Lovable, a European vibe-coding startup, told TechCrunch on Wednesday (12) that it raised US$ 400 million in a Series C round, bringing its valuation to US$ 13.3 billion. The investment was led by Menlo Ventures and Scaleup Europe Fund, with participation from more than a dozen investors.
The company said the new raise comes after reaching US$ 500 million in annualized recurring revenue in June. In December, Lovable had already raised US$ 330 million at a US$ 6.6 billion valuation, also led by Menlo Ventures and co-led by CapitalG.
With growth, the startup says it hosts 60 million projects and attracts 900 million monthly visitors. The company also developed its own AI model, in addition to offering frontier model options. In June, it signed a multiyear contract with Google Cloud, with a fivefold increase in platform usage.
Lovable also invests in other European startups, such as Danish Atech, which develops vibe-coding software for hardware design. Among the round's new investors is Regent.
