Vibe-coding platform Lovable raises €281 million Series B to scale its AI-native software platform globally
Stockholm-based AI-native software platform Lovable has secured a €281 million Series B funding round, valuing the startup at €5.6 billion. This significant investment highlights the growing interest in no-code/AI-native software development platforms within the European tech ecosystem, signaling a shift in how software is created and deployed. The funding underscores Europe's potential as a powerful hub for AI-driven innovation. The investment round was led by CapitalG and Menlo Ventures' Anthology fund, with participation from NVIDIA’s venture arm, Salesforce Ventures, Databricks Ventures, Deutsche Telekom, and others. Lovable's platform allows users to build full-stack applications without writing code, with apps built on the platform receiving over half a billion visits in the last six months. Lovable was founded in 2023 and has facilitated over 25 million projects. The substantial funding for Lovable will likely accelerate its global expansion and product development. The platform caters to both enterprise and individual users, which could democratize software creation. This investment also sets a high bar for other European AI-focused software startups and their funding aspirations. Other European startups are also attracting capital to build specialized AI-first platforms. Berlin’s Peec AI secured €18 million in Series A funding for its AI-based marketing tools, while Ankar, based in London, raised €17 million to expand its AI-driven intellectual property software into the US market.
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