Lovable hits $13.3B valuation after $400M Series C
Stockholm-based Lovable just closed a $400 million Series C at a $13.3 billion valuation, double what the company was worth eight months earlier. Menlo Ventures led the round. The Scaleup Europe Fund managed by EQT co-led. New backers came from every major region: Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the US. Accel, CapitalG, DST Global, HubSpot Ventures, Salesforce Ventures, and others returned.
The Numbers
- $500M ARR crossed by June 2026, with a target of $600M by month’s end
- 60 million projects created since the November 2024 launch
- 900 million monthly visits to apps built on the platform
- Nearly two-thirds of Fortune 500 companies have Lovable users inside them
- Prior round: $330M raised in December 2025 at a $6.6B valuation, with Alphabet and Nvidia venture arms participating
What Lovable Does
Co-founders Anton Osika and Fabian Hedin built Lovable around a single idea: describe what you want, get working software back. No code required. The platform is squarely in the vibe coding category, a term Andrej Karpathy popularized for AI-assisted software creation where intent drives output.
Enterprise customers including Adidas, NVIDIA, and Deutsche Telekom use it for internal tools. Zendesk’s Jorge Luthe noted that what began as faster prototyping became a production system for internal products. The platform now includes payments, SEO, Stripe and Salesforce integrations, Google Workspace connectivity, and automatic security scanning. It holds AIUC-1 certification, an early standard for AI agents.
The Operator Angle
Nearly 80% of Lovable builders aim to monetize what they create, according to the company’s own survey data. More than a third already do. Three user examples from the announcement show what that looks like in practice: a travel platform called AVARA now reaches over 100 countries after 14 years stuck without an engineer; a UK fashion discovery tool saved its founder tens of thousands monthly and closed a £3 million round; a 54-person Brazilian AI education firm is targeting R$100 million in revenue this year using Lovable as its build layer.
The company plans to hire toward 450 people in 2026, focused on machine learning, infrastructure, and security. Offices are in Stockholm, London, Boston, San Francisco, and New York.
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