Lovable Confirms $13.3B Valuation With a $400M Series C
Lovable raised $400 million led by Menlo Ventures and the Scaleup Europe Fund, doubling the vibe-coding startup's valuation to $13.3 billion.
TechCrunch · Aug 12, 2026
Lovable has confirmed it raised a $400 million Series C led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors joining. The round values the Swedish company at $13.3 billion — double its $6.6 billion valuation from December.
The raise follows Lovable crossing $500 million in annualized run-rate revenue in June. Founded in 2023 by Anton Osika and Fabian Hedin, the product only opened to the public in November 2024.
Why it matters for builders
More funding usually means faster shipping: bigger model budgets, more generous free tiers during promos, and quicker fixes to the rough edges. It also signals that "describe it in plain language, get a working app" is now a real category, not a demo.
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