Lovable confirms new $13.3B valuation, raises another $400M | TechCrunch

The European software development enterprise Lovable has officially finalized its latest major capital injection, securing $400 million in a Series C funding round that solidifies the company's valuation at an impressive $13.3 billion.

This massive investment effort was co-led by Menlo Ventures and the Scaleup Europe Fund, with additional participation from more than a dozen other prominent investment groups. The substantial funding round comes closely on the heels of the startup achieving a major financial milestone earlier this year, when it reached an annualized run rate revenue of $500 million. This represents a rapid escalation in value compared to its previous funding cycle in December, which valued the organization at half its current worth.\n\nAs the enterprise continues to experience exponential growth, its underlying infrastructure and technical demands have scaled alongside its popularity. Lovable now supports approximately 60 million active digital projects on its platform, attracting hundreds of millions of unique monthly visitors to its ecosystem. To accommodate this surge in traffic and processing needs, the firm has diversified its technical offerings by implementing its own custom-built artificial intelligence models alongside existing frontier systems, while also locking in a long-term infrastructure partnership with Google Cloud. Additionally, the company has begun reinvesting in the wider European technology ecosystem by backing other early-stage startups focused on automated hardware design.