Lovable confirms $13.3B valuation with new $400M Series C

Europe’s favorite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising another mega round at a $13.3 billion valuation. The company said Wednesday that it raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating.

The new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch. Its previous round, announced in December, brought in $330 million at a $6.6 billion valuation and was also led by Menlo Ventures, with CapitalG as co-lead.

As the startup has grown — it now says it hosts 60 million projects that attract 900 million monthly visitors — so has its back-end sophistication, the company says. Lovable offers its own in-house trained AI model alongside the usual frontier model options. In June, it signed a multiyear deal with Google Cloud, a fivefold increase in usage. Lovable has also backed other European startups, such as Danish startup Atech, which is building vibe-coding software that designs tech hardware.

Why it matters

The jump from a $6.6 billion valuation in December to $13.3 billion now, on top of hitting $500 million in annualized revenue, shows investor appetite for AI coding tools remains intense even as the category gets crowded.