Key facts
- Lovable secured $400 million in a Series C funding round.
- The startup's valuation has been confirmed at $13.3 billion.
- Menlo Ventures and the Scaleup Europe Fund led the investment.
- Lovable achieved $500 million in annualized run rate revenue in June.
- The company now hosts 60 million projects, attracting 900 million monthly visitors.
Europe's vibe-coding startup Lovable has confirmed a new funding round, raising $400 million in Series C financing at a valuation of $13.3 billion. The round was led by Menlo Ventures and the Scaleup Europe Fund, with participation from over a dozen other investors, including Regent, the investment firm that owns TechCrunch.
This latest funding follows Lovable's achievement of $500 million in annualized run rate revenue in June. Its previous funding round, announced in December, secured $330 million at a $6.6 billion valuation, also with Menlo Ventures as the lead investor and CapitalG as co-lead.
The company stated that its growth, now hosting 60 million projects and attracting 900 million monthly visitors, has necessitated increased backend sophistication. Lovable utilizes its own in-house trained AI model alongside other frontier models. In June, the startup entered into a multiyear agreement with Google Cloud, significantly increasing its usage. Lovable has also invested in other European startups, such as Danish company Atech, which develops vibe-coding software for tech hardware design.