Lovable Raises $400M at $13.3B Valuation as Enterprise Vibe-Coding Demand Surges

Lovable, the Stockholm-based software creation platform known as a leader in the "vibe-coding" market, has raised $400 million in a Series C funding round at a $13.3 billion valuation, the company confirmed Wednesday. The round was co-led by Menlo Ventures and the Scaleup Europe Fund, an EU-backed investment vehicle managed by EQT.

The valuation has more than doubled from $6.6 billion in December 2025, when Lovable raised $330 million in a Series B round also led by Menlo Ventures. The rapid ascent reflects sustained investor appetite for AI-powered platforms that allow users to build applications through natural-language prompts without traditional programming expertise.

**Revenue Growth and Enterprise Traction**

Lovable's annualized recurring revenue has nearly tripled from $200 million and is on track to reach approximately $600 million by the end of August, according to the company. The startup previously reported a $500 million annualized run rate in June.

The platform has seen explosive adoption since its launch in November 2024. Lovable said users have created more than 60 million projects on the platform, and Lovable-built applications now attract more than 900 million monthly visits. Within enterprises, adoption has spread rapidly: Lovable said nearly two-thirds of Fortune 500 companies now have employees using the platform, up from half within the first year.

Corporate customers include Nvidia, Deutsche Telekom, Adidas, Hearst, and Zendesk, according to multiple sources. Nvidia uses Lovable to create customized project-tracking software for team leaders, while Zendesk's Senior Director of Product, Jorge Luthe, said in a company blog post that "what started as a faster way to prototype has become an important tool for building internal products."

**Investor Base Broadens Globally**

The Series C round drew new investors from multiple regions. Tencent, Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, World Innovation Lab, and Regent all participated. Regent is the investment firm that also owns TechCrunch, which reported the story.

Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. Lovable said the new capital broadens its investor base across Europe, Latin America, Asia, and the United States.

**Team Expansion and Infrastructure Build-Out**

Lovable plans to grow its workforce to roughly 450 employees this year, a roughly 50% increase from its current size. The company said hiring will focus on machine learning, product development, infrastructure, and security.

CEO and co-founder Anton Osika said in a statement that the funding will allow Lovable to "move faster on the product, infrastructure, and team needed to make Lovable the best place to build and run a business." The company outlined three priorities: making Lovable more proactive as a platform, deepening integrations with existing technology stacks (including Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs), and scaling governance features for enterprise use.

**Enterprise Governance and Security**

As Lovable's usage expands inside organizations, the company has introduced enterprise-grade controls. Its Workspace Insights tool gives administrators an inventory of projects, externally published apps, and information about ownership, security findings, authentication providers, and database configurations. Lovable said enterprise workspaces can grow to thousands of projects, meaning the platform itself becomes part of an organization's managed software estate.

Lovable also earned AIUC-1 certification, described as the first security standard for AI agents, and now offers a dedicated security page for businesses built on the platform.

**Broader Vibe-Coding Market Context**

Lovable's valuation surge reflects a wider trend in AI-native software development. Competitor Replit was valued at $9 billion in March, and in June SpaceX agreed to acquire Cursor parent Anysphere for $60 billion, according to TechRepublic.

TechCrunch reported that Lovable has also backed other European startups, including Danish firm Atech, which builds vibe-coding software for hardware design.

**Customer Stories Showcase Impact**

Lovable's blog post highlighted several customer case studies. Fashion discovery app WNTD, built by Lex Deak in the U.K., saved £25,000-30,000 per month using Lovable and closed a £3 million funding round. Brazilian AI education company Viver de IA, founded by Rafael Milagre, built its CRM, finance tools, and website on Lovable and is on track for R$100 million in revenue this year with 54 employees.

Nursa, a U.S. healthcare staffing company, rebuilt its core platform 12 times faster using Lovable and is retiring 10 SaaS systems as teams build their own tools internally.

Lovable CEO Osika said user survey data shows nearly 8 in 10 builders are creating a business or side project they hope to monetize, and more than one-third of those are already earning revenue.