Lovable Raises $400M Series C at $13.3B Valuation

Lovable, a Stockholm-based startup providing an AI-driven software development platform, has raised $400 million in a Series C funding round. This latest capital injection, which values the company at $13.3 billion, follows a period of rapid growth for the platform, which enables users to build software applications using plain language prompts.

Investors

The Series C funding round was led by Menlo Ventures and co-led by the EQT-managed Scaleup Europe Fund. Additional participating investors included Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, Regent, Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.

Lovable Use of Funds

The company plans to use the new capital to expand its global workforce, with a target of reaching approximately 450 employees this year. Hiring will focus on machine learning, product development, infrastructure, and security roles. Additionally, Lovable aims to strengthen its international presence beyond Stockholm by expanding operations in London, Boston, San Francisco, and New York, while continuing to develop its enterprise-grade business-operating platform.

About Lovable

Launched in November 2024, Lovable was founded by CEO Anton Osika. The company provides a platform that allows non-technical users to build, deploy, and monetize software applications through natural language instructions, a concept often referred to as vibe coding. Since its inception, the platform has supported the creation of over 60 million projects and has seen significant enterprise adoption, with nearly two-thirds of the Fortune 500 using apps built on its technology.

Funding Details

Company Website: https://lovable.dev

Company: Lovable
Raised: $400M
Round: Series C
Funding Date: August 12, 2026
Lead Investor: Menlo Ventures, Scaleup Europe Fund (EQT-managed)
Additional Investors: Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, Regent, Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, Salesforce Ventures
Software Category: AI/Coding Tools
Source: https://en.cryptonomist.ch/2026/08/12/lovable-series-c-funding/