Lovable Doubles Its Valuation to $13.3 Billion Within Eight Months
Trending Topics Jakob Steinschaden ● Covered by 8 sources
Lovable just raised $400 million at a $13.3 billion valuation. The Swedish coding startup has more than doubled in value since December and is now one of Europe’s priciest startups.
Based on reporting by Trending Topics, Jakob Steinschaden — read the original for the full story.
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Lovable has pulled in $400 million in fresh funding and now sits at a $13.3 billion valuation. That’s more than double the $6.6 billion mark it carried in December, and it puts the Swedish vibe-coding startup among Europe’s most valuable companies.
The Series C was led by Menlo Ventures and the new Scaleup Europe Fund, run by EQT. Money also came from a wide spread of investors: 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 US. Existing backers such as Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures also stayed in the game. Menlo partner Matt Murphy says Lovable is now the firm’s largest single investment after Anthropic.
This is no small momentum story. Lovable launched in November 2024, and the company says more than 60 million projects have already been created on the platform. Lovable-built apps now get more than 900 million visits a month. Within its first year, the product reached employees at half of the Fortune 500; Lovable now says it is at nearly two-thirds. The software is used for internal work in HR, sales, finance, and operations, but also for standalone products and businesses.
The examples are the real tell. Zendesk uses it for internal training tools and a roadmap app that fits its workflow better than pricey off-the-shelf software. Checkr says teams have used self-built systems to process ten times as many QA reports. Lovable also points to WNTD, Viver de IA, and Nursa as proof that the platform is spreading from quick experiments into real operations. WNTD says it saves £25,000 to £30,000 a month. Viver de IA says it runs CRM, finance, website, and sales automation through Lovable. At Nursa, a product manager built a new product over a single weekend, then the company rolled it out to more than 200 employees.
Lovable says its annualized revenue run rate should reach nearly $600 million by the end of this month, almost three times the figure it cited in December. CEO and co-founder Anton Osika says the company was profitable at one point, but is now putting money back into product development and growth. The new cash will go toward a more proactive product, more security and reliability work, and a bigger team that is expected to grow 50 percent to around 450 employees this year.
My take — AI-written commentary, not fact-checked reporting
Europe keeps producing companies that want to be global without apologizing for it, and Lovable is the latest example. The bigger story isn’t the valuation vanity parade; it’s that buyers are already using these tools to replace chunks of the software stack they used to rent forever. Traditional SaaS should be sweating, which is rarely a flattering look.
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