What’s not to love about vibe coding? Swedish AI startup Lovable seeks $100M at $1.5B valuation

Lovable, a Swedish AI startup that enables non-programmers to build apps and websites, is in early-stage discussions to raise at least $100 million at a $1.5 billion valuation. The funding round would position the company as one of Europe’s largest AI newcomers, reflecting growing investor appetite for AI tools that democratize software development.

What you should know: The startup has been holding talks with US investors for a significant funding round that could value the company at $1.5 billion or higher.

• The discussions are still in early stages and terms could change, according to people familiar with the matter who requested anonymity.
• If completed, the funding would represent at least $100 million in new capital for the Swedish company.

How it works: Lovable’s technology focuses on making software development accessible to people without programming expertise.

• The platform allows users with no coding knowledge to create applications and websites through what the company calls “vibe coding.”
• This approach represents part of a broader trend toward no-code and low-code development platforms that aim to democratize software creation.

In plain English: Instead of learning complex programming languages like Python or JavaScript, users can describe what they want their app or website to do in everyday language, and Lovable’s AI translates those instructions into working software—similar to how you might ask a skilled carpenter to build something by describing your vision rather than drawing detailed blueprints yourself.

The big picture: The potential valuation reflects strong investor interest in AI startups that can streamline complex technical processes.

• European AI companies have been attracting significant venture capital attention as investors seek alternatives to US-based AI leaders.
• The funding discussions highlight how AI-powered development tools are becoming increasingly valuable as businesses seek to accelerate digital transformation without extensive technical resources.

Why this matters: A successful funding round at this valuation would establish Lovable as a major player in the European AI ecosystem and validate the market potential for AI-assisted development tools that lower barriers to software creation.