Lovable Raises $400 Million at $13.3 Billion Valuation

Swedish startup Lovable said on August 12 it has raised $400 million in Series C funding at a $13.3 billion valuation, doubling its value since December as demand grows for tools that let users build software through natural-language prompts.

Menlo Ventures and EQT's Scaleup Europe Fund co-led the round, with participation from Tencent, Balderton Capital, and other investors from Europe, Latin America, and Asia. The company previously raised $330 million at a $6.6 billion valuation in December 2025.

Lovable's annual recurring revenue has nearly tripled from $200 million and is tracking toward $600 million by the end of August. Since launching in November 2024, users have created more than 60 million projects on the platform, and apps built with Lovable attract more than 900 million visits a month, the company said.

Nvidia, Deutsche Telekom, and Adidas are among the companies building on Lovable, according to the startup. Chief executive Anton Osika said the funding will accelerate product, infrastructure, and team expansion. "This funding lets us move faster on the product, infrastructure, and team needed to make Lovable the best place to build and run a business," he said.

The company plans to grow to roughly 450 employees this year, hiring most heavily in machine learning, product, infrastructure, and security. Existing investors include Accel, Antler, CapitalG, and HubSpot Ventures.

The round highlights investor appetite for so-called vibe coding platforms, where users describe what they want in plain language and AI handles the underlying code. Lovable's rapid revenue growth and enterprise client list suggest the category has expanded beyond hobbyists into mainstream software development.