🏆 Deal of the Month · December 2025
Lovable raised USD 330 million in a Series B round in December 2025, at a valuation of USD 6.6 billion. The round was led by CapitalG and Menlo Ventures' Anthology fund. The deal represents one of the largest single funding rounds for an AI developer-tools company in Europe to date.
Lovable — key deal facts
| Company | Lovable |
| Founded | 2023 |
| Headquarters | Stockholm, Sweden |
| Amount raised | USD 330m |
| Valuation | USD 6.6b |
| Round | Series B |
| Investors | This round was led by CapitalG and Menlo Ventures' Anthology fund. Additional investors in this round include NVentures (NVIDIA’s venture capital arm), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, and HubSpot Ventures. They’re joined by Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel, Creandum, and Evantic, among others. |
| Sectors | Artificial Intelligence |
Who invested in Lovable?
The round drew a broad coalition of strategic and financial investors, including NVentures (NVIDIA's venture capital arm), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, and HubSpot Ventures. Financial investors Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning backers Accel, Creandum, and Evantic also participated. The presence of multiple enterprise software strategics — Salesforce, Atlassian, HubSpot, and Databricks — signals conviction that AI-native development tooling is becoming critical infrastructure for the broader software industry.
What does Lovable do?
Lovable is an AI software engineer platform that enables users to build production-ready websites and web applications through a conversational interface, requiring no coding skills. Its core product, the Lovable platform, includes Lovable Cloud — a built-in backend layer covering data storage, user authentication, and third-party service integration. The company was founded in 2023 and is headquartered in Stockholm, Sweden. Co-founders Anton Osika, a physicist formerly at CERN, and Fabian Hedin, an experienced entrepreneur, lead the company.
Lovable valuation & multiples
No existing multiples analysis was provided for this deal. At a post-money valuation of USD 6.6 billion on USD 330 million raised, Lovable commands a valuation-to-capital-raised multiple of 20x, reflecting the premium the market places on high-growth AI application platforms. For applicable EV/Sales and EV/EBITDA benchmarks in the Artificial Intelligence and developer-tools sector, visit our AI sector multiples pages.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Lovable raise in its Series B?
Lovable raised USD 330 million in its Series B round in December 2025.
What is Lovable's valuation?
Lovable was valued at USD 6.6 billion at the time of its Series B round in December 2025.
Who invested in Lovable?
The round was led by CapitalG and Menlo Ventures' Anthology fund, with additional participation from NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, Accel, Creandum, and Evantic, among others.
When was Lovable founded and where is it based?
Lovable was founded in 2023 and is headquartered in Stockholm, Sweden.
Source: original announcement — read the full report.