Lovable, the Stockholm-based vibe-coding startup, has successfully raised $400 million in a Series C funding round, elevating its valuation to $13.3 billion. This round was led by Menlo Ventures and the Scaleup Europe Fund, with participation from over a dozen other investors.
This latest funding milestone follows Lovable’s impressive growth trajectory. In June, the company reported an annualized revenue run rate of $500 million. Prior to this, in December, Lovable secured $330 million at a $6.6 billion valuation, also led by Menlo Ventures, with CapitalG as co-lead.
Since its inception, Lovable has experienced rapid expansion. The platform now hosts 60 million projects, attracting 900 million monthly visitors. To support this growth, Lovable has developed its own in-house trained AI model and offers various frontier model options. In June, the company entered into a multiyear agreement with Google Cloud, resulting in a fivefold increase in usage.
Beyond its internal developments, Lovable has been active in supporting other European startups. Notably, it has backed Danish startup Atech, which specializes in vibe-coding software for tech hardware design.
Lovable’s remarkable growth and substantial funding underscore the increasing demand for AI-driven coding solutions. As the company continues to innovate and expand its offerings, it is well-positioned to play a pivotal role in the evolving landscape of software development.
