Lovable hits $13.3B valuation with $400M Series C
Stockholm-based vibe coding platform Lovable just closed a $400 million Series C at a $13.3 billion valuation. That number is more than double the $6.6 billion valuation it carried in December 2024, when it wrapped a $330 million Series B.
Who Put In the Money
Menlo Ventures led the round. The Europe Scaleup Fund, managed by EQT and backed by the European Commission, co-led. New investors include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and U.S. private equity firm Regent. Returning backers include Accel, Antler, Alphabet’s CapitalG, and Salesforce Ventures.
Where Lovable Stands Today
Apps built on Lovable’s platform now draw 900 million visits a month, according to the company. Adidas, Nvidia, and Deutsche Telekom are among the enterprise customers Lovable says are using its tools to build software and replace existing internal tools.
Recent product additions include payment functionality, SEO and AI search tooling, deeper integrations with Google Workspace and Microsoft 365, and automatic security scanning.
What the Money Funds
Lovable says it will use the capital to build more proactive software that better anticipates what customers are trying to create, refine its data loop to improve product success rates, and grow headcount from just over 200 to around 450. New offices are planned in Boston, San Francisco, New York, and London. Stockholm remains headquarters.
For solopreneurs and indie builders, the operator implication is straightforward: Lovable is betting that no-code app building at enterprise scale is a durable category, not a novelty. The enterprise customer list and the size of this round suggest the institutional money agrees.
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