Lovable has pulled off one of the biggest funding rounds in European tech this year, and the numbers alone tell a story of just how fast the “vibe coding” wave has grown. The Stockholm-based startup announced it raised $400 million in Series C funding at a $13.3 billion valuation, more than doubling the price tag investors put on the company just seven months earlier. For a platform that lets anyone describe what they want in plain language and watch software appear, that kind of leap says a lot about how much appetite remains for AI-driven coding tools.
Summary
Key takeaways
- Lovable’s Series C funding round brought in $400 million at a $13.3 billion valuation, led by Menlo Ventures and co-led by the EQT-managed Scaleup Europe Fund.
- New backers include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent, alongside returning investors such as Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.
- Since launching in November 2024, more than 60 million projects have been built on Lovable, and its apps now draw over 900 million visits every month.
- Lovable earned AIUC-1 certification, described as the first security standard built for AI agents.
- The company plans to grow its team to roughly 450 employees this year, hiring heavily in machine learning, product, infrastructure, and security.
Lovable’s $400 Million Series C Funding and Valuation
Lovable’s new $13.3 billion valuation puts it near the top of Europe’s private AI companies, just behind French model-maker Mistral, which sits around $14 billion, according to Business Insider. That places Lovable comfortably ahead of rival coding platform Replit, which was valued at $9 billion back in March. Still, the gap with the biggest American AI labs remains enormous — Anthropic has been valued at roughly $1.2 trillion on secondary markets, and OpenAI at close to $933 billion, figures that reflect private-share trading rather than a formal funding round, Business Insider reported.
Menlo Ventures and Scaleup Europe Fund Lead the Round
The Series C funding was led by Menlo Ventures and co-led by the Scaleup Europe Fund, which is managed by EQT. Matt Murphy, a partner at Menlo Ventures, said Lovable “was built for the billions of people with the creativity and knowledge to make something, but who had always been blocked by technical ability,” adding that the firm believes Lovable “is, and will continue to be, one of the most generational companies of the AI era.”
Victor Englesson, a partner at EQT and co-head of the Scaleup Europe Fund, framed the investment as proof of Europe’s founder talent. He said the Lovable team has built “one of the most ambitious and fastest-growing AI companies we’ve seen,” and that backing the round through the Scaleup Europe Fund reflects exactly why the fund exists: to help Europe’s most ambitious technology companies scale into global leaders.
New and Returning Investors Join the Round
The round widened Lovable’s investor base considerably. New backers span three continents: Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States. That spread of global startup investors underlines how far Lovable’s ambitions now reach beyond its Swedish home base.
Returning investors also came back for another round, including Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures — a group that has now backed the company through multiple funding stages since it started scaling.
Rapid Growth and Enterprise Adoption
Lovable’s growth curve is a big part of why investors kept writing bigger checks. Founder and CEO Anton Osika said on LinkedIn that business leaders are using the software to “spin up new product lines,” while employees inside companies use it to “build tools that fit their exact needs” — a shift from pure prototyping toward running actual operations.
Platform Usage Since Launch
Since Lovable launched in November 2024, users have created more than 60 million projects on the platform, and Lovable-built apps now receive over 900 million visits every month, according to the company. Within its first year, Lovable-made apps had already reached employees at half of the Fortune 500. Less than a year later, that figure climbed to nearly two-thirds of the Fortune 500 — a pace of enterprise penetration that few coding tools have matched this quickly.
That growth lines up with Lovable’s revenue trajectory. Business Insider reported that the company disclosed hitting $400 million in annual recurring revenue in March, up from $300 million a month earlier and $200 million at the close of 2025, with Osika saying ARR has nearly tripled since the company’s December Series B round.
Inside larger organizations, teams at Adidas, NVIDIA, and Deutsche Telekom are reportedly using Lovable to build software around internal workflows, replace aging tools, and turn side projects into new revenue streams — evidence that the software creation platform is moving well past startup use cases into corporate IT territory.
Product Features and AI Security Certification
Alongside the funding news, Lovable rolled out a batch of features aimed at turning what users build into something they can actually run as a business. That includes payment functionality for monetizing projects, SEO and AI-search tools meant to improve discoverability, and deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs.
AIUC-1 Certification and Governance Tools
Security has become a bigger part of the pitch too. Lovable earned AIUC-1 certification, which the company describes as the first security standard built specifically for AI agents. That sits alongside automatic and scheduled security scanning, plus governance and visibility features such as publishing controls, clean-up tools for abandoned apps, and workspace insights for teams managing multiple projects. Lovable also introduced a dedicated security page so publicly published apps can carry their own trust center — a detail that matters as more enterprises trust the platform with internal workflows rather than just quick prototypes.
Why this matters: as AI coding tools move from personal side projects into corporate systems handling payments and internal data, security certifications like AIUC-1 become a competitive differentiator, not just a compliance checkbox. Companies weighing whether to let non-technical staff build internal tools need assurance that those tools won’t become a liability.
Team Expansion and What’s Next
Lovable says it plans to grow its team to roughly 450 employees this year, with hiring concentrated in machine learning, product, infrastructure, and security roles. The company intends to keep its center of gravity in Stockholm while expanding its presence in London, Boston, San Francisco, and New York.
Osika has framed the next phase around turning Lovable into a platform for running a business, not just building one. “The world is full of ambitious people with deep knowledge of problems worth solving,” he wrote. “Very few of them have historically had the power to act on them. Our ambition is to give people that power, and then help them achieve more than they thought possible.”
The broader context matters here: Lovable’s raise lands amid a wave of investor enthusiasm for AI coding tools. SpaceX agreed in June to buy Cursor for $60 billion, and app-building platform Emergent raised $130 million at a $1.5 billion valuation in July, according to Business Insider. Lovable’s jump to a $13.3 billion valuation confirms that this category — often called vibe coding — is attracting serious capital well beyond a single breakout company.
That competitive backdrop raises a natural question for the months ahead: whether Lovable’s bet on becoming a full business-operating platform, rather than just a code generator, gives it staying power as rivals chase the same enterprise customers.
FAQ
Who led Lovable’s $400 million Series C funding round?
The funding was led by Menlo Ventures and co-led by the Scaleup Europe Fund managed by EQT.
What growth metrics has Lovable achieved since launching?
Since its launch in November 2024, Lovable’s platform has had over 60 million projects created and apps have received over 900 million visits monthly.
What are some key product features of Lovable’s platform?
Lovable’s product includes payment functions, SEO and AI search tools, integrations with major platforms, security scanning, and governance features.
Which enterprises are known to use Lovable’s platform for internal workflows?
Enterprises such as Adidas, NVIDIA, and Deutsche Telekom use Lovable for internal workflows and creating new products.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
