Lovable Secures $100 Million in Reported Funding Round

Swedish AI startup Lovable, pioneering "vibe coding" – a more intuitive approach to software development using natural language – is reportedly in advanced talks to raise at least $100 million. This funding round, if finalized, would value the company at over $1.5 billion, solidifying its position as a major player in the European AI scene. The discussions are currently underway with US investors, and while terms remain subject to change, the significant interest reflects Lovable's rapid growth and innovative technology. The company's "vibe coding" technology allows developers to write code using natural language descriptions, simplifying the development process. This innovative approach has fueled impressive growth, with Lovable already boasting $61 million in annual recurring revenue (ARR) just six months after launching its first product. This substantial revenue stream further underscores the company's potential and attractiveness to investors. The $100 million funding round, if successful, would represent a significant expansion for Lovable, building upon its previous $22.5 million in funding. While specific lead investors haven't been publicly named, the substantial interest from US investors highlights the global appeal of Lovable's technology and its potential to disrupt the software development industry. The funds are expected to further accelerate Lovable's growth and expansion, solidifying its position as a leader in the rapidly evolving AI-powered software development space. The company's success story serves as a testament to the potential of innovative technologies and the growing interest in AI-driven solutions within the tech industry. Competitor Cursor just closed a $900 million round for comparison.