Observed Signal · Oct 29, 2026 · Funding · Source: Lovable · Impact: 5/5
Lovable raises $400M in Series C funding at $13.3B valuation
Lovable announced a $400 million Series C funding round at a $13.3 billion valuation, led by Menlo Ventures and co-led by EQT's Scaleup Europe Fund. The round includes new investors from Europe, Latin America, Asia, and the US, with participation from existing backers like Accel, CapitalG, and Salesforce Ventures. Since its November 2024 launch, Lovable has seen over 60 million projects created and 900 million monthly visits, and plans to grow to ~450 employees this year.
This funding round values Lovable at $13.3 billion, making it one of Europe's most valuable AI startups. The investment signals strong confidence in AI-powered software creation platforms and expands Lovable's global investor base, positioning it to challenge traditional software development paradigms.
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Key Takeaways & Evidence Grounding
- Lovable raised $400 million in Series C funding at a $13.3 billion valuation, announced on October 29, 2026.
- The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund (managed by EQT), with new investors including Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent.
- Since its launch in November 2024, Lovable users have created over 60 million projects, and Lovable-built apps receive over 900 million visits per month.
- Within its first year, Lovable reached employees at half of the Fortune 500; less than a year later, that figure has grown to nearly two-thirds.
- Lovable plans to grow to roughly 450 team members this year, with hiring focused on machine learning, product, infrastructure, and security roles.
- The company's Series B was in December 2025; since then, it added payment functionality, SEO tools, integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs, and earned AIUC-1 certification.
Connected Companies & Entities
2 Entities mapped“Lovable is the AI-powered software creation platform that raised $400 million in Series C funding at a $13.3 billion valuation.”
“Menlo Ventures led the Series C round and has backed several consequential AI-era companies.”
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Lovable Raises $400M at $13.3B Valuation
Lovable, a European "vibe-coding" startup, confirmed a $400 million Series C at a $13.3 billion valuation led by Menlo Ventures and the Scaleup Europe Fund. The funding follows the company reaching a $500 million annualized run rate in June and builds on a prior December round that raised $330 million at a $6.6 billion valuation. Lovable says it hosts 60 million projects with 900 million monthly visitors, runs an in-house trained AI model, signed a multiyear deal to increase Google Cloud usage fivefold, and has invested in other European startups such as Danish firm Atech. One Series C investor is Regent, the investment firm that owns TechCrunch.
Lovable Eyes $13.2B Valuation in $300M Round
Lovable, a Swedish "vibe-coding" startup, is reportedly in talks to raise $300 million at a $13.2 billion valuation — double the $6.6 billion valuation it reached in December. Menlo Ventures is expected to lead the round. The company reached an annualized revenue run rate of $500 million in June and serves customers ranging from individual designers and founders to large enterprises such as Workday, Asana and Nvidia. The piece situates Lovable within a broader wave of high‑value vibe‑coding startups, citing comparators like Replit, Factory and Cursor (the latter recently acquired by SpaceX).
Lovable's annualized revenue crosses $600M as vibe coding takes off
Lovable, a vibe-coding platform, has surpassed $600 million in annualized revenue, as announced by co-founder Fabian Hedin at the HumanX summit. The company, which focuses on growing its enterprise business, claims that two-thirds of Fortune 500 companies use its product, including Microsoft, Nvidia, and Deutsche Telekom. Apps created on the platform attract nearly a billion views monthly. Lovable has raised over $700 million in two funding rounds: $300 million in December 2025 at a $6.6 billion valuation, and $400 million in August 2026 at a $13.3 billion valuation, both led by Menlo Ventures, with CapitalG and Scaleup Europe Fund participating respectively.
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