Overview
- Lovable confirmed on Wednesday that it raised $400 million in a Series C at a $13.3 billion post-money valuation led by Menlo Ventures with the EQT-managed Scaleup Europe Fund co-leading.
- The company reported it was tracking a roughly $500 million annualized run rate in June and says it is moving toward about $600 million in revenue this quarter.
- Lovable’s platform auto-generates production-ready apps from natural-language prompts and now hosts more than 60 million projects that draw about 900 million visits per month.
- The startup said the new capital will fund hiring to roughly 450 employees, deeper enterprise integrations, permissions and audit controls, and continued post-training of its models to meet corporate governance needs.
- Investors from Europe, Asia and the U.S., including Tencent, Balderton and returning backers such as Accel and CapitalG, reflect broad global support and position Lovable as a major player in the fast-growing AI code-generation market.