Lovable has raised $330 million in Series B funding at a $6.6 billion valuation, marking one of the largest growth rounds yet for a no code product building platform. The round was led by CapitalG and Menlo Ventures through its Anthology fund, with participation from a wide group of strategic and financial investors.
This funding update strengthens Lovable’s position as one of the fastest growing platforms helping non developers build real software products without writing code. The company says more than 25 million projects were created on Lovable in its first year alone, signalling strong demand from both individuals and large organisations.
Who Led the Funding Round
The Series B round was co led by CapitalG, Alphabet’s growth investment arm, and Menlo Ventures’ Anthology fund. The investor list also includes NVentures, Salesforce Ventures, Databricks Ventures, T Capital from Deutsche Telekom, Atlassian Ventures, and HubSpot Ventures.
They are joined by Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning backers Accel, Creandum, and Evantic. The mix of enterprise focused strategic investors and large scale growth funds reflects Lovable’s expanding role inside major companies as well as among startups and solo builders.
Lovable’s Mission and Momentum
Lovable was created to empower what the company calls the ninety nine per cent. These are people with ideas but without formal software engineering backgrounds. Over the past year, a new category has emerged around the platform. Builders include marketers, product managers, operators, nurses, artists, and founders who are now shipping real products on their own.
The pace of activity on the platform is striking. Lovable reports more than 100,000 new projects being created every day, over 25 million total projects built in its first year, and more than six million daily visits to websites and apps created using Lovable. In the last six months alone, Lovable built products have attracted over half a billion visits.
From Prototypes to Production Software
Unlike many no code tools that focus on mockups or simple workflows, Lovable positions itself as a full product building platform. Users can design, build, and ship production ready software with hosting, databases, authentication, and payments built in.
This has allowed Lovable to move beyond individual creators into large enterprise teams. Companies such as Klarna and Deutsche Telekom are already using the platform to speed up internal product development.
Deutsche Telekom uses Lovable to build user interface projects that require rapid alignment across stakeholders. By creating working prototypes early, teams can make decisions faster and cut development cycles from months to days.
In another example shared by Lovable, a leading enterprise resource planning provider replaced traditional specifications and slide decks with functional prototypes. A project that once required four weeks and a twenty person team was completed in four days by four people. As a result, the organisation can now take on four times as many projects, with around three quarters of its front end generated directly through Lovable.
A global ride sharing and delivery platform reduced design concept testing from six weeks to just five days. In one case, a product manager built a functional prototype in thirty minutes, work that would previously have taken several months.
What Enterprises Are Saying
Large organisations are increasingly treating Lovable as a core part of their product workflow rather than an experimental tool.
Jorge Luthe, Senior Director of Product at Zendesk, said Lovable has transformed how teams collaborate across product, design, and engineering.
He noted that what once took six weeks from idea to working prototype now takes just three hours. This shift has enabled teams to work together faster and with greater confidence when making product decisions.
Real Products Built by Non Developers
Lovable is already powering applications that are live in production across healthcare, professional services, education, and consumer markets.
At one of the world’s largest healthcare organisations, a nurse built an application that visualises patient journeys. The app is now included with every invoice sent by the organisation.
A global professional services firm replaced static presentation decks with functional prototypes for competitive bids. The company is targeting efficiency gains of around fifty per cent and has already seen improved win rates.
A major human capital management platform rebuilt its onboarding workflow tools in a matter of days, adding features such as task tracking, progress monitoring, and built in AI assistance.
Startups Born on Lovable
Beyond internal enterprise tools, Lovable is also becoming a launchpad for new startups.
- Lumoo, an AI powered fashion platform with virtual try on features, was built on Lovable and reached $800,000 in annual recurring revenue within nine months. It now serves more than fifteen major fashion brands in the Nordics.
- ShiftNex, a healthcare workforce staffing platform, reached $1 million in annual recurring revenue in five months and serves over 5,000 healthcare users.
- QuickTables was built by two founders who left their jobs with a sixty day deadline to generate income. The product now makes more than $100,000 per year.
- Brickwise, a property management platform built on Lovable, was accepted into Y Combinator and raised $500,000 in funding. Brazilian edtech company Q Group built a premium version of its platform in one month and generated $3 million in revenue within forty eight hours.
What the New Funding Will Be Used For
Lovable says the $330 million investment will accelerate progress across three main areas.
First, the company plans to deepen integrations with tools that builders already rely on, including Notion, Linear, Jira, and Miro. The goal is to ensure that existing context and workflows feed directly into product creation.
Second, Lovable is expanding collaboration and governance features to meet the needs of larger organisations. As adoption grows across enterprises, teams need stronger controls, permissions, and oversight.
Third, the company is continuing to invest in infrastructure that allows products to move seamlessly from prototype to production. This includes improvements to hosting, databases, authentication, and payments so that teams can ship and scale real applications.
Investor Perspective
Laela Sturdy, Managing Partner at CapitalG, said Lovable has built a product that resonates with both enterprises and founders. She pointed to growing demand from Fortune 500 companies as evidence of a shift in how software is being built.
Matt Murphy, Partner at Menlo Ventures, described Lovable as a category defining company that has unlocked a previously latent market of tens of millions of people. He compared its potential trajectory to past category builders backed by the firm.
What This Means for Lovable
The Series B round places Lovable among the most highly valued companies in the no code and AI assisted software space. With a $6.6 billion valuation and rapid usage growth, the company is moving quickly from a breakout product to core infrastructure for modern software creation.
As Lovable continues to expand inside large organisations while also enabling individuals to launch real businesses, it is positioning itself as a platform that reshapes who gets to build software and how fast ideas can turn into products.
For a deeper look at Lovable’s platform, origins, and long term vision, see our full guide to Lovable and how it is changing software development.