- Lovable raises $400 million at a $13.3 billion valuation, co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with participation from Tencent, Balderton Capital, and others.
- Annual recurring revenue has nearly tripled from $200 million and is tracking toward $600 million by the end of August.
- Since its launch in November 2024, users have created more than 60 million projects, and Lovable-built apps attract more than 900 million visits a month.
- Lovable launched in November 2024.
- CEO Anton Osika said the funding enables faster progress on product, infrastructure, and team to make Lovable the best place to build and run a business.
- Companies including Nvidia, Deutsche Telekom, and Adidas are building on the platform.
- Lovable plans to grow to roughly 450 team members this year, hiring most heavily in machine learning, product, infrastructure, and security roles.
Lovable, a Swedish vibe-coding startup, has successfully raised $400 million in Series C funding, achieving a valuation of $13.3 billion, which is double its valuation from December. This funding round was co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with participation from Tencent, Balderton Capital, and other investors from Europe, Latin America, and Asia.14
CEO and co-founder Anton Osika stated, "This funding lets us move faster on the product, infrastructure, and team needed to make Lovable the best place to build and run a business." Lovable, which enables users to create software through natural-language prompts, has seen its annual recurring revenue nearly triple from $200 million to a projected $600 million by the end of August.2
Since its launch in November 2024, users have created over 60 million projects, with Lovable-built apps attracting more than 900 million visits monthly. Notable companies like Nvidia, Deutsche Telekom, and Adidas are utilizing the platform. Lovable plans to expand its workforce to approximately 450 team members this year, focusing on hiring in machine learning, product, infrastructure, and security roles.367
“The round was co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with participation from Balderton Capital. Lovable's annual recurring revenue has nearly tripled from $200 million, tracking toward $600 million by end of August, and the company plans to grow to roughly 450 team members this year.”
Yahoo Finance UK
