AI Coding Startup Lovable Raises $400M Series C, Valuation Hits $13.3B
智东西 · wechat · 2026-08-13
Swedish AI coding startup Lovable announced a $400 million Series C funding round, doubling its valuation to $13.3 billion in just seven months. The round was led by Menlo Ventures, with participation from Tencent and others.
Product & Business
Lovable aims to democratize software development through natural language, integrating databases, model APIs, and agent services. The company's Annual Recurring Revenue (ARR) has reached approximately $600 million. Users have created over 60 million projects on the platform, and two-thirds of Fortune 500 employees are reportedly using the tool.
Future Plans
The company plans to enhance the platform's autonomous capabilities, allowing it to deeply integrate with enterprise tech stacks and train its system based on successful use cases. The team also plans to expand to 450 employees, focusing on ML and infrastructure talent.
Related event: Lovable Raises $400M Series C at $13.3B Valuation(17 posts)→
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