Lovable hits $13.3bn valuation in $400m Series C

Lovable, a Swedish vibe coding platform and company, has completed a $400m Series C financing round, bringing its valuation to $13.3bn.

The investment was led by Menlo Ventures, with the Scaleup Europe Fund managed by EQT co-leading the round.

New participants include Balderton Capital and Carmignac from Europe, LTS Growth and Kaszek Ventures from Latin America, World Innovation Lab and Tencent from Asia, and Regent from the US.

Existing investors Accel, Antler, DST Global, CapitalG, HubSpot Ventures, Evantic Capital, and Salesforce Ventures joined the round.

Lovable operates a software creation platform designed to enable users with limited technical backgrounds to build, launch, and manage web-based applications. Since Lovable’s introduction in November 2024, users are said to have created more than 60 million projects.

According to the company, Lovable-powered applications now attract over 900 million visits each month.

Menlo Ventures partner Matt Murphy said: “From the very start, Lovable was built for the billions of people with the creativity and knowledge to make something, but who had always been blocked by technical ability. That focus has created extraordinary growth, a product people love, and a market that expands every time someone becomes a founder or a company rethinks how software gets made.

“We believe Lovable is, and will continue to be, one of the most generational companies of the AI era.”

Following its previous Series B fundraising in December 2025, Lovable focused on building out features required for end-to-end software business operations.

These include payment solutions enabling users to monetise directly, SEO tools to boost visibility, AI-enabled search, and integrations that connect the platform to Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs.

The company also introduced automated security scans, scheduled security checks, and achieved AIUC-1 certification, a security standard for AI agents. Further additions include publishing controls, abandoned app clean-up, workspace analytics, and a public trust centre feature for businesses built on Lovable.

According to the company, about 80% of surveyed users are building either a business or side project with plans to monetise, and over a third are already generating revenue from those projects.

Lovable has observed its use expanding within large enterprises, naming Adidas, Nvidia, and Deutsche Telekom as examples. Teams within these organisations are using the platform to develop workflow tools, replace legacy applications, and turn internal initiatives into products and new lines of business.

The company has outlined three current strategic aims. The first priority is to improve the platform’s ability to help users build and operate their businesses.

Planned enhancements include proactive tooling that anticipates workflow requirements, deeper integrations with existing enterprise technology stacks, and ongoing improvements to security, permissions, and governance.

The second focus is on training Lovable’s systems to identify successful patterns across the user base.

Lovable analyses aggregate user activity to inform continual product updates that, according to the company, will increase the likelihood of positive user outcomes.

The platform employs multiple AI models and post-trains open-source models to customise the application development experience to different user needs, contexts, and work preferences.

The third strategic goal is to expand the team as the company scales. Lovable expects to hire up to 450 staff by the end of the year, with primary growth in machine learning, product development, infrastructure, and security. While the company’s headquarters remain in Stockholm, it is also building out operations in London, Boston, San Francisco, and New York.

Lovable cofounder and CEO Anton Osika said: “Since we started, Lovable has become the place where founders create million dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically at a fraction of what software used to cost.

“There’s a lot more to do.

“We will create the most intuitive platform to build and run a business.”

Earlier in the month, Lovable and Cerebras Systems entered a partnership. Under the arrangement, Lovable will use dedicated Cerebras infrastructure for selected latency-sensitive software workloads.

Both companies have committed to exploring ways in which faster inference from Cerebras hardware could enable new capabilities on Lovable’s platform.