Lovable confirms new $13.3B valuation, raises another $400M
Europe’s favorite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising another mega round at a $13.3 billion valuation. Lovable said on Wednesday that it has raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more…
Europe’s favorite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising another mega round at a $13.3 billion valuation. Lovable said on Wednesday that it has raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating. This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch. Its previous round, announced in December, brought in $330 million at a $6.6 billion valuation and was also led by Menlo Ventures, with CapitalG as co-lead. As the startup has grown — it now says it hosts 60 million projects that attract 900 million monthly visitors — so has its back-end needs and sophistication, the company says. Lovable, for instance, offers its own in-house trained AI model, as well as the usual frontier model options. In June, it signed a multiyear deal with Google Cloud, a fivefold increase in usage. Lovable has also backed other European startups, such as Danish startup Atech, which is building vibe-coding software that designs tech hardware. Note: One of Lovable’s new Series C investors is Regent, the investment firm that also owns TechCrunch. Topics AI, Fundraising, Lovable, Startups When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence. Julie Bort Venture Editor Julie Bort is the Startups/Venture Desk editor for TechCrunch. You can contact or verify outreach from Julie by emailing julie.bort@techcrunch.com or via @Julie188 on X. View Bio October 13 – 15 San Francisco Scale faster. Grow your portfolio. Gain practical expertise. No matter your goal, Disrupt can empower you.Save up to $300 today! REGISTER NOW Most Popular Phoebe Gates and Sophia Kianni reportedly knew Phia was ‘cookie stuffing’ for months Dominic-Madori Davis Delta investigating after someone set up fake Wi-Fi network mid-flight Lorenzo Franceschi-Bicchierai Anthropic says it will watermark text generated by its AI models Ivan Mehta Mark Zuckerberg’s AI manifesto is exactly why people don’t like AI Russell Brandom YouTube now requires creators to have twice as many watch hours to start earning money Aisha Malik This ‘adversarial’ pattern can prevent surveillance cameras from detecting you Zack Whittaker Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas Sean O'KaneSource: TechCrunch — Published — Category: Business