According to Sifted, the vibe coding startup Lovable has raised $330 million in a Series B funding round at a staggering $6.6 billion valuation. This triples the company’s $1.8 billion valuation from just its Series A round in July of this year. The round was led by Google’s venture capital arm, CapitalG, and Nvidia’s NVentures, with participation from Salesforce Ventures, Khosla Ventures, and EQT Growth. Founded in 2023 by Anton Osika and Fabian Hedin, Lovable claims over 25 million projects have been created on its platform in the past year, with 200 million monthly visits. The company will use the new capital to improve integrations with tools like Notion and Mira and boost infrastructure spending.
The Vibe Coding Hype Train
Here’s the thing: tripling your valuation in under four months is absolutely insane. It’s the kind of move that defines a bubble, or signals a company that’s genuinely captured lightning in a bottle. Lovable is riding the massive wave of demand for “no-code” and “low-code” development tools, but with a specific Gen-Z-friendly, intuitive twist they call “vibe coding.” The idea is to make building apps as simple as describing what you want. And with backing from the absolute titans of AI infrastructure (Nvidia) and cloud platforms (Google), they’re clearly being positioned as a foundational layer for the next generation of software creation.
Why The Giants Are Betting Big
So why are Google and Nvidia writing such huge checks? Look, it’s not just about the 25 million projects. It’s about the enterprise demand. CapitalG’s managing partner specifically called out “Fortune 500 companies” adopting Lovable, suggesting this isn’t just for indie hackers and side projects anymore. That’s the holy grail. If Lovable can truly become the intuitive front-end that connects to the powerful, complex back-end systems these big companies already use, the market is enormous. Nvidia’s involvement is particularly telling—they likely see Lovable’s visual, iterative development process as a natural driver for more GPU-powered AI services in the cloud. Basically, more apps built means more compute consumed.
The Path To Profitability Question
But let’s pump the brakes for a second. A $6.6 billion valuation for a company that launched its first product a year ago is a massive bet on future execution. Sifted notes that an internal pitch deck targeted 65% margins by the second half of 2026. That’s aggressive. The “vibe” is great, but scaling infrastructure to handle hundreds of millions of visits while building robust governance and security features for those Fortune 500 clients is a brutally expensive engineering challenge. This new $330 million war chest is basically all about funding that heavy lift. Can they transition from a viral, user-friendly tool to a reliable, enterprise-grade platform without losing their core appeal? That’s the billion-dollar question. Actually, the $6.6 billion dollar question.
