Lovable has raised $330m in new funding to scale its AI-driven software creation platform, as private equity and growth investors increase exposure to next-generation developer tools.

EQT Growth participated in the round as the only new European institutional investor.

Founded in Stockholm, Lovable provides a natural-language interface that allows users without coding skills to build full-stack, production-ready applications. The platform combines artificial intelligence with user-focused design to significantly reduce software development timelines.

The company said enterprises are already using Lovable to shorten development cycles, including reducing multi-week projects to a matter of days. Teams across product, UX, engineering, and operations are adopting the platform as a shared interface for building software.

Lovable reported strong early traction. More than 25 million projects have been created during its first year of operation, with over 100,000 new projects built each day. Applications created on the platform have generated more than 500 million visits within six months.

EQT Growth said the investment reflects confidence in Lovable’s market position and execution. The firm described Lovable as “one of the most compelling examples” of Europe’s ability to produce global AI-native category leaders. EQT Growth added that it was “proud to be backing them on their successful journey”.

The funding will support continued product development, platform scaling, and global expansion. Lovable said advances in large language models will further strengthen its ability to move from prompt to production-grade software.

EQT Growth said the round underlines growing private equity interest in AI-enabled software platforms with strong self-serve adoption and early enterprise demand.

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