Lovable Raises $400 Million in Series C, Doubling Valuation

Lovable, a popular European vibe-coding startup, has successfully raised $400 million in a Series C funding round led by Menlo Ventures and the Scaleup Europe Fund, along with more than a dozen other investors.
The new funding elevates Lovable's valuation to $13.3 billion, doubling from its previous round in December, where it attained a $6.6 billion valuation through a $330 million investment.
Lovable has achieved a remarkable milestone, reaching $500 million in annualized run rate revenue, and managing 60 million projects that attract 900 million monthly visitors.
To support its growth, Lovable leverages its in-house AI models and entered into a multiyear deal with Google Cloud to increase its usage fivefold.
The company also invests in other startups, such as the Danish company Atech, signaling a broadening influence in the tech industry.
Among its latest investors is Regent, the firm owning TechCrunch, underscoring a tight-knit ecosystem within the tech investment sphere.