Lovable Raises $400M at $13.3B Valuation, Doubling in Eight Months

Lovable, a Stockholm-based platform that lets users build software through natural-language prompts, has raised $400 million in Series C funding at a $13.3 billion valuation. The round was led by Menlo Ventures and co-led by EQT’s Scaleup Europe Fund, a European Union-backed investment vehicle.

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 company blog post.

The raise marks a sharp jump from December, when Lovable closed a $330 million Series B at a $6.6 billion valuation. The company’s valuation has more than doubled in eight months.

**Revenue and user growth**

Lovable’s annual recurring revenue has nearly tripled from $200 million and is on track to reach about $600 million by the end of August, according to NDTV Profit. The company is nearing that run rate, TechRepublic reported.

Since launching in November 2024, users have created more than 60 million projects on the platform. Lovable-built applications receive more than 900 million visits each month, the company said.

Enterprise adoption is broadening. Customers include Nvidia, Adidas, Deutsche Telekom, Hearst, and Zendesk, according to multiple sources. Lovable said employees at nearly two-thirds of the Fortune 500 now use its platform.

The company plans to expand its workforce by 50% to around 450 employees this year, with hiring focused on machine learning, product development, infrastructure, and security.

**Platform and enterprise features**

Lovable operates in the “vibe-coding” market, where users describe what they want — front ends, back ends, databases, authentication, and integrations — and AI generates the code for review or export to GitHub. The platform is increasingly used for internal tools and production applications by product managers, designers, and marketers alongside engineering teams.

Enterprise controls include single sign-on, SAML authentication, role-based access, SCIM provisioning, audit logs, and GitHub integration. Lovable’s Workspace Insights tool provides administrators an inventory of projects and externally published apps, along with data on security findings, personally identifiable information, publishing status, and authentication providers. The company said enterprise workspaces can grow to thousands of projects.

Lovable has earned AIUC-1 certification, described as the first security standard for AI agents. Its platform includes automatic and scheduled security scanning, publishing controls, and abandoned app clean-up.

**Customer and investor context**

In a company blog post, Lovable cited customer case studies including WNTD, a fashion discovery app that saved £25,000–30,000 a month and closed a £3 million funding round; Viver de IA, an AI education company in Brazil on track for R$100 million in revenue; and Nursa, a U.S. nursing staffing firm that rebuilt its core platform 12 times faster using Lovable and is retiring 10 SaaS systems.

Jorge Luthe, senior director of product at Zendesk, said in the blog post: “With Lovable, we’ve been able to build solutions tailored to our business needs, from internal training tools to a roadmap application that better fits our workflow and reduces reliance on expensive off-the-shelf software.”

CEO and co-founder Anton Osika said the new funding will help the company accelerate investments in product, infrastructure, and workforce, as reported by NDTV Profit.

**Broader market**

The round underscores strong investor appetite for AI-native software platforms. TechRepublic reported that Replit was valued at $9 billion in March, and SpaceX agreed to acquire Cursor parent Anysphere for $60 billion in June.

Lovable’s $13.3 billion valuation reflects a bet that far more employees will build software themselves. The company’s enterprise offering acknowledges that such adoption expands the software an organization must track, requiring new governance policies around who can build, publish, and maintain applications.

The funding positions Lovable to compete as a central platform for creating and running business software, the company said. Its three priorities include making the platform more proactive, deepening integrations with existing technology stacks, and building out infrastructure for global scale.