🏆 Deal of the Week · CW 51/2025
Lovable raised USD 330 million in a Series B round at a valuation of USD 6.6 billion, announced in December 2025. The round was led by CapitalG and Menlo Ventures' Anthology fund. This financing marks one of the largest rounds in the European AI sector 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 participation from NVentures (NVIDIA's venture capital arm), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, and HubSpot Ventures. Khosla Ventures, DST Global, EQT Growth, and Kinship Ventures also joined, alongside returning investors Accel, Creandum, and Evantic. The breadth of strategic investors — spanning cloud infrastructure, enterprise software, and telco — reflects strong conviction in Lovable's position across the AI-native development stack.
What does Lovable do?
Lovable is an AI software engineer that enables users to build production-ready websites and web applications through natural-language conversation, requiring no coding knowledge. Its core platform includes Lovable Cloud, a built-in backend layer handling data storage, user authentication, and third-party service integrations. The company was founded in November 2024 by Anton Osika, a physicist and former CERN researcher who introduced the open-source GPT Engineer tool in 2023, and co-founder Fabian Hedin. Lovable is headquartered in Stockholm, Sweden.
Lovable valuation & multiples
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, announced in December 2025.
What is Lovable's valuation?
Lovable was valued at USD 6.6 billion at the time of its Series B.
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.
When was Lovable founded and where is it based?
Lovable was founded in November 2024 and is headquartered in Stockholm, Sweden.
Source: original announcement — read the full report.