Lovable Raises USD 400M Series C, Doubles Valuation to USD 13.3B

Swedish AI software-building platform Lovable has raised USD 400 million in a Series C round, doubling its valuation to USD 13.3 billion from the USD 6.6 billion it commanded just eight months earlier in December. Menlo Ventures led the round, co-led by the Scaleup Europe Fund managed by EQT. New participants span three continents: Balderton Capital and Carmignac from Europe, LTS Growth and Kaszek Ventures from Latin America, World Innovation Lab and Tencent from Asia, and Regent from the US, alongside existing backers Accel, Antler, DST Global, CapitalG, HubSpot Ventures, and Salesforce Ventures.

What Lovable Builds

Lovable's platform lets users build software applications through natural-language "vibe coding" rather than traditional programming, a category that has attracted intense investor interest as AI-assisted development matures from novelty to production tool. The company crossed USD 500 million in annualized run-rate revenue in June, and this round is intended to fund its expansion from a software-building tool into a broader platform for building and running entire businesses, with new investment in product, infrastructure, security, and talent.

Why This Round Matters

Doubling a multi-billion-dollar valuation in eight months is an unusually fast re-rating even by current AI-market standards, and the geographic spread of new investors, spanning Europe, Latin America, and Asia in a single round, signals that Lovable's growth story is resonating with capital pools well beyond its Nordic and US base. For founders in the AI coding and no-code categories, Lovable's trajectory is now one of the fastest-scaling reference points in the sector. The company's stated ambition, moving from a tool that builds software to a platform for running an entire business, also mirrors a broader pattern this August: several of the month's largest AI rounds, from coding assistants to agent infrastructure plays, are explicitly framing themselves as operating systems for a business rather than single-purpose tools, a positioning shift that tends to justify materially higher valuation multiples than a narrower product category would command.

What This Means for Founders

Lovable's path from a single-product coding tool to a platform ambition, backed by a genuinely global investor syndicate, illustrates how quickly category leadership can compound once a product finds real usage traction. Founders building in adjacent AI-native software categories can browse the investor directory on AngelLinx for funds active in AI infrastructure and developer tools, use the investor match tool to find growth-stage investors with a global reach, and check the live listing for comparable raises. Understanding ARR growth benchmarks is essential context when approaching investors at this stage. Founders ready to build their investor list can register on AngelLinx to get started.

AngelLinx Intelligence | angellinx.ai