Lovable’s Valuation Doubles to $13.3 Billion After $400 Million Raise

Lovable raised $400 million at a $13.3 billion valuation, more than doubling its valuation in seven months. Menlo Ventures led the Series C alongside the EQT-managed Scaleup Europe Fund.

The round underscores continued investor demand for AI software-building and vibe-coding startups.

Lovable’s annual recurring revenue has nearly tripled since December, cofounder and CEO Anton Osika wrote in a LinkedIn post announcing the funding. The company previously raised $330 million at a $6.6 billion valuation in December.

Business Insider reported that Lovable disclosed in March it had reached $400 million in ARR, up from $300 million a month earlier and $200 million at the end of 2025.

Lovable helps users build software through natural-language prompts. In a blog post, the company said more than 60 million projects have been created on its platform since its launch in November 2024.

Osika said the new funding will support a shift toward making Lovable a platform for running a business, not just building software.

Lovable’s raise comes amid strong investor interest in AI coding companies. Business Insider cited SpaceX’s agreement in June to buy Cursor for $60 billion and Emergent’s July raise of $130 million at a $1.5 billion valuation.

The new valuation puts Lovable among Europe’s most valuable private AI companies, just below Mistral’s roughly $14 billion valuation and ahead of Replit, valued at $9 billion in March.