Lovable, a European vibe-coding startup, confirmed it has raised $400 million in a Series C round at a $13.3 billion valuation. The funding was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating. The company said the new round follows a $500 million annualized run rate revenue milestone reached in June.
The Series C round marks a significant growth milestone for Lovable, which previously raised $330 million at a $6.6 billion valuation in December. The startup now claims to host 60 million projects that attract 900 million monthly visitors. Lovable has also expanded its backend infrastructure, offering an in-house trained AI model alongside standard frontier model options. In June, it signed a multiyear deal with Google Cloud, which saw usage increase fivefold.
Lovable has also invested in other European startups, such as Danish firm Atech, which develops vibe-coding software for tech hardware. One of the new Series C investors is Regent, the investment firm that also owns TechCrunch.
Source: techcrunch
