Lovable, a Swedish startup leveraging natural-language prompts to create software, has secured $400 million in Series C funding, doubling its valuation to $13.3 billion within eight months. The round was co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, drawing participation from Tencent and other prominent investors across Europe, Latin America, and Asia.
- Series C raises $400 million at $13.3B valuation
- Annual recurring revenue poised to reach $600M by August
- Clients include Nvidia, Deutsche Telekom, and Adidas
What happened
Lovable announced a $400 million Series C funding round that has doubled its valuation to $13.3 billion since December 2025. The investment was led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with new investor participation from Tencent, Balderton Capital, and others spanning multiple continents.
Since its inception in November 2024, Lovable has rapidly scaled its platform that allows users to build software applications using natural-language prompts. The company reported that annual recurring revenue has nearly tripled from $200 million to an expected $600 million by the end of August 2026, reflecting strong market demand.
Why it matters
This sizable funding round and increased valuation underscore growing investor confidence in AI-driven no-code platforms that simplify software development. Lovable’s unique approach of vibe-coding has attracted global enterprises such as Nvidia, Deutsche Telekom, and Adidas, signaling robust adoption across industries.
The influx of capital will enable Lovable to enhance its product offerings and infrastructure, as well as expand its team with a focus on machine learning, product development, infrastructure, and security. This reinforces the startup’s ambition to be the leading destination to build and operate digital businesses.
What to watch next
Moving forward, key indicators will include Lovable’s ability to sustain rapid revenue growth and expand its customer base beyond marquee clients. Hiring momentum, especially in critical technical roles, will also be crucial to support the platform’s scalability and innovation roadmap.
Additionally, monitoring Lovable’s product evolution and competitive positioning within India and broader global markets will reveal how the startup leverages the new funding to capture greater market share in the emerging AI-driven software creation space.