Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B as Vibe Coding Gains Traction

Lovable vibe-coding platform builds momentum

Lovable unveils Series C funding, Cerebras partnership, and new capabilities in buildout of its AI-powered web application development platform. Vibe-coding website company Lovable has raised $400 million in Series C funding at a $13.3 billion valuation. The company also recently announced a partnership with AI infrastructure provider Cerebras to accelerate AI inference on its platform. Lovable is a vibe-coding website where users can create full-stack web applications without coding expertise by describing what they want in plain English. The platform combines AI coding tools, real-time collaboration, and project sharing. Customers include the likes of Adidas, Deutsche Telekom, NVIDIA, Udacity, and Workday. In the August 12 funding announcement, the company also unveiled several new Lovable platform capabilities:

Lovable's $400M funding show vibe coding means business

Well, here's a surprise. It turns out there's a AI development platform called Lovable -- think vibe-coding with serious enterprise scaffolding behind it -- and now the same investor that owns PCWorld is also an investor in Lovable. On Wednesday, the Sweden-based Lovable announced that it raised $400 million in series C funding, and one of the new backers includes Regent, the same private equity firm that owns Foundry, whose portfolio includes PCWorld, Macworld, TechCrunch and other tech publications. You can find Regent's press release here. If anything, the Lovable announcements underscores that vibe-coding far exceeds the consumer hobbyist space. Lovable, whose team is pictured above, says more than 60M projects have been created with the platform, and Lovable-built websites receive more than 900M monthly visits. In essence, it can help build the software on which AI-fueled businesses run. But here's the stat that really resonates: They say 4 out of 5 Lovable users are in non-technical roles. As someone who's struggled to create even basic web pages with token-starved LLMs, I'm intrigued by what a robust, enterprise-grade vibe-coding package may provide.

Sweden's Lovable valued at $13.3bn with Scaleup Europe Fund backing

Lovable now aims to expand on its product and infrastructure, and wants to hire across offices globally. AI vibe-coding start-up Lovable has tapped fresh funding from Scaleup Europe Fund and China's Tencent in a round that values the Swedish company at $13.3bn. The $400m Series C round was led by Menlo Ventures and co-led by the $5bn EQT-run EU fund. The raise doubles Lovable's $6.6bn valuation from last December after a $330m Series B raise, also led by Menlo. With big backers from across the world, including Balderton Capital, Europe's Carmignac, World Innovation Lab, Accel, HubSpot and Salesforce, Lovable now aims to expand on its product, infrastructure and team as it looks to challenge the likes of ChatGPT and Claude. Lovable enables users to build apps and websites using AI. Since its launch in late 2024, users have created more than 60m projects using its tools, the company said. In recent months, it has integrated payment functionalities and other features into its tools to help users monetise building using Lovable. "As millions of people build with Lovable, the system gets better at understanding which choices lead to stronger outcomes," it said. The AI start-up said it will grow its global team - spread across Stockholm, London, Boston, San Francisco and New York - to roughly 450 people. Hiring will be focused around machine learning, product, infrastructure, and security roles. EU's Scaleup Europe Fund - the largest of its kind in Europe - is helping EU-based companies across a range of strategic sectors, including AI, quantum, clean energy, space-tech, biotech and medical innovation tap high growth capital and support in a bid to better compete with US and China in emerging technologies. Finnish space intelligence start-up Iceye was the first to officially tap support from the Fund earlier this month, with reports also placing it behind the Bavarian space-tech The Exploration Company and Paris-based Mistral AI. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Vibe coding startup Lovable doubles valuation to $13.3B on $400M raise

Lovable Labs Inc. said today it has raised $400 million in Series C funding at a $13.3 billion valuation. The Swedish artificial intelligence coding startup was worth $6.6 billion in December. The company sells a vibe coding service. Users describe what they want in plain language and the platform builds it. Hosting is included. Chief Executive Anton Osika and Fabian Hedin started the company in 2023, though the product did not open to the public until November 2024. Lovable says more than 60 million projects have been built on it since. Those apps draw 900 million visits a month. Annualized revenue hit $500 million in June, up from $200 million in November 2025. Lovable expects to end August at $600 million. Enterprise adoption is the piece Lovable is pushing hardest. Employees at nearly two-thirds of the Fortune 500 use the product, up from about half six months ago, and named customers include Nvidia Corp., Adidas AG, Hearst Communications Inc. and Zendesk Inc. Enterprise contracts still account for only about $20 million of annualized revenue, leaving most of the business with individuals and small teams paying by subscription. Lovable says nearly eight in 10 of its users are building a business or side project they intend to monetize, and that more than a third of those are already earning revenue. The new funding is going toward deeper enterprise integrations, governance and permissions controls, and further training of Lovable's in-house models. The company also wants roughly 450 staff by year's end, up about 50%, most of them in machine learning, product, infrastructure and security. It is also filling out offices in London, Boston, San Francisco and New York alongside the Stockholm headquarters. Menlo Ventures co-led the round with the Scaleup Europe Fund, a European Commission-backed vehicle managed by Swedish investment firm EQT AB. Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent Holdings Ltd., World Innovation Lab and Regent invested for the first time. Returning backers included Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures. Menlo co-led the company's $330 million Series B in December. Accel led a $200 million Series A at $1.8 billion in July 2025. "Lovable is, and will continue to be, one of the most generational companies of the AI era," Matt Murphy, a partner at Menlo Ventures, wrote in the company's funding announcement. Including the new funding, Lovable has raised more than $930 million to date.