Lovable

AI · Developer Tools · Vibe Coding

Funding

Lovable raises $400M Series C at $13.3B valuation

The valuation doubled in eight months as revenue growth outpaces typical enterprise software scaling curves.

• Lovable closed a $400M Series C at a $13.3B valuation, led by existing backer Menlo Ventures and the EU's Scaleup Fund, managed by EQT.
• The Stockholm-based startup lets anyone build apps and websites by describing them in plain language, no coding required.
• The new price tag roughly doubles the $6.6B valuation Lovable hit just eight months earlier via its $330M Series B; Balderton Capital also joined the cap table this round.
• Lovable says it crossed $500M in annual recurring revenue in June 2026, after reportedly reaching $200M ARR by November 2025.
• The Scaleup Fund is a €5B vehicle EQT runs on the EU's behalf to bankroll growth-stage European tech in sectors deemed strategic, including application-layer AI companies like Lovable.
• The deal shows Europe assembling its own late-stage AI capital pools, reducing homegrown unicorns' dependence on US mega-funds to stay independent.