Lovable raises $400M Series C at $13.3B valuation
Lovable just closed a $400 million Series C at a $13.3 billion valuation. Menlo Ventures led the round. The Scaleup Europe Fund, managed by EQT, co-led. New investors include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent. Returning investors include Accel, Antler, CapitalG, DST Global, HubSpot Ventures, and Salesforce Ventures.
The Numbers So Far
Lovable launched in November 2024. Since then, users have created more than 60 million projects. Apps built on the platform see over 900 million visits per month. The company says employees at nearly two-thirds of the Fortune 500 now use it, up from half within its first year.
User survey data shows nearly 8 in 10 Lovable builders are working on a business or side project they intend to monetize. More than one-third of those are already generating revenue.
Enterprise Adoption in Practice
Teams at Adidas, NVIDIA, and Deutsche Telekom are using Lovable to build internal tools, replace legacy SaaS, and ship new products. A few reported outcomes from the announcement:
- WNTD (UK): Founder Lex Deak built a fashion discovery app with Lovable, reporting savings of £25,000 to £30,000 per month, hundreds of thousands of customers onboarded, and a £3 million funding round closed.
- Viver de IA (Brazil): Rafael Milagre used Lovable to build a CRM, finance tools, a website, and AI SDR workflows for his 54-person AI education company. The company serves more than 1,200 clients and is on track for R$100 million in revenue this year.
- Nursa (US): VP of Product Nenad Ivanovic built a new enterprise product for nursing schools in a single weekend. Nursa has since rolled Lovable out to 200-plus employees, rebuilt its core platform 12x faster, and is retiring 10 SaaS systems.
What’s Next
Lovable says it plans to grow to roughly 450 team members this year, hiring primarily in machine learning, product, infrastructure, and security. The company will keep its headquarters in Stockholm while expanding in London, Boston, San Francisco, and New York.
The product roadmap points toward more proactive AI behavior, deeper integrations with existing tech stacks, and continued post-training of open-source models to personalize the building experience.
For solopreneurs and indie builders watching the no-code and AI-assisted development space: Lovable is now one of the most heavily funded companies in it. The enterprise adoption numbers suggest this is past the early-adopter phase.
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