Lovable, a Swedish AI startup enabling app development without coding, has raised $330 million in Series B funding, boosting its valuation to $6.6 billion.

Target Information

Lovable, a Swedish startup founded in 2023 by Anton Osika, has developed an innovative platform that enables users to create applications and websites through conversational interactions with AI, a method termed 'vibe coding.' The company has successfully raised $330 million in Series B funding at a valuation of $6.6 billion to enhance its offerings. Lovable's platform removes the barrier of coding expertise, making app development accessible to everyone and empowering more than 2.3 million users to actualize their ideas without the complexities of traditional programming.

Prior to this funding round, Lovable raised $22.5 million, including $15 million in a pre-Series A round in February 2025, followed by $200 million in Series A funding, increasing its valuation to $1.8 billion and marking its entry into the ranks of European unicorns.

Industry Overview in Sweden

Sweden's tech industry is renowned for its innovation and has cultivated a robust environment for startups, especially in the fields of software development and AI. The country boasts a vibrant entrepreneurial culture supported by gov