Lovable confirms $13.3B valuation after $400M Series C, doubling its worth in six months

Lovable, the European vibe-coding startup, confirmed on Wednesday that it has raised $400 million in a Series C round, valuing the company at $13.3 billion — more than double its previous valuation from December.

Funding round details and investor participation

The round was led by Menlo Ventures and the Scaleup Europe Fund, with participation from more than a dozen other investors. Notably, Regent, the investment firm that also owns Bitcoin World, is among the new backers. This follows Lovable’s earlier $330 million raise at a $6.6 billion valuation, which was also led by Menlo Ventures with CapitalG as co-lead.

Rapid growth metrics and revenue milestones

Lovable says it reached $500 million in annualized run rate revenue in June, a key milestone that likely fueled investor confidence. The platform now hosts 60 million projects and attracts 900 million monthly visitors, according to the company. As the startup scales, its backend infrastructure has become more sophisticated, including the development of its own in-house trained AI model alongside offerings from frontier model providers.

Expanding infrastructure and ecosystem

In June, Lovable signed a multiyear deal with Google Cloud, representing a fivefold increase in usage. The company has also begun investing in other European startups, such as Danish firm Atech, which is developing vibe-coding software for tech hardware design. These moves signal Lovable’s ambition to solidify its position as a central player in the AI development ecosystem.

Why this matters for the AI startup landscape

This funding round underscores the continued investor appetite for AI-powered development tools, even amid broader market fluctuations. Lovable’s rapid valuation growth — from $6.6 billion to $13.3 billion in roughly six months — reflects both its revenue traction and the strategic importance of vibe-coding platforms that lower barriers to software creation. For startups and enterprises, the expansion of such tools could accelerate the pace of application development and reshape how companies approach software projects.

Conclusion

Lovable’s $400 million Series C at a $13.3 billion valuation marks a significant milestone for the European tech scene and the AI software sector. With strong revenue growth, expanding infrastructure, and strategic investments, the company is positioning itself as a leader in the emerging vibe-coding market. As the platform continues to scale, its impact on both developers and the broader AI ecosystem will be closely watched.

FAQs

Q1: What is vibe-coding?
Vibe-coding refers to using AI-powered tools to generate software applications through natural language or high-level instructions, reducing the need for manual coding. Lovable is a platform that enables this approach, allowing users to build apps by describing what they want.

Q2: How does Lovable’s valuation compare to other AI startups?
Lovable’s $13.3 billion valuation places it among the higher-valued AI startups in Europe, though it remains smaller than some U.S.-based giants. Its rapid growth in valuation reflects strong investor confidence in its business model and market potential.

Q3: What does the Google Cloud deal mean for Lovable?
The multiyear deal with Google Cloud, which represents a fivefold increase in usage, suggests that Lovable is relying heavily on cloud infrastructure to support its growing user base and AI model training. This partnership likely enhances Lovable’s scalability and performance.