Lovable has raised $330 million in Series B funding at a reported valuation of $6.6 billion, underscoring growing investor confidence in a new class of AI-powered software development platforms designed to dramatically lower the barriers to building digital products.
The funding round was led by CapitalG and Menlo Ventures’ Anthology fund, with participation from a broad group of strategic and financial investors spanning enterprise software, cloud infrastructure, and venture capital.
New backers include NVentures, the venture arm of NVIDIA, alongside Salesforce Ventures, Databricks Ventures, T.Capital from Deutsche Telekom, Atlassian Ventures, and HubSpot Ventures. They join returning investors Accel, Creandum, and Evantic, as well as Khosla Ventures, DST Global, EQT Growth, and Kinship Ventures. The size and composition of the round reflect a belief that AI-assisted software creation is moving from experimentation into a core capability for enterprises and startups alike.
Lovable positions itself at the center of what it describes as the “builder’s age,” a shift driven by generative AI tools that allow people without formal software engineering backgrounds to create functional applications using natural language. The company’s platform enables users to describe what they want to build and receive production-ready code, complete with frontend, backend, databases, authentication, and deployment. While the concept overlaps with no-code and low-code platforms, Lovable emphasizes direct code generation and real-time iteration rather than visual abstractions alone.
Usage metrics suggest rapid adoption. According to the company, more than 100,000 new projects are created on Lovable each day. In its first year of operation, the platform supported nearly 25 million projects, while applications and websites built on Lovable have collectively attracted around half a billion visitors over the past six months. On a daily basis, Lovable-built products reportedly serve more than six million users, translating into roughly 200 million monthly visitors.
Shortening Time-To-Market
Enterprise use cases are emerging as a significant driver of growth. Large organizations including Deutsche Telekom and Klarna are using Lovable to accelerate internal development cycles and reduce dependence on traditional engineering backlogs. In one example cited by the company, an ERP project that previously required weeks of planning and a team of 20 was compressed into a four-day sprint with four people, producing a working prototype rather than static documentation. In another case, a global mobility and delivery platform reduced design validation cycles from several weeks to days, enabling non-UX staff to create end-to-end flows independently.
Product leaders at companies such as Zendesk and Uber AI have pointed to faster transitions from concept to decision-making as a key benefit. By enabling rapid prototyping and real-time collaboration, Lovable is being used to align stakeholders earlier in the development process, shortening time-to-market and reducing rework. Deutsche Telekom, for example, is applying the platform to quickly demonstrate value to senior leadership and accelerate downstream development stages.
Beyond prototyping, Lovable is increasingly being used to deliver production systems. Healthcare professionals have built applications to visualize patient journeys that are now used operationally, while professional services firms are replacing slide decks with interactive prototypes for competitive bids. HR and workforce platforms have used Lovable to extend onboarding and workflow tools in days rather than months, integrating features such as task tracking and AI-driven assistance.
The platform is also gaining traction among entrepreneurs and early-stage founders. Several startups built entirely on Lovable have moved from idea to revenue in a matter of months. Examples include an AI-powered fashion platform offering virtual try-ons to major Nordic brands, a healthcare staffing marketplace that reached $1 million in annual revenue within five months, and SaaS tools that have generated six-figure recurring revenue shortly after launch. In some cases, Lovable-built companies have gone on to raise external funding or join accelerator programs.
Lovable says the new funding will be used to deepen integrations with the tools builders already rely on, including Jira, Notion, Linear, and Miro, allowing project context to flow seamlessly across the software lifecycle. The company also plans to invest further in governance, collaboration, and enterprise-grade controls as adoption spreads across larger teams. Another priority is strengthening the infrastructure required to take products from prototype to production, expanding hosting, database, payments, and authentication capabilities so users can ship and scale real applications, not just demos.
Investors describe Lovable as emblematic of a broader shift in how software is created. CapitalG managing partner Laela Sturdy said demand from Fortune 500 companies indicates a structural change in development workflows, while Menlo Ventures partner Matt Murphy framed the platform as unlocking a previously untapped population of potential builders. Kinship Ventures’ Gwyneth Paltrow highlighted the appeal to non-technical founders, arguing that the ability to move from idea to working product with minimal friction fundamentally changes entrepreneurial momentum.
As generative AI continues to reshape knowledge work, Lovable’s rapid growth suggests that software development itself may be entering a new phase. The company’s challenge now will be to sustain momentum while meeting enterprise expectations around security, compliance, and scalability, as the builder’s age moves from promise to operational reality.
Executive Insights FAQ
What problem is Lovable aiming to solve?
Lovable reduces the technical barrier to building software by turning natural language descriptions into production-ready applications.
Who is using Lovable today?
Users range from Fortune 500 enterprises accelerating internal development to startups and solo founders launching new businesses.
How does Lovable differ from traditional no-code tools?
It generates editable, real code and supports full-stack production systems rather than relying solely on visual abstractions.
What will the Series B funding be used for?
The capital will support deeper integrations, stronger enterprise governance, and expanded infrastructure for production deployments.
Why are large tech investors backing Lovable?
Investors see AI-driven software creation as a foundational shift with the potential to redefine productivity and innovation at scale.
