Lovable Raises $330 Million at $6.6 Billion Valuation for AI Coding Platform
Stockholm startup Lovable has raised $330M at a $6.6B valuation, led by CapitalG and Menlo Ventures. Pioneering the "vibe-coding" movement, Lovable allows users to build apps using natural language. Revenue doubled to $200M ARR in four months, signaling a massive shift in how software is created.
If you’ve been on Tech Twitter or browsing GitHub lately, you’ve probably noticed a shift. The era of agonizing over syntax errors is seemingly being replaced by something looser, faster, and frankly, cooler. It’s called "vibe-coding," and Lovable, the startup poster child for this movement, just proved that good vibes can indeed pay the bills to the tune of $6.6 billion.
The Stockholm-based startup confirmed (December 18, 2025) that it has raised $330 million in a Series B round led by heavy hitters CapitalG (Google’s independent growth fund) and Menlo Ventures. They aren’t alone; the cap table reads like a "Who’s Who" of the AI boom, with participation from Nvidia, Salesforce Ventures, and Khosla Ventures.
But the money, while eye-watering, isn’t the most interesting part of this story. It’s how they got there.
Wait, What is "Vibe-Coding"?
If you feel like you missed a meeting where this term was invented, don’t worry. It was coined recently by AI researcher Andrej Karpathy, who described it as a new way of programming where you "fully give in to the vibes, embrace exponentials, and forget that the code even exists."
In plain English? It means you don't write code line-by-line. You just tell the AI what you want in natural language (the "vibe" of the app), and it builds the entire thing: database, user interface, and backend logic in seconds.
Lovable has effectively productized this philosophy. Unlike traditional "no-code" tools that often feel like playing with rigid Lego blocks, Lovable generates actual code (React, Supabase, etc.) that you can export and own. It’s software engineering without the engineering degree.
The Numbers Are Hard to Ignore
Critics might call it a bubble, but Lovable’s growth charts look like vertical lines.
- Revenue Rocket Ship: The company reportedly hit $200 million in Annual Recurring Revenue (ARR) in November, a number that doubled in just four months (up from $100M in July).
- Valuation Jump: This new round values the company at $6.6 billion, more than tripling its $1.8 billion valuation from just five months ago.
- Adoption: The platform sees over 25,000 new projects created daily, ranging from teachers building grading tools to founders spinning up MVPs in a weekend.
"Lovable has done something rare: built a product that enterprises and founders both love," said Laela Sturdy, Managing Partner at CapitalG, in a statement that underscores just how desperately the market wants to lower the barrier to building software.
The "Vibe Check" on Social Media
The reaction to the news has been a mix of euphoria and existential dread, classic tech discourse.
On one side, you have the "Builders," a new class of non-technical creators. Social media is flooded with stories of product managers, designers, and even nurses building fully functional tools that would have previously required a five-figure budget and a dev shop. For them, Lovable is a superpower.
On the other side, you have the Skeptics. Professional developers on Reddit and Hacker News are raising valid eyebrows. The concern? "Spaghetti code." If you vibe-code your way to a massive application without understanding the underlying logic, who fixes it when it breaks? There’s a fear of creating a generation of "hollow developers" who can prompt but can’t debug.
As one Reddit user ominously put it: "The beginning is easy, the end is hard. Vibe-coding your way to production is risky."
What This Means for the Future
Lovable’s massive raise is a signal that the industry believes the future of coding is hybrid. It’s not about replacing developers (yet), but about expanding who gets to be a developer.
With competitors like Cursor and Replit also raising massive war chests, we are witnessing an arms race for the "AI interface." Lovable’s bet is that the winner won’t be the tool with the best text editor, but the one that understands human intention the best.
For now, the vibes are immaculate in Stockholm. But as with any $6.6 billion valuation, the pressure is now on to prove that this isn't just a fleeting moment, but a fundamental shift in how the world builds software.
