A $400 million Series C has doubled the valuation of Lovable, the Swedish startup whose AI builder lets people generate apps from plain language, to $13.3 billion.
Menlo Ventures and the Scaleup Europe Fund led the round, joined by more than a dozen other backers. The deal, confirmed August 12, follows a $330 million raise last December that valued the company at $6.6 billion.
Lovable’s pitch rests on momentum: $500 million in annualized run rate revenue as of June, 60 million hosted projects, and 900 million monthly visitors. A multiyear Google Cloud agreement signed in June lifted its cloud usage fivefold, and the startup trains its own model while also offering frontier options.
The company has begun investing in other European founders, including Atech, a Danish startup applying vibe coding to hardware design. The round is the latest sign of investor appetite for tools that turn natural language prompts into working software.
