Swedish AI Startup Lovable Hits $6.6 Billion Valuation

Swedish AI startup Lovable has been valued at $6.6 billion in its latest funding round, capping a year of remarkable growth for the "vibe coding" platform. This marks a sharp increase from its $1.8 billion valuation in July 2025, with the new investment led by U.S. venture capital firm Accel and featuring participation from Khosla Ventures.


Key Details:

Valuation: $6.6 billion, more than tripling its July valuation.

Investors: Accel (returning investor) and Khosla Ventures.

Growth: The company reported $200 million in annual recurring revenue (ARR) in November 2025, reaching this milestone less than a year after hitting $1 million ARR.

Product: Lovable's platform allows users to build full-stack web apps and websites using natural language prompts, leveraging AI models from providers like OpenAI and Anthropic. It targets both non-technical creators and developers, powering over 100,000 new projects daily.


Expansion: Headquartered in Stockholm, Lovable plans to open offices in San Francisco and Boston to bolster its presence in the U.S. market.

Founded in late 2023 by Anton Osika and Fabian Hedin, Lovable has rapidly emerged as a leader in the generative AI coding space, competing with other high-growth startups like Cursor and Replit.