Lovable, which serves half of Fortune 500 companies, has hosted more than 60 million projects to date.
AI-powered software development platform Lovable has raised $400 million in a Series C round at a $13.3 billion valuation. The round was led by Menlo Ventures, with Scaleup Europe Fund, managed by EQT, co-leading the round.
Expanding its global investor base, the company added 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 US among its investors. Existing investors including Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures also participated in the round.
Founded in November 2024 and based in Stockholm, Lovable allows users to describe, in everyday language, the app or website they want to build. The platform turns that description into a fully functional web application without requiring users to write a single line of code. Users can build the interface, database, login flow, and hosting all from a single chat window, and take the product directly to a live link.
The vibe-coding startup has hosted more than 60 million projects to date. Serving half of Fortune 500 companies, Lovable said apps built on its platform receive more than 900 million visits per month. According to user surveys, roughly 80 percent of users are building a business or side project aimed at generating income. Teams at established companies such as Adidas, NVIDIA, and Deutsche Telekom also use the platform to build software for their internal workflows.
Since its Series B round in December 2025, Lovable has developed payment infrastructure, a search engine, and tools that provide visibility in AI search. The company has also built deeper integrations with services such as Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs, and obtained AIUC-1 certification, the first security standard for AI agents.
Lovable said it will direct the new funding toward product, infrastructure, and its team. The startup, which aims to grow its headcount to around 450, plans to direct the bulk of its hiring toward machine learning, product, infrastructure, and security. The company will keep its headquarters in Stockholm while taking new steps to grow its presence in London, Boston, San Francisco, and New York.
