Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B in Eight Months

Lovable Doubles Valuation with $400 Million Series C Funding

Swedish AI coding startup Lovable has raised $400 million in Series C funding at a $13.3 billion valuation, effectively doubling its worth from $6.6 billion in December 2025.4

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The round was co-led by Menlo Ventures and the Scaleup Europe Fund, a $5 billion EU-backed vehicle managed by EQT.3

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This marks a significant milestone for the vibe-coding platform that enables users to build full-stack web applications without coding expertise by describing requirements in plain English.1

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The funding round attracted global investment interest, with new backers including Regent, Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, and World Innovation Lab.4

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Returning investors included Accel, Antler, CapitalG, DST Global, HubSpot Ventures, and Salesforce Ventures. With this raise, Lovable has raised more than $930 million to date.4

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Enterprise Adoption Drives Growth for AI-Driven Development Platform

Since launching publicly in November 2024, the AI platform has seen explosive growth with more than 60 million projects created on its platform.3

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These Lovable-built websites now receive over 900 million monthly visits.2

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The company's annualized revenue hit $500 million in June, up from $200 million in November 2025, and is expected to reach $600 million by the end of August.4

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Enterprise adoption represents the most significant growth opportunity for the AI-assisted software creation platform. Employees at nearly two-thirds of the Fortune 500 now use Lovable, up from about half six months ago.4

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Named customers include NVIDIA, Adidas, Deutsche Telekom, Hearst Communications, Zendesk, Workday, and Udacity.1

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However, enterprise contracts currently account for only about $20 million of annualized revenue, leaving most business with individuals and small teams paying by subscription.4

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Non-Technical Users Lead AI Coding Startup Adoption

A remarkable statistic underscores why this matters: 4 out of 5 Lovable users are in non-technical roles.2

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This democratization of software development represents a fundamental shift in how businesses approach digital transformation. Nearly eight in 10 users are building a business or side project they intend to monetize, with more than a third already earning revenue.4

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CEO and co-founder Anton Osika, who started the company with Fabian Hedin in 2023, emphasized the platform's evolution: "Lovable's first chapter was about making it possible for more people to build software. This next chapter is about helping them run and grow what they build."5

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The company recently integrated payment functionalities, SEO tools, and deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs to support this vision.5

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Strategic Expansion Plans and Infrastructure Investment

The new funding will accelerate deeper enterprise integrations, governance and permissions controls, and further training of Lovable's in-house machine learning models.4

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The company also announced a partnership with AI infrastructure provider Cerebras to accelerate AI inference on its platform.1

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Lovable plans to expand its team to roughly 450 people by year's end, up about 50%, focusing on machine learning, product, infrastructure, and security roles.3

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The company is filling out offices in London, Boston, San Francisco, and New York alongside its Stockholm headquarters.4

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Matt Murphy, a partner at Menlo Ventures, stated: "Lovable is, and will continue to be, one of the most generational companies of the AI era."4

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The backing from Scaleup Europe Fund, Europe's largest fund of its kind, positions Lovable to better compete with US and China in emerging technologies while challenging established players like ChatGPT and Claude.3

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