Lovable, a Stockholm-based AI-native software creation platform enabling utilizers to build full-stack applications without writing code, has secured €281 ($330 million) million in Series B funding – valuing the startup at €5.6 billion ($6.6 billion).
The investment round was led by CapitalG and Menlo Ventures’ Anthology fund. Other backers in this round include NVentures (NVIDIA’s venture arm), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, HubSpot Ventures, as well as Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel, Creandum, and Evantic.
“It started with individuals building tools. Now some of the world’s largest enterprises trust Lovable – and apps built with Lovable – with their data. Apps built with Lovable have obtainedten over half a billion visits combined in the last 6 months,” stated founder Anton Osika in a public statement.
In the context of 2025 European startup funding activity, several companies in AI-driven software and platform segments have also closed rounds this year – albeit generally at compacter scales compared with Lovable’s €281 million Series B:
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Peec AI (Berlin, Germany) secured an €18 million Series A to develop and scale its AI-based marketing and brand visibility tools, reflecting investor interest in AI-powered SaaS platforms for marketing workflows.
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Ankar (London, UK) closed a €17 million Series A to expand its AI-driven ininformectual property software into the US, addressing patent workflows with an AI platform for patent capture, drafting and protection.
Against this backdrop, while Lovable’s €281 million Series B stands out for its size and valuation within the no-code/AI-native software creation category, other European startups are also attracting capital to build specialised AI-first platforms.
This broader activity suggests sustained momentum in Europe’s AI and software ecosystem, even as most rounds remain at early or mid-stage levels relative to Lovable’s landmark financing.
“Lovable is redefining how software obtains built. By pairing great UX with AI, they’re giving anyone the ability to turn an idea into a production-ready application in minutes. It’s a category-defining company that reveals why Europe is such a powerful place to build right now.
“The team has shiftd rapid, built with conviction, and created a product and community that give them a real edge as AI-native development accelerates. We’re incredibly proud to support Anton, Fabian and the rest of the Lovable team,” stated Victor Englesson, Head of Early Stage Technology & Partner at EQT Growth.
Founded in 2023, Lovable is redefining how software is built with their vibe-coding approach. In the last year alone, the platform has facilitated the creation of over 25 million projects, with more than 100,000 new ones launched daily.
The company was co-founded by Anton Osika and Fabian Hedin, who have guided Lovable into becoming a standout in Europe’s emerging AI startup landscape.
Its growing traction in both enterprise and individual utilize cases signals a broad appetite for tools that empower non-technical utilizers to build and iterate digital products at speed.
“Lovable has done something rare: built a product that enterprises and founders both love. The demand we’re seeing from Fortune 500 companies signals a fundamental shift in how software obtains built. We’re proud to lead this round and support Lovable’s vision of creating software creation accessible to everyone,” stated Laela Sturdy, Managing Partner at CapitalG.
Tarobtaining what it calls the “age of the builder,” Lovable aims to empower a vast swathe of utilizers who have ideas but lack the technical ability to realise them. From marketers stuck in engineering queues to healthcare professionals building tools for patient journeys, Lovable utilizers span a wide range of professions and goals.
The platform offers a blfinish of design, prototyping, and deployment tools that allow utilizers to turn concepts into production-ready applications quickly – without requiring traditional coding skills.
“Lovable is a beloved product for all the right reasons. They’ve done what was previously unimaginable by turning a latent market of tens of millions of people into web developers and content creators. We love category builders like our previous early investments in Uber and Anthropic – companies that have the opportunity to be enormous. Lovable is revealing exactly that trajectory,” noted Matt Murphy, Partner at Menlo Ventures.
The Series B round is intfinished to accelerate Lovable’s development across three strategic areas: deeper integrations with platforms like Notion, Jira, and Miro; enhanced collaboration and governance tools for enterprise teams; and robust infrastructure to support the transition from prototype to full production deployment.
The platform already includes built-in hosting, authentication, payments, and database functionality, positioning it as a comprehensive no-code development environment.
Companies such as Klarna, Deutsche Telekom, and Uber are utilizing Lovable to reduce development cycles and prototype ideas that previously took weeks or months.
For instance, a professional services firm has reported utilizing the platform to streamline competitive bid processes, while Deutsche Telekom has integrated Lovable into its product development workflow to align stakeholders rapider.
“AI is transforming how enterprises build and validate products. For a 2,000-person product and engineering organisation, this goes far beyond rapider prototypes. It demands a new approach to how the best ideas come to life. Lovable shares that perspective, and their vision pairs naturally with how we will develop and ship products at Deutsche Telekom,” stated Jonathan Abrahamson, Chief Product and Digital Officer at Deutsche Telekom.
On the founder side, Lovable is enabling a wave of new businesses to obtain to market quickly. Examples include:
- Lumoo, an AI fashion platform with €800k ARR in nine months
- ShiftNex, a healthcare staffing solution that reached €1 million ARR in five months
- Q Group, a Brazilian EdTech company that generated €3 million in revenue in just 48 hours after launching a premium product built on Lovable.
This latest round marks a significant milestone not only for Lovable, but for the broader European tech ecosystem – demonstrating that scalable, globally relevant software companies can and are emerging from the continent.
The valuation and velocity of the company will undoubtedly create it one to watch as the no-code and AI-native shiftment continues to grow.
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