Google and Nvidia VC arms back vibe coding startup Lovable at $6.6 billion valuation

In a significant move for the tech industry, the venture capital arms of Google and Nvidia have joined forces to invest in Lovable, a Swedish startup specializing in vibe coding. The company recently announced a successful $330 million Series B funding round, pushing its valuation to an impressive $6.6 billion. This development confirms earlier reports from CNBC, which highlighted Lovable's remarkable growth, tripling its valuation since its last funding round in July. Leading this investment round were CapitalG, a Google VC division, and Menlo Ventures, alongside prominent U.S. firms such as Accel and Khosla Ventures. The participation of Nvidia's NVentures, as well as actor Gwyneth Paltrow's Kinship Ventures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, and numerous others, underscores the widespread interest in Lovable's innovative approach. With this latest injection of capital, Lovable has now raised over $500 million in total funding for the year 2025 alone. Laela Sturdy, managing partner at CapitalG, remarked on the unique appeal of Lovable's product, stating, "Lovable has done something rare: built a product that enterprises and founders both love." She noted that the surge in demand from Fortune 500 companies indicates a significant transformation in software development practices. Lovable's platform leverages advanced AI models from leading providers like OpenAI and Anthropic, enabling users to create applications and websites through simple text prompts, all without needing any technical coding skills. The startup has shown impressive financial growth, reporting $200 million in annual recurring revenue (ARR) just under a year after achieving its first million. Founded in 2023 by Anton Osika and Fabian Hedin, Lovable is part of a burgeoning trend within the tech sector, where vibe coding startups are attracting considerable venture capital interest. Investors are optimistic about the potential of these platforms to dramatically accelerate software development timelines. For instance, Anysphere, known for its coding tool Cursor, raised $2.3 billion at a staggering $29.3 billion valuation in November. Similarly, Replit achieved a $3 billion valuation following a $250 million funding round, while Vercel closed a $300 million round at a valuation of $9.3 billion in September.