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Lovable Raises $330 Million Series B Funding
7.0
Stockholm-based AI coding startup Lovable announced a $330 million Series B on Thursday, valuing the company at $6.6 billion and co-led by CapitalG and Menlo Ventures with participation from Nvidia, Salesforce, Databricks, and Khosla. Lovable reported $200 million ARR as of November 2024, 320,000 paying customers, and plans to use the funds for integrations, enterprise features, and doubling headcount.
Key Points
- 1Raised $330 million Series B at $6.6 billion valuation, co-led by CapitalG and Menlo Ventures
- 2Achieved $200 million ARR, doubling from $100 million within four months, demonstrating rapid commercial traction
- 3Plans expand integrations, enterprise features, and double headcount to support production-ready enterprise deployments
Scoring Rationale
Strong Series B funding and fast ARR growth underscore market momentum, but news is corporate fundraising rather than a technical breakthrough.
Sources
Public references used for this report.
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