Menlo Ventures doubles down as Lovable hits $13.3B in eight months
Lovable raised $400 million at a $13.3 billion valuation. The Stockholm-based startup turns plain language prompts into working software.
The price doubled in eight months, and the European Union entered its list of shareholders for the first time.
Brussels writes a check to keep Lovable in Europe
Menlo Ventures and the Scaleup Europe Fund co-led the Series C, Lovable said in a blog post on August 12. Menlo wrote the lead check in Lovable’s previous round in December 2025.
The company raised $330 million at a $6.6 billion valuation, then, with co-lead CapitalG. Alphabet’s venture unit and Nvidia also joined the December round.
Lovable will be the firm’s biggest single investment after Anthropic, partner Matt Murphy said. He called the investment “a testament to how bullish we are on Lovable’s outlook.”
The round attracted new investors, including Balderton Capital, Carmignac, Kaszek Ventures, Tencent, World Innovation Lab, and Regent, while returning backers are Accel, Antler, CapitalG, DST Global, HubSpot Ventures, and Salesforce Ventures.
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