Lovable Raises $400M at $13.3B Valuation as Enterprise AI Software Demand Surges

Lovable, the Stockholm-based platform for creating software through natural-language prompts, has raised $400 million in Series C funding at a $13.3 billion valuation, nearly doubling its valuation from $6.6 billion in just eight months. The round underscores surging demand for AI-powered software development tools that let non-engineers build applications.

The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. New investors include Tencent, Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, World Innovation Lab, and Regent. Returning investors — Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures — also participated, according to a blog post from Lovable. The funding follows a $330 million Series B in December 2025 that valued the company at $6.6 billion.

**Revenue and Usage Tripling**

Lovable’s annual recurring revenue has nearly tripled from $200 million and is on track to reach approximately $600 million by the end of August, NDTV Profit reported. TechRepublic also pegged the company as “nearing a $600 million annual revenue run rate.” Since its launch in November 2024, users have created more than 60 million projects on the platform, and Lovable-built applications now receive more than 900 million visits each month, multiple sources confirmed.

The company plans to expand its workforce by 50% to roughly 450 employees this year, with hiring focused on machine learning, product development, infrastructure, and security, according to sources. NDTV Profit reported that CEO and co-founder Anton Osika said the new capital will accelerate investments in product, infrastructure, and the team.

**Enterprise Adoption Deepens**

Lovable’s customer list has grown to include Nvidia, Adidas, Hearst, Zendesk, and Deutsche Telekom, reflecting a shift of AI-built applications from experiments into everyday business tools. In a blog post, Lovable highlighted several customer stories: fashion discovery app WNTD saved £25,000–30,000 per month; AI education company Viver de IA serves more than 1,200 clients; nursing staffing firm Nursa rebuilt its core platform 12 times faster and is retiring 10 SaaS systems.

The blog post also included endorsements from senior executives. Jorge Luthe, Senior Director of Product at Zendesk, said, “What started as a faster way to prototype has become an important tool for building internal products that support how our teams work.” Veronika Zatulovskaya, VP of Marketing at Handshake, said Lovable “changed how we think about building internal software.” Luca Bonmassar, CTO of Checkr, noted that his operations team used Lovable to process 10 times more QA reports.

**The Broader Vibe-Coding Market**

Lovable operates in the fast-growing “vibe-coding” segment, where users describe desired software in natural language and AI generates front ends, back ends, databases, authentication, and integrations. The generated code can be reviewed or exported to GitHub. Investors are placing large bets across the category: TechRepublic noted that Replit was valued at $9 billion in March, and SpaceX agreed to acquire Cursor parent Anysphere for $60 billion in June.

**Governance and Infrastructure Requirements**

As non-engineers build more applications, enterprise IT teams face new oversight challenges. Lovable’s platform now includes enterprise features such as SSO and SAML authentication, role-based access controls, SCIM provisioning, audit logs, GitHub integration, and Workspace Insights — a tool that gives administrators an inventory of projects, externally published apps, security findings, and database-level settings. The company says enterprise workspaces can grow to thousands of projects, effectively making AI app builders a permanent part of an organization’s software estate.

Lovable also reported that nearly 8 in 10 users are building a business or side project they hope to monetize, and more than one-third of those are already earning revenue, according to a user survey cited by the company.