Lovable Raises $400M Series C at $1.33B Valuation, Hits 900M Monthly Visits
AlexandrePesant · x · 2026-08-12
AI app-building platform Lovable announced a $400 million Series C funding round at a $1.33 billion valuation. The round was led by Menlo Ventures and EQT, with participation from Tencent and others.
Key business metrics include:
- Apps built on Lovable now see over 900 million visits every month.
- The company has quadrupled its ARR (Annual Recurring Revenue) over the last 12 months.
- Since its launch in Nov 2024, users have created more than 60 million projects on the platform.
- Nearly one-third of Fortune 500 employees are now using the platform.
The company stated that the new funding will be used to build a more intuitive platform, helping users create businesses from scratch, manage day-to-day operations, and run software securely.
Related event: Lovable raises $400M Series C at $13.3B valuation(13 posts)→
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