Lovable raises $400M Series C at $13.3B valuation
Swedish vibe-coding startup Lovable closed a $400 million Series C at a $13.3 billion valuation. That is double the $6.6 billion it was valued at when it raised $330 million back in December.
Menlo Ventures and the EQT-managed Scaleup Europe Fund co-led the round. Tencent, Balderton Capital, and new investors from Europe, Latin America, and Asia also joined. Existing backers include Accel, Antler, CapitalG, and HubSpot Ventures.
The Numbers
Annual recurring revenue has nearly tripled from $200 million and the company says it’s tracking toward $600 million by the end of August. Since launching in November 2024, users have created more than 60 million projects. Lovable-built apps now attract more than 900 million visits a month, according to the startup.
Nvidia, Deutsche Telekom, and Adidas are among the companies building on the platform.
What Lovable Does
Lovable lets users build software through natural-language prompts. It’s part of the broader vibe-coding category where the interface is plain English and the output is working code.
CEO and co-founder Anton Osika said in a statement:
“This funding lets us move faster on the product, infrastructure, and team needed to make Lovable the best place to build and run a business.”
The company plans to grow to roughly 450 team members this year, hiring most heavily in machine learning, product, infrastructure, and security.
I’m founder of BizStack at Cagri Sarigoz LLC and a passionate advocate for entrepreneurs.
With over 14 years in tech, marketing, and AI, including my role as Head of SEO at CitizenShipper and co-founder of TaleBot at Intale AI, I’m dedicated to sharing genuine, useful product insights and tips.
At BizStack, I aim to cut through the digital noise to provide clear, actionable advice.
And more than all else, I’m a father to a (always) little girl and a husband.
Contact me at [email protected] for assistance.
