Lovable raises $400 million, doubling its valuation
Lovable, which lets people build apps with AI, is now valued at $13.3 billion. It hit a $500 million annualised revenue run rate in June.
The round
The $400 million Series C was co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with a dozen other investors. Lovable was valued at $6.6 billion in its $330 million round in December 2025.
Scale
Lovable hosts 60 million projects drawing 900 million monthly visitors and offers its own in-house model alongside frontier models. It reached a $500 million annualised run rate in June and signed a multiyear Google Cloud deal representing a fivefold increase in usage.
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