Overview
- CapitalG and Menlo Ventures led the $330 million round, joined by NVentures, Khosla Ventures, Salesforce Ventures, Databricks Ventures, Accel, Atlassian Ventures, HubSpot Ventures, T. Capital, DST Global, EQT Growth, Creandum, Evantic, and Kinship Ventures.
- The deal values Lovable at $6.6 billion, up from $1.8 billion in July, bringing total 2025 fundraising to more than $500 million.
- Lovable says its platform builds full apps from text prompts using models from providers such as OpenAI and Anthropic, with over 100,000 new projects created daily and customers including Klarna, Uber, and Zendesk.
- The company plans to invest in deeper third-party integrations, expanded enterprise capabilities, and infrastructure for databases, payments, and hosting to support production-ready software.
- Rapid growth has brought scrutiny and competition, including a VAT payment lapse the CEO pledged to remedy and rival products from startups like Cursor as well as major AI labs.