Lovable, a Stockholm‑based startup that uses artificial intelligence to build apps and websites, is in talks to raise a new round of funding at a valuation of about $6 billion, according to people familiar with the matter. The sources said the discussions are ongoing and the terms could still change.
The company declined to comment on the fundraising talks.
If completed, the deal would more than triple Lovable’s valuation from just four months ago. In July, the company was valued at $1.8 billion after closing a $200 million Series A round led by Accel.
Lovable is part of a fast‑growing trend known as “vibe coding.” These tools allow users to describe what they want, while AI systems write the code and build full apps or websites. The platforms are designed for both professional developers and non‑technical users.
The startup has seen extraordinary growth. In June, Lovable reached $100 million in annualized subscription revenue only eight months after launching last November. That made it the fastest‑growing software startup to hit that milestone, beating other high‑profile companies in the sector.
Founder Anton Osika said earlier this week that Lovable now has 8 million active users, up from 2.3 million in July. The rapid increase highlights strong demand for AI‑powered development tools.
Investor interest in vibe coding startups has surged. Cursor, a competitor focused on professional developers, recently raised money at a $30 billion valuation. Cursor’s annualized revenue has now climbed to over $1 billion, making it the largest company in the sector.
Lovable and others like Replit, Bolt, and Cognition rely on large AI models from firms such as OpenAI and Anthropic. At the same time, those AI providers are becoming competitors by launching their own coding tools.
Despite growing competition, Lovable’s fast growth and large user base have made it one of the most closely watched startups in the AI software market as investors look for the next breakout company.
