Lovable raised $400 million at a $13.3 billion valuation — 21 months after it launched
Lovable, the Stockholm company whose product turns a written description into a working web app, announced a $400 million Series C on 12 August at a valuation of $13.3 billion. Menlo Ventures co-led with the Scaleup Europe Fund, managed by EQT; Balderton, Carmignac, Kaszek, Tencent, World Innovation Lab, LTS Growth and Regent joined, alongside returning backers Accel, Antler, CapitalG, DST Global, HubSpot Ventures and Salesforce Ventures. The company says more than 60 million projects have been built on it since it launched in November 2024, that apps made with it draw over 900 million visits a month, and that it is used somewhere inside nearly two-thirds of the Fortune 500. It did not disclose revenue. By its own figures, eight in ten users are building something they hope to sell, and more than a third are already earning from it.
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