Lovable confirms new valuation and secures $400 million in series C funding

Lovable has confirmed its latest financial milestone following months of industry speculation. The company announced on Wednesday that it secured $400 million in a Series C funding round, establishing a valuation of $13.3 billion.

Funding and leadership

The latest financing round was led by Menlo Ventures and the Scaleup Europe Fund, alongside participation from over a dozen additional investors. This follows a previous fundraising effort in December, which brought in $330 million at a $6.6 billion valuation.

The influx of capital aligns with significant financial growth. Lovable reported reaching $500 million in annualized run rate revenue in June.

Infrastructure and scaling

As the platform expands, its operational requirements have increased proportionately. Lovable currently hosts 60 million projects that collectively attract 900 million monthly visitors.

To support this traffic, the startup relies on a combination of frontier models and an in-house trained AI model. Infrastructure partnerships have also scaled accordingly; in June, Lovable finalized a multiyear agreement with Google Cloud that increased its usage capacity fivefold.

Ecosystem investments

Beyond its core platform development, Lovable has begun supporting external ventures within the European technology sector. The startup recently backed Danish firm Atech, which is developing specialized software for designing hardware technology.