Lovable has raised $400 million in a Series C funding round, reaching a valuation of $13.3 billion. The round was led by Menlo Ventures and the Scaleup Europe Fund, which is managed by EQT.

The funding follows a December 2025 Series B round in which the company raised $330 million at a $6.6 billion valuation. That previous round was led by Menlo Ventures with CapitalG as co-lead.

60 million projects

Projects created with Lovable since its launch in November 2024

Since launching in November 2024, the Sweden-based company, which maintains its center of gravity in Stockholm, has seen more than 60 million projects created on its platform. Apps built with Lovable receive more than 900 million monthly visits.

Global Investor Participation

The Series C round included new investors from multiple regions: 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 United States. Regent, a US investment firm that owns Foundry—the private equity firm owning TechCrunch, PCWorld, and Macworld—was among the new investors.

Returning investors in this round include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. More than a dozen other investors participated in the round.

Revenue and Market Adoption

Lovable hit an annualized run rate revenue of $500 million in June. The company also signed a multiyear deal with Google Cloud in June, which resulted in a fivefold increase in Lovable's Google Cloud usage.

The platform is used by established companies including Adidas, NVIDIA, and Deutsche Telekom. User survey data indicates that nearly 8 in 10 users are building a business or side project they hope to monetize. More than one-third of those building businesses or side projects are already earning revenue.

With Lovable, we've been able to build solutions tailored to our business needs.
— Jorge Luthe, Senior Director of Product at Zendesk
Lovable has changed how we think about building internal software.
— Veronika Zatulovskaya, VP of Marketing at Handshake

Expansion and Future Growth

The company offers its own in-house trained AI model alongside frontier model options and has backed the Danish startup Atech. Additionally, the travel product AVARA, built with Lovable, is currently used in more than 100 countries.

They prove that Europe has no shortage of exceptional founders.
— Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund