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Takeaways by Saasverse AI
- Lovable Labs | Series B | $330 Million | AI-Powered Vibe Coding Platform.
- Led by CapitalG and Anthology Fund (Menlo Ventures), with participation from NVentures, Salesforce Ventures, Databricks Ventures, and others.
- Valuation jumps by $3.8 billion in four months; ARR surpasses $200 million with 8 million users and robust growth metrics.
Lovable Labs, an innovative AI-native development platform enabling "vibe coding" for building websites and applications, has raised $330 million in its Series B funding round, catapulting its valuation to an impressive $6.6 billion. This valuation represents a $3.8 billion increase since July, reflecting the company’s extraordinary growth trajectory. The funding round was co-led by CapitalG, Alphabet Inc.'s growth equity arm, and Menlo Ventures’ Anthology Fund, with significant participation from prominent investors such as NVentures (NVIDIA's venture arm), Salesforce Ventures, Databricks Ventures, and Atlassian Ventures, among others. Notable participants also include powerhouse VCs like Khosla Ventures, DST Global, EQT Growth, and Accel.
Lovable Labs reported a staggering annualized revenue run rate (ARR) exceeding $200 million as of November, achieved with a lean team of just 45 employees. The platform boasts nearly 8 million users who collectively create over 100,000 new applications daily on its interface. Websites and applications developed using Lovable see over 6 million daily visits, with monthly traffic exceeding 200 million visits. Over the last six months, these figures have surged past 500 million combined visits, underscoring the platform’s deep adoption.
At its core, Lovable provides developers with the ability to generate websites or applications through conversational prompts in a chatbot-like interface. The platform autonomously retrieves external data, generates and tests code, and even identifies software defects using telemetry insights. For simpler tasks, developers can leverage its "Code Mode" to receive natural language solutions to coding questions or to refine application design. Additionally, Lovable's no-code tools empower designers to modify user interfaces seamlessly without writing a single line of code. The platform simplifies compliance with brand style guides, ensuring efficiency across development workflows.
The company also offers enterprise-grade infrastructure, catering to businesses seeking to host AI-generated software. Its services include database management, authentication tools, and traffic analytics, alongside pre-built modules for specific use cases like payment processing. The enterprise offering features role-based access control, single sign-on, and audit logs, with GitHub integration ensuring developers can review AI-generated code before deployment. This robust suite of tools positions Lovable as a comprehensive solution for businesses, enabling them to produce fully production-ready applications.
Lovable Labs’ founder and CEO, Osika, envisions a future where companies can build fully customized software solutions without relying on generic, high-cost products from traditional tech vendors. Osika’s vision aligns with the broader AI-assisted development market, projected to reach $43 billion by 2028. Lovable competes with notable players like Replit, OpenAI, Google, and Cursor, the latter having recently secured $2.3 billion in funding at a $29.3 billion valuation—highlighting intense investor interest in this rapidly evolving space.
However, the emerging vibe coding ecosystem is not without its challenges. Critics argue that AI-generated code can sometimes be inefficient or insecure, potentially exposing businesses to significant risks. Additionally, the platform’s accessibility for non-developers raises concerns about the long-term maintainability of software created by users without programming expertise. Yet, Lovable has identified three primary use cases among enterprise clients: building core business systems, alleviating development backlogs for internal tools, and rapidly prototyping functional features to validate ideas.
Since its founding just one year ago, Lovable has achieved notable milestones in its funding journey. The company raised $750,000 in a pre-seed round in October 2024, followed by a $15 million Series A round in February 2025, both from leading VCs such as Creandum and byFounders. In July 2025, Lovable raised $200 million at an $1.8 billion valuation, marking its rapid ascent in the global AI landscape.
With its Series B funding, Lovable plans to deepen integration with third-party tools like Notion, Linear, and Jira, expand its enterprise offerings, and further enhance its infrastructure to support production-ready applications. By incorporating built-in hosting, databases, authentication, and payment functionalities, the platform aims to empower users to launch fully operational software solutions—not just prototypes.
“ Lovable Labs’ meteoric rise exemplifies the transformative potential of AI in software development. Its lean operational model, delivering an ARR of $200 million with just 45 employees, underscores the unprecedented capital efficiency AI-driven platforms can achieve. This funding round not only validates Lovable’s market position but also highlights the surging demand for tools that democratize software creation. ” Saasverse Analyst comments
Saasverse Insights
As the vibe coding market evolves, Lovable’s ability to address concerns around code quality and security will be crucial to sustaining its growth. Its focus on enterprise adoption, combined with planned integrations and infrastructure enhancements, sets it apart as a leader in the space. This deal signals a broader shift towards customizable, AI-enabled development, offering fertile ground for innovation and competition in the SaaS ecosystem.