Lovable raised $400 million in its Series C funding round at a $13.3 billion valuation, announced on August 12, 2026 [1, 2]. The round was led by Menlo Ventures and the Scaleup Europe Fund managed by EQT [3, 1, 2]. Investors also include Balderton Capital, Carmignac, Kaszek Ventures, Tencent, Salesforce Ventures, and several others [3].
The Stockholm-based company’s valuation has doubled since its $6.6 billion Series B round in December 2025 [1, 2]. Lovable’s annual recurring revenue hit $400 million by March 2026, nearly tripling since the end of 2025, according to cofounder and CEO Anton Osika. By June 2026, the company reached a $500 million annualized run rate revenue [1, 2].
Launched in November 2024, Lovable has hosted more than 60 million projects attracting 900 million monthly visits across its platform [3, 1, 2]. Its tools are reportedly used by nearly two-thirds of Fortune 500 employees [3].
Lovable employs an in-house trained AI model alongside frontier AI technologies [1]. It expanded its infrastructure with a multiyear deal signed with Google Cloud in June 2026, resulting in a fivefold increase in usage [1]. Lovable also supports other European startups, including Danish firm Atech [1].
Lovable’s next milestone will be scaling operations after the recent funding round, as the company leverages its capital to broaden market reach and enhance its AI offerings.
