Swedish AI programming startup Lovable has reached a valuation of $6.6 billion in its latest funding round.

Swedish AI programming startupLovableA new round has recently been completed.financingThe company's valuation soared to $6.6 billion (approximately RMB 46.5 billion), more than tripling from $1.8 billion (approximately RMB 13 billion) after its previous funding round, making it one of Europe's most valuable startups.Within just one year, the company's annual recurring revenue (ARR) surged 20-fold, leaping from $1 million (approximately RMB 7.04 million) to $200 million (approximately RMB 1.4 billion), with 100,000 projects created daily through its platform.

This funding round attracted participation from several prominent venture capital firms, including Accel and Khosla Ventures, marking the company's third financing in 2025. Lovable enables users to rapidly build applications and websites using natural language by integrating AI models such as OpenAI and Anthropic, eliminating the need for coding skills.

1. Valuation of $6.6 billion, more than tripling in one year

According to informed sources, Swedish AI programming platform Lovable has recently completed a new round of financing, achieving a valuation of $6.6 billion. Just last July, the company's valuation after its previous funding round stood at $1.8 billion. This signifies that its valuation has more than tripled in less than six months.

In this funding round, U.S. venture capital firm Accel continued its investment, with Khosla Ventures also participating. Although the financing details have not been disclosed, this valuation has propelled Lovable into the ranks of Europe's most valuable tech startups.

II. From $1 Million to $200 Million: ARR Explosive Growth

Lovable was founded in 2023, initially as a small programming tool development team. However, driven by AI technology, its business experienced explosive growth.

▲Anton Osika and Fabian Hedin, Co-Founders of Lovable

The company disclosed in November this year that its annual recurring revenue has reached $200 million. Just one year ago, this figure stood at a mere $1 million. User data indicates that over 100,000 projects are now created daily through the Lovable platform, spanning diverse types from personal websites to enterprise-level applications.

III. Develop apps by simply “speaking”—no coding required.

Lovable's core product is an AI-powered “atmosphere programming” platform. Users simply input natural language descriptions, and the system automatically invokes large language models like OpenAI and Anthropic to generate application or website code.

▲Lovable Official Website

This “prompt-to-development” model significantly lowers the programming barrier, enabling non-technical users to rapidly bring their ideas to life. The company has established its headquarters in Stockholm and plans to open offices in Boston and San Francisco to further expand its global market presence.

Four,AI Programming ToolsTrack competition intensifies

Lovable's rise is not an isolated case. This year has seen active funding in the global AI programming tools sector, with several companies experiencing significant valuation increases.

Anysphere, the developer of the U.S. AI coding tool Cursor, reached a valuation of $29.3 billion following its November funding round; Replit secured $250 million in funding in September, achieving a $3 billion valuation; Vercel also recently closed a $300 million funding round, reaching a valuation of $9.3 billion.

Conclusion: Everyone can become a “creator.”

Lovable has grown from a startup to a rising star in Europe's AI programming field within just two years, driven by the deep integration of AI technology into practical applications.

As “natural language programming” becomes increasingly widespread, the barriers to software development will continue to lower. An era where anyone can become a creator may be accelerating toward us.

Source: CNBC