Lovable Raises $400M Series C at $13.3B Valuation
Swedish AI coding startup Lovable has announced a $400M Series C round at a $13.3B post-money valuation, more than double its December Series B. The round was co-led by Menlo Ventures and EQT-affiliated funds, with Tencent participating as the sole Chinese internet giant. Founded just three years ago, the company reported rapid ARR growth and over 900M monthly visits to apps hosted on its platform.
Confirmed
- Round size and valuation: $400M Series C (about €347M) at a $13.3B post-money valuation; posts citing $1.3B/$1.33B valuations or a $40M raise appear to be unit or typo errors.
- Investors: Co-led by Menlo Ventures and EQT Group funds (EQT Ventures), with participation from Tencent and the European ScaleUp Europe Fund; Tencent was noted as the only Chinese internet giant in the round.
- Growth metrics: Since its previous round about eight months ago, ARR grew sharply—revenue up more than 7x and paying users doubled; apps hosted on Lovable receive over 900M monthly visits, and 80% of builders plan to commercialize their projects.
- Background: Founded three years ago with the product live for under two years, Lovable targets non-technical users with natural-language "vibe coding"; its founder is Anton Osika.
Unconfirmed
- Acquisition speculation: Prediction market Polymarket puts an 18% probability on Lovable being acquired before year-end—market betting rather than company-disclosed information.
Why it matters
- Intensifying competition: The funding positions Lovable to compete with larger rivals such as Anthropic in the vibe-coding space.
- Commercial validation: Massive monthly traffic and high commercialization intent suggest AI coding tools are genuine platforms rather than geek toys.
- European tech milestone: Commentators argue Lovable proves Europe can produce globally influential tech companies; the founder has said AI tools now break down barriers he personally faced when wanting to build internet products without coding skills.
2026-08-12 ~ 2026-08-14 · 17 related posts
Primary sources
- Lovable Raises $400M at $1.33B Valuation to Boost AI Coding — emilahlback ·
- AI Coding App Lovable Raises $400M Series C at $13.3 Billion Valuation — EvaMaydell ·
- Lovable Raises $400M Series C at $13.3B Valuation, Triples ARR — felixhhaas ·
- [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
- Swedish Vibe-Coding Startup Lovable Raises $400M, Doubling Valuation to $13.3B — LinkedInNews · 2026-08-12
- Swedish Vibe Coding Startup Lovable Raises $400M at $1.3B Valuation — Polymarket · 2026-08-12
- Vibe Coding Startup Lovable Reportedly Raises $400M at $13.3B Valuation — Polymarket · 2026-08-12
- AI coding tool Lovable raises $400M — TAbrodi · 2026-08-13
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