Lovable, a Swedish startup specializing in "vibe coding," has seen its valuation soar to $6.6 billion after raising $330 million in a Series B funding round. This funding, led by CapitalG and Menlo Ventures, comes only five months after a $200 million Series A round that valued the company at $1.8 billion. Lovable's rapid growth is evident; it reached $100 million in annual recurring revenue (ARR) within eight months of launching in 2024 and has since doubled that figure. The platform allows users to create applications using text prompts, attracting major clients like Klarna, Uber, and Zendesk. Lovable reports that over 25 million projects were initiated in its first year, with 100,000 new projects being created daily. The new funding will go towards enhancing integrations with third-party applications, expanding features for enterprise users, and developing infrastructure like databases and payment systems. In a recent appearance at the Slush conference, co-founder Anton Osika emphasized the importance of keeping the company in Sweden rather than relocating to Silicon Valley. He believes that a strong mission and a collaborative team can attract talent and drive growth locally. However, Lovable faced scrutiny in November for not paying VAT in the EU, an issue that Osika acknowledged and promised to address. The vibe coding sector remains attractive to investors, as seen with Cursor's $2.3 billion funding round in November, which also marked a significant jump in its valuation.