Lovable’s $400M funding show vibe coding means business

On Wednesday, the Sweden-based Lovable announced that it raised $400 million in series C funding, and one of the new backers includes Regent, the same private equity firm that owns Foundry, whose portfolio includes PCWorld, Macworld, TechCrunch and other tech publications. You can find Regent’s press release here.

If anything, the Lovable announcements underscores that vibe-coding far exceeds the consumer hobbyist space. Lovable, whose team is pictured above, says more than 60M projects have been created with the platform, and Lovable-built websites receive more than 900M monthly visits. In essence, it can help build the software on which AI-fueled businesses run.

But here’s the stat that really resonates: They say 4 out of 5 Lovable users are in non-technical roles. As someone who’s struggled to create even basic web pages with token-starved LLMs, I’m intrigued by what a robust, enterprise-grade vibe-coding package may provide.