Lovable raises $400M Series C at $13.3B valuation

Lovable has raised $400 million in a Series C round at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund, which is managed by EQT. New investors joining the round include Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States. Returning investors are Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures.

Lovable frames itself as a software creation platform meant to give people close to a problem the power to solve it themselves without needing capital, technical skill or a large engineering team. Since its launch in November 2024, the company says people have created more than 60 million projects on it, and apps built with Lovable now see over 900 million visits every month. Fortune 500 reach has grown quickly: within its first year, Lovable had reached employees at half of the Fortune 500, and less than a year later that figure is nearly two-thirds. Companies including Adidas, NVIDIA and Deutsche Telekom are using Lovable internally to build workflow tools, replace aging software and turn internal projects into new products.

Since its Series B round in December 2025, Lovable has added payment functionality for monetizing apps, SEO and AI-search tools for discoverability, and deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs. It has also added automatic and scheduled security scanning, earned what it calls the first security standard for AI agents, the AIUC-1 certification, and introduced governance features such as publishing controls, abandoned-app clean-up, workspace insights and a dedicated trust center for businesses built on the platform. According to user survey data cited by the company, nearly 8 in 10 users are building a business or side project they hope to monetize, and more than a third of those are already earning revenue.

The post highlights several customer stories. In the UK, serial founder Lex Deak built the fashion discovery app WNTD with Lovable, reporting savings of £25 thousand to £30 thousand a month, onboarding hundreds of thousands of customers and closing a £3 million funding round. In Brazil, Rafael Milagre used Lovable to build the CRM, finance tools, website and AI sales-development workflows behind his AI education company, Viver de IA, which employs 54 people, serves more than 1,200 clients and is on track for 100 million Brazilian reais in revenue this year. In the US, Nursa's VP of Product, Nenad Ivanovic, built a new enterprise product for nursing schools, Nursa Study, in a single weekend; Nursa has since rolled Lovable out across its 200-plus employees, rebuilt its core platform 12 times faster, and is in the process of retiring 10 SaaS systems. Executives at Zendesk, Handshake and Checkr are quoted describing internal tools they built with Lovable, including a Checkr operations fix that let the team process 10 times more reports. AVARA founder Nico Wittenberg said an idea he first had 14 years ago, and thought impossible without millions in funding and a large engineering team, is now a product used in more than 100 countries after he built it himself with Lovable.

Looking ahead, Lovable lists three priorities: making the product more proactive and integrated with a company's existing tools; using data on which built products go on to succeed to keep improving the system, including combining multiple AI models for different parts of the work and continuing to post-train open-source models; and hiring toward roughly 450 team members this year, concentrated in machine learning, product, infrastructure and security, while keeping its base in Stockholm and expanding in London, Boston, San Francisco and New York. Menlo Ventures partner Matt Murphy and EQT partner Victor Englesson, who co-leads the Scaleup Europe Fund, both framed the investment as backing a generational company with European roots and global reach; Englesson referred to Lovable's founders by first name only, as Anton and Fabian.

Key facts

Lovable raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund managed by EQT, with new investors including Balderton Capital, Carmignac, Kaszek Ventures, Tencent and Regent.
Since its November 2024 launch, users have created more than 60 million projects on Lovable, and apps built on the platform now see over 900 million visits a month.
Lovable's reach inside the Fortune 500 grew from employees at half of those companies within its first year to nearly two-thirds less than a year later; Adidas, NVIDIA and Deutsche Telekom are named as internal users.
New features since the December 2025 Series B include payments, SEO and AI-search tools, deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs, and the AIUC-1 security certification, which Lovable calls the first security standard for AI agents.
Lovable plans to grow to roughly 450 team members this year, hiring mainly in machine learning, product, infrastructure and security, while keeping its base in Stockholm and expanding in London, Boston, San Francisco and New York.

Why it matters

The $400 million round pushes Lovable's valuation to $13.3 billion, placing it among the best-funded companies in the AI software-creation category. The company frames the money as validation of usage growth: more than 60 million projects created since its November 2024 launch, over 900 million monthly visits to apps built on it, and Fortune 500 penetration that grew from employees at half of those companies within Lovable's first year to nearly two-thirds now, less than a year later. That growth trajectory, more than the round size alone, is the core claim behind the raise.

Who it affects

Individual builders remain Lovable's primary audience; the company reports that nearly 8 in 10 surveyed users are building a business or side project they hope to monetize, and more than a third of those are already earning revenue. Larger organizations are also adopting it internally, with Adidas, NVIDIA and Deutsche Telekom named as users, and executives at Zendesk, Handshake and Checkr describing internal tools built with it. The investor group is led by Menlo Ventures and EQT's Scaleup Europe Fund, joined by Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent, plus returning backers Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures. Lovable itself plans to hire toward roughly 450 team members this year, mostly in machine learning, product, infrastructure and security.

How to use it

Since its December 2025 Series B, Lovable has added payment functionality for monetizing built apps, SEO and AI-search tools for discoverability, and deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs. It has also added automatic and scheduled security scanning, earned AIUC-1 certification, which it describes as the first security standard for AI agents, and introduced governance features including publishing controls, abandoned-app clean-up, workspace insights, and a trust center for businesses built on the platform. The announcement does not give pricing or plan details.

How solid is it

The account comes from Lovable's own blog post announcing the round, so the growth figures, project counts, monthly visits, Fortune 500 reach, and the revenue and cost-saving numbers in the customer stories are self-reported and not independently verified. The lead and co-lead investors, Menlo Ventures and EQT's Scaleup Europe Fund, are established venture firms, and the customer quotes are attributed to named executives at identifiable companies such as Zendesk, Handshake, Checkr and AVARA, which adds some corroboration beyond the company's own figures.

Risks and caveats

Several numbers in the post describe targets or work still in progress rather than completed results: Viver de IA is only 'on track for' 100 million reais in revenue this year, Nursa is still 'in the process of' retiring 10 SaaS systems, and the 450 team members figure is a hiring plan for the year rather than Lovable's current headcount. The post does not break down how much each investor contributed to the $400 million, does not state an amount for the earlier Series B, and does not give Lovable's current total employee count. The monetization and revenue figures for users come from self-reported survey data rather than external verification.

“I first had the idea for AVARA 14 years ago, but building it seemed impossible without millions in funding and a large engineering team. With Lovable, I was able to turn that idea into a real product all by myself. AVARA is now being used in more than 100 countries, and we're building the travel experience I always believed should exist.”

— Nico Wittenberg, founder, AVARA