Lovable, a Sweden-based platform that enables non-technical users to create software and digital products, has raised US$330 million in a Series B round.
The round was led by CapitalG and Menlo Ventures’ Anthology fund, bringing its valuation to US$6.6 billion.
Other participants include corporate venture arms NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures, and HubSpot Ventures.
Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel, Creandum, and Evantic also joined the round.
Lovable’s platform allows users across enterprises and startups to create functioning products without coding.
Organisations such as Klarna and Deutsche Telekom have used Lovable to accelerate development cycles, streamline prototyping, and reduce time-to-market.
The platform has supported the creation of over 25 million projects in its first year, with more than 100,000 new projects built daily.
Users range from product managers and marketers to healthcare professionals and founders building new businesses, including AI-powered fashion platform Lumoo and healthcare staffing solution ShiftNex.
The latest funding will allow Lovable to deepen integrations with tools such as Notion, Linear, Jira, and Miro, enhance collaboration and governance for enterprise teams, and expand infrastructure to support products moving from prototype to production.
Featured image credit: Edited by Fintech News Switzerland, based on image by jcomp via Freepik