I fact-checked the key numbers against Business Insider, Lovable’s previous funding announcements and additional reporting. The central figures are consistent: Lovable has raised $400 million at a $13.3 billion valuation, more than doubling its $6.6 billion valuation from December 2025. The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund managed by EQT. Business Insider reports that Lovable has reached about $400 million in annual recurring revenue and more than 60 million projects have been created on its platform. (Business Insider)
For martechai.com, I would lead with the valuation and rapid commercial growth while explaining why "vibe coding" is attracting investor interest.
Lovable doubles valuation to $13.3 billion as investors bet bigger on vibe coding
Swedish AI startup Lovable has raised $400 million in fresh funding at a $13.3 billion valuation, more than doubling its value in eight months as investor interest continues to grow around AI-powered software development.
The Series C funding round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. The round also attracted participation from investors including Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent. (Tech.eu)
The latest financing represents a significant jump from Lovable's previous funding round in December 2025, when it raised $330 million at a $6.6 billion valuation. That round was led by CapitalG and Menlo Ventures' Anthology fund. (Lovable)
Lovable has emerged as one of the prominent companies in the "vibe coding" market, where users can create software by describing what they want through natural-language instructions rather than writing the underlying code manually.
The platform is designed to allow users with different levels of technical expertise to create websites, applications and other software products by communicating directly with AI.
Lovable's commercial growth has accompanied its rising valuation. The company has reached approximately $400 million in annual recurring revenue, according to Business Insider, around three times its level in December. More than 60 million projects have also been created using the platform since its launch. (Business Insider)
The company's growth reflects increasing demand for AI tools that reduce the technical barriers associated with software development. Lovable has previously said its goal is to enable people without conventional coding skills to build and launch production-grade software using AI. (Lovable)
The platform is also expanding beyond individual developers. Lovable has been developing tools aimed at businesses and teams, including capabilities around cloud infrastructure, AI, security, governance and integrations with enterprise software.
Its own research, based on platform usage between January 2025 and May 2026, found paid subscribers across markets including the US, Brazil, Europe and India. The company also reported growing usage outside traditional software hubs. (Lovable)
Lovable operates in an increasingly competitive AI coding market alongside companies such as Replit and other AI-assisted development platforms. The broader category has also attracted technology companies seeking to integrate AI more deeply into software development workflows.
The new financing comes just over a year after Lovable raised $200 million in a Series A round at a $1.8 billion valuation in July 2025. The company had launched its product eight months earlier, highlighting the speed at which its valuation has increased. (Lovable)
Lovable is now looking beyond software creation alone. Chief executive Anton Osika told Business Insider that the company intends to expand its platform to support a broader range of business operations. (Business Insider)
The $13.3 billion valuation places Lovable among Europe's most valuable AI startups and underlines investor interest in tools that use generative AI to change how software is created and deployed.