Lovable Raises $400M Series C at $13.3B Valuation Led by Menlo Ventures

Lovable announced it has raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund (managed by EQT). The round closes roughly five weeks after reports that Lovable was in talks for a $13B valuation, confirming and finalizing that figure.

Details

• Round size and valuation: $400 million raised at a $13.3 billion valuation
• Lead investors: Menlo Ventures (lead) and the Scaleup Europe Fund, managed by EQT (co-lead)
• Other new investors: Balderton Capital and Carmignac (Europe), Kaszek Ventures and LTS Growth (Latin America), Tencent and World Innovation Lab (Asia), and Regent (United States)
• Returning investors: Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures
• Growth metrics cited: Since its November 2024 launch, Lovable says users have created more than 60 million projects, apps built on Lovable receive over 900 million monthly visits, and the platform has reached roughly two-thirds of the Fortune 500; the company also says 8 in 10 builders create monetizable projects, with about a third already earning revenue
• Recent product context: The announcement follows a string of enterprise-focused launches — payments, SEO tooling, Google Workspace and Salesforce integrations, automated security scanning, governance features, AIUC-1 certification, and per-app trust centers — plus an infrastructure partnership with Cerebras announced August 5
• Customer examples cited: The post highlights customers including WNTD, Viver de IA, and Nursa, with one enterprise customer reporting it “fixed an issue in their QA workflow and can now process 10x more reports” and one founder saying Lovable let them “turn that idea into a real product all by myself,” now operating in more than 100 countries
• Team plans: Lovable says it will grow to approximately 450 people, hiring across machine learning, product, infrastructure, and security, while remaining headquartered in Stockholm with offices in London, Boston, San Francisco, and New York

What happened next

• Lovable frames the funding as supporting expansion of the platform beyond app-building into broader business operations tooling
• No specific new product roadmap items were tied to the funding announcement beyond the stated hiring and infrastructure goals
• See Lovable’s official announcement at lovable.dev/blog/series-c for the full post