“This is the era of builders”: it was with this message that the two founders of Lovable, Swedes Anton Osika and Fabian Hedin, ended their respective messages with the announcement of a contribution of US$330 million – the equivalent of R$1.82 billion in the December 2025 conversion.
Founded in late 2023, Lovable quickly gained traction among users and venture capitalists by enabling people to create digital products without needing traditional programming knowledge, called ‘vibe coding’, in which users describe a project in simple language and wait for AI to generate a complete program.
The startup, now with 120 employees, hit $100 million in annual recurring revenue over the summer, about eight months after reaching its first $1 million, and is now among Europe’s most valuable private technology companies.
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The investment round, which almost quadrupled Lovable’s market value in less than six months, valuing the company at more than R$36 billion, was led by CapitalG, Alphabet’s venture investment arm () and Menlo Ventures’ Anthology fund.
Additional investors include the venture capital arms of giants like Nvidia’s NVentures (), . They are joined by Khosla Ventures, DST Global, EQT Growth, Kinship Ventures and returning investors such as Accel, Creandum and Evantic.
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The deal also attracted investment from NVentures, the venture capital arm of Nvidia (), Salesforce Ventures, Databricks Ventures, T. Capital (Deutsche Telekom), Atlassian Ventures and HubSpot Ventures among others, underscoring investor demand for authentic AI tools that can handle complex software development work with minimal human intervention as companies and hobbyists increasingly adopt AI-assisted coding.
Competitors including Replit, OpenAI, Google, and Cursor offer similar products aimed at the growing agentic software development market.
“When we started, the goal was simple: to help people with ideas build things without having to program. What came next was bigger than we imagined”, wrote Fabian Hedin, in his statement on the social network LinkedIn.
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The company should use the funds raised to expand enterprise capabilities, strengthen collaboration tools, and scale infrastructure as usage grows.
