Lovable raises $400M Series C at $1.33B valuation

AI coding startup Lovable has closed a $400 million Series C round, bringing its post-money valuation to $13.3 billion. The round was co-led by Menlo Ventures and an EQT fund, with participation from Tencent and EU-related funds. For founder Anton Osika and the team, this milestone underscores the capital market's sustained confidence in the AI application layer.

Confirmed

• Fundraising & Valuation: Lovable secured $400 million in its Series C, reaching a post-money valuation of $13.3 billion (some posts abbreviate this to $13 billion or $1.33 billion due to exchange rates or rounding).
• Investors: The round was led by Menlo Ventures and EQT Group, with follow-on investments from Tencent and relevant EU funds.
• Business Metrics: Since its previous funding round 8 months ago, the company's ARR (Annual Recurring Revenue) has surged. Apps hosted by Lovable now receive over 900 million visits per month, and 80% of builders intend to commercialize their projects.

Why It Matters

• Intensifying Competition: Lovable's rapid rise in the "Vibe Coding" track will fuel its competition against major rivals like Anthropic in the AI application layer.
• Validated Commercial Potential: Massive monthly traffic and a high intent for commercialization prove that AI coding tools have evolved beyond mere geek toys into platforms with tangible business value.

2026-08-12 ~ 2026-08-12 · 8 related posts

• [source] Lovable Raises $400M Series C at $13.3B Valuation, Triples ARR — felixhhaas · 2026-08-12
• Tencent and EU Fund Invest in AI Coding Startup Lovable at $13B Valuation — pstAsiatech · 2026-08-12
• [source] Lovable Raises $400M at $1.33B Valuation to Boost AI Coding — emilahlback · 2026-08-12
• Swedish Vibe Coding Startup Lovable Raises $400M at $1.3B Valuation — Polymarket · 2026-08-12

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