Key Highlights
Google and NVIDIA’s venture arms have participated in a $330 million Series B funding round for Swedish "ambient programming" startup Lovable, valuing the company at $6.6 billion. The announcement confirms details previously reported by CNBC on Tuesday. With this round, Lovable’s total funding for 2025 has surpassed $500 million, with its valuation more than tripling since its last funding round in July this year.
Swedish "ambient programming" startup Lovable announced on Thursday that it has secured $330 million in Series B funding, reaching a post-money valuation of $6.6 billion. Google’s venture arm CapitalG and NVIDIA’s NVentures were among the investors. The news aligns with CNBC’s earlier report, which stated that Lovable’s valuation had tripled since July and named U.S. venture firms Axel Ventures and Khosla Ventures as additional backers. The funding round was co-led by CapitalG and Menlo Ventures. Other participants included NVentures, Kinship Ventures (backed by actress Gwyneth Paltrow), Salesforce Ventures, Databricks Ventures, Atlantis Ventures, T. Capital, Hubble Ventures, DST Global, EQT Global, Creadom Ventures, and Evantic Ventures. Following this round, Lovable’s total funding for 2025 has exceeded $500 million.
Lila Stady, Managing Partner at CapitalG, commented in the funding announcement: "Lovable has built a rare product that resonates with both enterprise clients and entrepreneurs." She added: "The strong demand from Fortune 500 companies signals a fundamental shift in software development paradigms."
Lovable’s platform leverages AI models from OpenAI, Anthropic, and others, enabling users to develop applications and websites by simply inputting text instructions—no coding expertise required. Founded in 2023 by Anton Osika and Fabian Hedin, the startup achieved $2 million in annual recurring revenue (ARR) this November, less than a year after hitting its first $1 million ARR milestone.
"Ambient programming" startups have recently attracted significant venture capital interest, with investors betting on their potential to drastically reduce software and app development cycles. Similar companies in the U.S. have also secured substantial funding. For instance, Anysphere, developer of the coding tool Cursor, raised $2.3 billion in November at a $29.3 billion valuation. Code collaboration platform Replit secured $250 million in September, reaching a $3 billion valuation, while front-end development platform Vercel closed a $300 million round at a $9.3 billion valuation.
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