Lovable raises $330 million in Series B funding

Lovable announced a $330 million Series B round. CapitalG and Menlo Ventures led it. The startup builds tools for non-technical people to create software.

Funding details: $330 million (Series B)

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Lovable raised $330 million in Series B funding. The round values the company at $6.6 billion. CapitalG and Menlo Ventures’ Anthology fund led the investment.

Other investors joined in this round includes NVentures from NVIDIA, Salesforce Ventures, Databricks Ventures, T.Capital from Deutsche Telekom, Atlassian Ventures, and HubSpot Ventures. Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel, Creandum, and Evantic also took part. The investors back Lovable because it helps people without coding skills build software. They see it changing how software gets made in companies and for new startups.

The company plans to use the money in a few ways. It will build deeper connections to tools like Notion, Linear, Jira, and Miro. It will add features for team collaboration and controls that big organizations need. It will also improve the setup to turn prototypes into full products with hosting, databases, authentication, and payments.
Jorge Luthe from Zendesk said Lovable cut their prototype time from six weeks to three hours. This helps product, UX, and engineering teams work together better. Dharmin Parikh from Uber AI said it makes it easy to create prototypes and decide on ideas quickly. Jonathan Abrahamson from Deutsche Telekom said AI changes how they build products, and Lovable fits their way of developing and shipping.

Laela Sturdy from CapitalG said Lovable built a product that big companies and founders like. She sees a big change in software building. Matt Murphy from Menlo Ventures said Lovable turned millions of people into developers. Gwyneth Paltrow from Kinship Ventures said it helps non-technical founders turn ideas into prototypes fast without code.

Lovable makes software creation tools. It lets product managers, marketers, nurses, artists, and founders build apps and websites without coding skills. The company operates online and serves users worldwide, including teams at places like Klarna, Deutsche Telekom, and Uber.

The company announced the funding on its blog.