Swedish Vibe-Coding Startup Lovable Raises $400M, Doubling Valuation to $13.3B

LinkedInNews · reddit · 2026-08-12

Swedish AI coding startup Lovable has announced a $400 million (€347 million) Series C funding round, pushing its valuation to $13.3 billion—more than double its valuation from its Series B round in December.

The round was led by Menlo Ventures and co-led by the newly launched Scaleup Europe Fund, managed by EQT and backed by Horizon Europe. The funds will be used to further its expansion in the AI-assisted coding market.

Related event: Lovable Raises $400M Series C at $13.3B Valuation(17 posts)→

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