful November.
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