Lovable confirms new $13.3B valuation, raises another $400M
TechCrunch Julie Bort ● Covered by 8 sources
Lovable just raised $400M at a $13.3B valuation. The vibe-coding startup says demand and backend complexity keep climbing fast.
Based on reporting by TechCrunch, Julie Bort — read the original for the full story.
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Lovable has closed another giant funding round, confirming it has raised $400 million in Series C money at a $13.3 billion valuation. Menlo Ventures and the Scaleup Europe Fund led the round, and more than a dozen other investors joined in.
The new cash comes after a sharp rise in business. Lovable said it reached $500 million in annualized run rate revenue in June. That is the kind of number that makes investors forget to blink, and it helps explain why the company could come back to market so quickly after its previous round.
That earlier round was announced in December: $330 million at a $6.6 billion valuation, again led by Menlo Ventures, with CapitalG as co-lead. In other words, the price tag has roughly doubled in less than a year. For a startup built around vibe-coding, that is a very loud vote of confidence.
The company says scale is showing up in its product, too. Lovable now claims 60 million projects and 900 million monthly visitors, and it says the backend is getting more sophisticated as a result. It offers its own in-house trained AI model alongside the usual frontier model options. In June, it also signed a multiyear deal with Google Cloud, which it said marked a fivefold increase in usage.
Lovable has also started acting like a platform with spare cash, not just a startup hoarding its own oxygen. It has backed other European companies, including Danish startup Atech, which is building vibe-coding software for tech hardware design. One small footnote: one of the new Series C investors is Regent, the investment firm that also owns TechCrunch.
My take — AI-written commentary, not fact-checked reporting
This is what happens when the market decides a good demo is a business model. Lovable is riding the same European AI wave that keeps rewarding speed, shiny products and a lot of investor faith, while everyone pretends backend complexity is some thrilling new virtue. The real test is whether these giant rounds build durable products or just very expensive momentum.
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