Key facts
- Lovable raised $400 million in a Series C funding round.
- The company achieved a valuation of $13.3 billion.
- Menlo Ventures co-led the funding round.
- The Scaleup Europe Fund also co-led the funding round.
- Lovable reported reaching $500 million in annualized run rate revenue in June.
Lovable has announced the successful completion of its Series C funding round, raising $400 million and reaching a valuation of $13.3 billion. The investment was co-led by prominent venture capital firms Menlo Ventures and the Scaleup Europe Fund. This significant capital infusion comes shortly after Lovable reported achieving an annualized run rate revenue of $500 million in June. The company's strong financial performance and market traction appear to have driven investor interest. The Series C round is expected to fuel further expansion and development for Lovable. The company has not disclosed specific plans for the new capital, but typically such funding supports product innovation, market penetration, and operational scaling. The valuation of $13.3 billion places Lovable among the higher-valued private companies in its sector, reflecting substantial investor belief in its future prospects. The participation of established investors like Menlo Ventures and the Scaleup Europe Fund underscores the perceived strength of Lovable's business model and growth potential.