Lovable Series C Funding Hits $400M as Valuation Doubles to $13.3B
Lovable has pulled off one of the biggest funding rounds in European tech this year, and the numbers alone tell a story of just how fast the “vibe coding” wave has grown. The Stockholm-based startup announced it raised $400 million in Series C funding at a $13.3 billion valuation, more than doubling the price tag investors put on the company just seven months earlier. For a platform that lets anyone describe what they want in plain language and watch software appear, that kind of leap says a lot about how much appetite remains for AI-driven coding tools.
Key takeaways
- Lovable’s Series C funding round brought in $400 million at a $13.3 billion valuation, led by Menlo Ventures and co-led by the EQT-managed Scaleup Europe Fund.
- New backers include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent, alongside returning investors such as Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.
- Since launching in November 2024, more than 60 million projects have been built on Lovable, and its apps now draw over 900 million visits every month.
- Lovable earned AIUC-1 certification, described as the first security standard built for AI agents.
- The company plans to grow its team to roughly 450 employees this year, hiring heavily in machine learning, product, infrastructure, and security.
Lovable’s $400 Million Series C Funding and Valuation
Lovable’s new $13.3 billion valuation puts it near the top of Europe’s private AI companies, just behind French model-maker Mistral, which sits around $14 billion, according to Business Insider. That places Lovable comfortably ahead of rival coding platform Replit, which was valued at $9 billion back in March. Still, the gap with the biggest American AI labs remains enormous — Anthropic has been valued at roughly $1.2 trillion on secondary markets, and OpenAI at close to $933 billion, figures that reflect private-share trading rather than a formal funding round, Business Insider reported.
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