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Swedish Startup Lovable Soars to $6.6 Billion Valuation

12/17/2025

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Summary

Story summary

Lovable, a Swedish startup founded in 2023, raised a funding round valuing the company at $6.6 billion.
The valuation rose from $1.8 billion in July.
Lovable reported $200 million in annual recurring revenue by November, up from $1 million a year earlier, using OpenAI and Anthropic models for no-code app development.
Accel and Khosla Ventures participated in the round, and Lovable plans to expand into the U.S. market.

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Story summary

Lovable, a Swedish startup founded in 2023, raised a funding round valuing the company at $6.6 billion.
The valuation rose from $1.8 billion in July.
Lovable reported $200 million in annual recurring revenue by November, up from $1 million a year earlier, using OpenAI and Anthropic models for no-code app development.
Accel and Khosla Ventures participated in the round, and Lovable plans to expand into the U.S. market.