Observed Signal · Aug 12, 2026 · Funding · Source: Tech.eu · Impact: 4/5 · Sentiment: Positive
Financials Market: Lovable Raises $400M at $13.3B Valuation, Doubling from Previous Round
Swedish vibe-coding startup Lovable has raised $400 million in a Series C round at a $13.3 billion valuation, more than double its December 2025 valuation of $6.6 billion. The round was co-led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT, with participation from Balderton Capital, Tencent, Kaszek Ventures, and others. Returning investors include Accel, DST Global, and Salesforce Ventures. Lovable, launched in 2024, enables non-coders to build software through AI-assisted 'vibe-coding.' The company reports that apps built on its platform see over 900 million visits per month. Customers include Nvidia, Adidas, and Zendesk. Lovable plans to expand its business customer base, grow headcount by 50% to 450 employees across Sweden and the US, and develop more proactive capabilities beyond prompt-based interactions, while continuing to use multiple AI models and post-train open-source models.
Major Series C funding round for a leading European AI startup, nearly doubling its valuation to $13.3B, signaling strong investor appetite for AI-powered software creation tools that can reshape how businesses build applications and marketing technology.
Key Takeaways & Evidence Grounding
- Lovable raised $400 million in Series C funding.
- The round values Lovable at $13.3 billion, double its December 2025 valuation of $6.6 billion.
- The round was co-led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT.
- Apps built on Lovable see over 900 million monthly visits.
- Customers include Nvidia, Adidas, and Zendesk.
Connected Companies & Entities
16 Entities mappedReplit
Cloud software creation platform for AI-assisted app development.
“Lovable, which faces competition from startups like Replit...”
Antler
Global venture capital firm backing founders from inception to scale.
“Returning investors include Accel, Antler...”
Anthropic
Foundation model company selling AI assistants and model APIs.
“could also face stiffer challenges from the likes of Anthropic...”
Lovable
AI platform for building and deploying web apps from prompts.
“Swedish vibe-coding startup Lovable has raised $400m in new funding, at a $13.3bn valuation....”
CapitalG
Alphabet growth fund investing in transformational technology companies.
“CapitalG...”
NVIDIA
Accelerated computing company spanning AI software, cloud and gaming.
“whose customers include Nvidia...”
Tencent
Chinese internet platform spanning social, gaming, media, ads and cloud.
“Asia’s Tencent...”
Salesforce Ventures
Corporate venture investor backing enterprise cloud and AI startups.
“and Salesforce Ventures....”
adidas
Global sportswear brand selling footwear, apparel and accessories.
“customers include Nvidia, Adidas...”
Accel
Global early-stage venture capital firm investing across major tech ecosystems.
“Returning investors include Accel...”
DST Global
Investor / PEGlobal investment firm backing high-growth internet companies.
“DST Global...”
Zendesk
Customer service software for ticketing, automation and AI support.
“and Zendesk....”
Menlo Ventures
Early-stage venture capital firm investing heavily in AI startups.
“co-led by Silicon Valley investor Menlo Ventures...”
OpenAI
Foundation model company selling AI software, APIs and subscriptions.
“and OpenAI...”
EQT Group
Investor / PEGlobal private markets investment and asset management firm.
“the Scaleup Europe Fund, managed by EQT....”
Balderton
European venture capital firm backing technology founders.
“Other investors in the round include Europe’s Balderton Capital...”
Ontology Mapping & Concepts
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