Lovable confirms new $13.3B valuation, raises another $400M

Europe’s prominent "vibe-coding" innovator, Lovable, has officially put an end to industry speculation by confirming a massive new capital injection. The startup announced on Wednesday that it has secured $400 million in a Series C funding round, pushing its total valuation to an impressive $13.3 billion.

Scaling at Breakneck Speed

The latest investment was spearheaded by Menlo Ventures and the Scaleup Europe Fund, with support from over a dozen additional backers. This financial milestone follows a period of explosive growth for the company, which reported an annualized run rate revenue of $500 million as of June.

"As the startup has grown—it now says it hosts 60 million projects that attract 900 million monthly visitors—so has its back-end needs and sophistication," the company noted in its announcement.

Key Growth Metrics & Strategic Moves

The company’s rapid expansion is supported by a robust technical infrastructure and strategic partnerships:

• Infrastructure: Lovable now manages 60 million projects with a massive user base of 900 million monthly visitors.
• AI Integration: The platform provides users with access to frontier AI models alongside its own proprietary, in-house trained models.
• Cloud Partnership: A significant multiyear agreement with Google Cloud was finalized in June, resulting in a fivefold increase in operational usage.
• Ecosystem Investment: Lovable is actively reinvesting in the European tech scene, recently backing Danish startup Atech, which focuses on hardware-designing vibe-coding software.

This Series C round marks a significant leap from the company's previous valuation of $6.6 billion established in December, signaling strong investor confidence in the future of vibe-coding.