Lovable raises $400 million at a $13.3 billion valuation
The European startup that lets anyone build web apps by typing plain-language instructions has doubled its valuation in eight months and now hosts 60 million user projects.
Key points
- Lovable raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, announced 12 August 2026.
- The round values Lovable at $13.3 billion, up from $6.6 billion in December 2025.
- Lovable reported $500 million in annualised run rate revenue (the pace of earnings if the current month were repeated for a full year) as of June 2026.
- The platform now hosts 60 million projects that attract 900 million visitors every month.
- In June 2026 Lovable signed a multiyear deal with Google Cloud, marking a fivefold increase in cloud usage.
Lovable, the Stockholm-based startup behind one of Europe's most-used "vibe-coding" tools, where you describe what you want to build in plain English and software does the rest, has closed a $400 million Series C funding round. The deal, first reported by TechCrunch, was confirmed by the company on Wednesday.
Menlo Ventures, which also led Lovable's previous raise, and the Scaleup Europe Fund co-led the round. More than a dozen other investors joined.
How fast has Lovable grown?
Very fast. Eight months ago the company was valued at $6.6 billion. That figure has now doubled.
| Milestone | Detail | Date |
|---|---|---|
| Series B raised | $330 million at $6.6 billion valuation | December 2025 |
| Annualised revenue run rate | $500 million | June 2026 |
| Series C raised | $400 million at $13.3 billion valuation | August 2026 |
| Monthly visitors | 900 million across 60 million projects | August 2026 |
| Google Cloud deal | Fivefold increase in usage, multiyear term | June 2026 |
Those visitor numbers put Lovable in territory most media companies would envy. The platform lets ordinary people, not just trained developers, turn a text description into a working web application within minutes.
What is Lovable building with the money?
As the platform scales, its technical demands grow too. Lovable now trains its own in-house AI model, rather than relying entirely on third-party systems, while still giving users the choice of well-known frontier models from other providers. The Google Cloud deal, signed in June, reflects how much raw computing power the service now needs.
The company has also started investing in other European startups. One example is Atech, a Danish company using similar vibe-coding ideas to design physical technology hardware, not just software.
What does this mean for people who use AI tools to build things?
For anyone who has wanted to build a simple app, automate a task, or prototype an idea but lacked coding skills, Lovable is one of a growing group of tools making that possible without hiring a developer. The company's rapid growth suggests demand for those tools is real and rising.
The scale of funding also points to how seriously investors now treat European AI companies. Lovable is increasingly a credible rival to US-based equivalents, and competition between these platforms tends to push prices down and features up for users.
One disclosure worth noting: Regent, an investment firm that owns TechCrunch, is also listed among Lovable's new Series C investors.
