Lovable raises $400 million and reaches a $13.3 billion valuation

Lovable closes a $400 million Series C, confirming a valuation of $13.3 billion. The European vibe-coding startup also claims 60 million projects and 900 million monthly visitors, stating that it signed a multi-year contract with Google Cloud in June, which reportedly quintupled its usage. Its previous round, in December, raised $330 million at a valuation of $6.6 billion.

Lovable signs with Google Cloud and claims 60M projects

In June, Lovable signed a multi-year contract with Google Cloud. The company indicates that this milestone was followed by a fivefold increase in its usage. According to them, the scaling up has also evolved their requirements and the sophistication of their back-end. In terms of products, Lovable provides an internally developed AI model and also allows access to some of the most advanced external models. The company states that it now hosts 60 million projects generating 900 million monthly visits. It also mentions having supported other European startups, including the Danish company Atech, which specializes in vibe-coding software for creating technology hardware.

$400M Series C confirmed at $13.3B valuation

Lovable confirms that it raised a new round at a valuation of $13.3 billion. The company announces it has gathered $400 million in Series C, a round led by Menlo Ventures and the Scaleup Europe Fund, with participation from more than a dozen other investors. Among the new participants is Regent, an investment firm that also owns TechCrunch.

December: $330M raised at $6.6B, $500M annualized in June

The previous fundraising round, announced in December, involved $330 million at a valuation of $6.6 billion, with Menlo Ventures as the lead and CapitalG as co-lead. According to Lovable, this new funding follows the achievement of an annualized revenue of $500 million in June. Lovable defines itself as a European startup specializing in vibe-coding.