Lovable, a Stockholm, Sweden-based AI startup that streamlines software development, has raised $200 million in Series A funding at a $1.8 billion valuation.
Investors
The round was led by Accel, with participation from existing backers 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club.
Accel is a global venture capital firm headquartered in Palo Alto, California, that has invested in over 300 companies. Founded in 1983, Accel invests in early- and growth-stage technology startups, with a focus on building category-defining companies across the consumer, enterprise, and AI sectors.
Lovable Use of Funds
The company will use the funds to scale its no-code app and website development platform.
About Lovable
Led by CEO Job van der Voort, Lovable is a vibe coding company that helps users build websites and apps using natural language, offering an intuitive interface powered by large language models. Founded in 2023, the company’s platform is designed to democratize software development, making it accessible and intuitive for non-technical users. It combines features like live coding, version control, Figma imports, team collaboration, and third-party integrations. Headquartered in Sweden, Lovable's clients include enterprises such as Klarna and HubSpot.
Funding Details
Company: Lovable Labs Incorporated
Raised: $200.0M
Round: Series A
Funding Date: July 2025
Lead Investor: Accel
Additional Investors: 20VC, byFounders, Creandum, Hummingbird, Visionaries Club
Company Website: https://lovable.dev/
Software Category: AI / No-Code Development / Vibe Coding
Source: https://www.bloomberg.com/news/articles/2025-07-17/swedish-vibe-coding-firm-lovable-hits-1-8-billion-valuation