Lovable Raises $400M at $13.3B Valuation, Confirms European AI Expansion
Lovable, a European startup focused on vibe-coding, has announced a successful funding round totaling $400 million, achieving a valuation of $13.3 billion. The Series C funding was spearheaded by Menlo Ventures and the Scaleup Europe Fund, with contributions from more than a dozen investors, including Regent, the firm behind TechCrunch. This new round follows a $330 million raise in December at a $6.6 billion valuation, also led by Menlo Ventures alongside CapitalG. In June, Lovable reported an annualized run rate revenue of $500 million and currently supports 60 million projects with 900 million monthly visitors. The company has also partnered with Google Cloud and invested in other startups like Danish Atech, which develops vibe-coding software.
Key facts
- Lovable raised $400 million in a Series C round at a $13.3 billion valuation.
- The round was led by Menlo Ventures and the Scaleup Europe Fund.
- Regent, the investment firm that owns TechCrunch, is among the new investors.
- Lovable hit $500 million in annualized run rate revenue in June.
- Previous round: $330 million at $6.6 billion valuation in December, led by Menlo Ventures with CapitalG as co-lead.
- Lovable hosts 60 million projects and attracts 900 million monthly visitors.
- Lovable offers its own in-house trained AI model and frontier model options.
- In June, Lovable signed a multiyear deal with Google Cloud, increasing usage fivefold.
- Lovable has invested in Danish startup Atech, which builds vibe-coding software for tech hardware design.
Entities
Institutions
- Lovable
- Menlo Ventures
- Scaleup Europe Fund
- Regent
- TechCrunch
- CapitalG
- Google Cloud
- Atech
- Workday
- Asana
- Nvidia
- Replit
- Factory
- Cursor
- SpaceX
Locations
- Europe
- Denmark
- Sweden