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(17 posts)→
More from Venture
- Pay-to-rank directory outbid.lol charges $20 a day for the #1 spot, top listings paid $14k-17k — jonathan_wilke · 2026-10-16
- SignWith, a pay-per-doc e-signature tool, hits 1,000+ non-tech businesses — tibo_maker · 2026-10-16
- After 6,000 tweets and a $10M exit, tibo shares data on what works on X — tibo_maker · 2026-10-16
- Decision Models spins out its sandboxing system as a cheap standalone product — airesearch12 · 2026-10-16
- The dumbest AI agents making real money: a $10M ARR support bot and more — radhyaa_15 · 2026-10-16
- X's Nikita Bier: publicly publishing flattery lists is a surprisingly effective growth hack — nikitabier · 2026-10-16