Lovable raises $400M at a $13.3B valuation

The AI coding startup says it has hit a $500 million annualized revenue run rate as project volume, traffic, and infrastructure needs keep rising.

Lovable has confirmed another major funding round, raising $400 million at a $13.3 billion valuation. The deal follows months of reports about new fundraising and puts fresh focus on one of Europe’s best-known vibe-coding startups. It also underscores how quickly the company has scaled in a crowded AI software market. For investors, customers, and rivals, that pace is hard to ignore.

A larger round after rapid revenue growth

Lovable said on Wednesday that the Series C was led by Menlo Ventures and the Scaleup Europe Fund. More than a dozen other investors also participated.

The new round comes after a previous raise in December, when Lovable brought in $330 million at a $6.6 billion valuation. That earlier round was also led by Menlo Ventures, with CapitalG as co-lead.

The jump from $6.6 billion to $13.3 billion points to much faster growth. Lovable told TechCrunch that it reached $500 million in annualized run rate revenue in June, which helps explain why it was able to secure a far higher valuation this time. As IT-PUB News notes, the company also says it now hosts 60 million projects that attract 900 million monthly visitors.

Why Lovable is drawing so much attention

Lovable is part of the wave of “vibe-coding” tools that aim to make software creation easier by letting users build projects with AI assistance instead of writing every line of code by hand.

The company says its platform has moved well beyond an early-stage experiment. It now hosts tens of millions of projects and handles heavy monthly traffic. As that usage has grown, Lovable says its backend needs have become more complex too.

That helps explain the size of the checks now coming in. In the AI software market, scale is not just about user numbers. It also brings pressure around infrastructure, reliability, and how quickly a startup can keep up as demand rises.

More infrastructure and more model options

Lovable says it offers its own in-house trained AI model alongside the usual frontier model options. In June, it also signed a multiyear deal with Google Cloud, which the company described as a fivefold increase in usage.

That suggests Lovable is doing more than selling an interface for building software. It is also building the systems needed underneath to support that growth. For users, that can mean a more capable product and a platform better prepared for heavier traffic. For the company, it means higher costs and a greater need for outside funding to keep pace.

The new capital should help Lovable keep expanding its infrastructure and product stack. It also reflects a broader reality in the AI startup market: even companies with strong revenue may still need repeated large funding rounds to support the computing power and scale their products require.

A European startup with wider ambitions

Lovable describes itself as Europe’s favorite vibe-coding startup, and the latest round strengthens that position. The company is also backing other European startups, including Danish startup Atech, which is building vibe-coding software for designing tech hardware.

That suggests Lovable is not just trying to grow its own platform, but also to position itself within a broader European startup ecosystem. For the region, its rise stands out because it shows that AI software companies outside the US can still attract very large rounds and global investor attention.

There is also a practical side to that growth. If Lovable keeps expanding, its tools could become more familiar to startups, small businesses, and individual creators looking for a faster way to build software projects. At the same time, the company’s rapid rise means users and investors will be watching how it handles scale, product quality, and the demands of running a large AI-driven platform.

One detail adds another layer to the funding story: one of Lovable’s new Series C investors is Regent, the investment firm that also owns TechCrunch. The source does not suggest that this changed the terms of the deal, but it is still a detail likely to draw notice in coverage of the round.