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Vibe-Coding Startup Lovable Raises $400M Series C at $13.3B Valuation

Lovable, a European AI-powered vibe-coding startup, has raised $400 million in a Series C round led by Menlo Ventures and Scaleup Europe Fund, valuing the company at $13.3 billion. The funding follows its rapid growth, with $500 million in annualized revenue and 60 million projects hosted. The company plans to invest further in AI infrastructure and has expanded its partnerships, including a multiyear deal with Google Cloud.

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Lovable Raises $400M Series C at $13.3B Valuation: A Snapshot of the AI Coding Boom

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European AI coding startup Lovable has announced a $400 million Series C funding round at a $13.3 billion valuation, doubling its previous valuation. The company claims $500 million in annualized recurring revenue, hosts 60 million projects, and sees 900 million monthly visits. The round was led by Menlo Ventures and Scaleup Europe Fund, with participation from Regent and others.

  • Lovable raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and Scaleup Europe Fund.
  • The company disclosed $500 million in annualized recurring revenue as of June, following a $330 million round in December at a $6.6 billion valuation.
  • The platform claims to host 60 million projects and sees 900 million monthly visits, and has signed a multi-year agreement with Google Cloud, increasing compute usage fivefold.
  • Lovable offers its own proprietary AI models and has invested in Danish hardware design startup Atech.
  • New investor Regent is also the parent company of TechCrunch.
Open section navigationFunding Overview

Funding Overview

Lovable announced on August 13, 2026, that it had completed a $400 million Series C funding round at a valuation of $13.3 billion. The round was led by Menlo Ventures and Scaleup Europe Fund, with participation from over a dozen investors, including Regent, an investment company that also owns TechCrunch.

This marks another significant increase following a $330 million round announced in December at a $6.6 billion valuation, with the valuation doubling in less than a year.

Growth Metrics and Infrastructure Investment

Lovable claims its platform currently hosts 60 million projects and sees 900 million monthly visits. The company also disclosed that annualized recurring revenue reached $500 million in June.

To support growth, Lovable signed a multi-year agreement with Google Cloud in June, increasing compute usage fivefold. The company also offers its own proprietary AI models while retaining standard frontier model options.

Ecosystem Investments and Industry Context

Lovable has also invested in other European AI startups, including Denmark's Atech, which applies vibe-coding technology to hardware design.

This funding round comes amid a rapidly heating AI coding sector, and Lovable's valuation surge reflects high market expectations for AI-driven development tools.

Credibility boundary

This article's information is primarily sourced from The AI Insider's report, which is a secondary source. All specific figures and claims come from the company's official disclosures but have not been independently verified.

Insight takeaway

Lovable's massive funding and rapid growth indicate that AI coding (vibe-coding) is becoming a hot spot for capital, but its high valuation and growth data still need time to be tested.

Sources for this version

  1. Vibe-Coding Startup Lovable Announces $400M Series C at $13.3B ValuationThe AI Insider

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The AI Insider

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