Lovable Raises $400M Series C at $13.3B for AI App Building
Lovable closed a $400 million Series C at a $13.3 billion valuation, co-led by Menlo Ventures and the Scaleup Europe Fund managed by EQT. The round brings in Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the US. Returning: Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, Salesforce Ventures.
The valuation more than doubled from the $6.6 billion set by its $330 million Series B in December β eight months ago. Revenue moved with it. Lovable says it is on track for a run rate near $600 million by the end of August, roughly triple what it disclosed in December. Very few software companies in history have tripled revenue in eight months at that absolute scale.
The framing in Lovable's own announcement has shifted, and it is the interesting part. The pitch is no longer building apps, it is helping people run their businesses. That is the natural move for anyone in this category: app generation is a feature that every model vendor will eventually ship for free, but the workflow, the data, and the operational surface around a running business are much harder to commoditize. Whether Lovable can actually get there before the models eat the generation layer is the whole question this $400M is buying time to answer.
Also worth noting for anyone tracking where the money is: a European company just raised at $13.3B with Asian and Latin American strategic investors on the cap table, co-led by an American fund and a European one. The vibe-coding market stopped being a Bay Area story.
Announcement at https://lovable.dev/blog/series-c
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The valuation more than doubled from the $6.6 billion set by its $330 million Series B in December β eight months ago. Revenue moved with it. Lovable says it is on track for a run rate near $600 million by the end of August, roughly triple what it disclosed in December. Very few software companies in history have tripled revenue in eight months at that absolute scale.
The framing in Lovable's own announcement has shifted, and it is the interesting part. The pitch is no longer building apps, it is helping people run their businesses. That is the natural move for anyone in this category: app generation is a feature that every model vendor will eventually ship for free, but the workflow, the data, and the operational surface around a running business are much harder to commoditize. Whether Lovable can actually get there before the models eat the generation layer is the whole question this $400M is buying time to answer.
Also worth noting for anyone tracking where the money is: a European company just raised at $13.3B with Asian and Latin American strategic investors on the cap table, co-led by an American fund and a European one. The vibe-coding market stopped being a Bay Area story.
Announcement at https://lovable.dev/blog/series-c
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