Lovable Raises $400m At $13.3bn Valuation

Lovable has 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. The funding round includes participation from over a dozen investors, including new and returning investors from Europe, Latin America, Asia, and the United States.

The Series C round brings Lovable's total valuation to $13.3 billion, more than double its previous valuation of $6.6 billion in December. The company has reached a $500 million annualized run rate revenue and hosts 60 million projects that attract 900 million monthly visitors.

Lovable has made significant progress in the past year, including signing a multiyear deal with Google Cloud in June, which represents a fivefold increase in usage. The company has also earned AIUC-1 certification, the first security standard for AI agents.

Nearly 8 in 10 Lovable users are building a business or side project they hope to monetize, and more than one-third of those are already earning revenue. The platform has become a go-to destination for people looking to create and transform businesses.

## What it means The funding round is a significant milestone for Lovable, which is building a global software creation platform. The company's goal is to give people the power to solve problems and create new businesses, and this investment moves Lovable closer to achieving that goal.

The participation of over a dozen investors from around the world is a testament to Lovable's global ambition and potential. The company's growth and valuation are a reflection of its success in creating a platform that is used by millions of people around the world.

## Why it matters Lovable's success has significant implications for the tech industry and beyond. The company's platform has the potential to democratize access to software creation, allowing people from all over the world to build and monetize their ideas. The funding round is a vote of confidence in Lovable's vision and potential, and it will be interesting to see how the company uses this investment to further its goals.

The fact that nearly 8 in 10 Lovable users are building a business or side project they hope to monetize highlights the potential for the platform to drive economic growth and innovation. As Lovable continues to grow and expand its platform, it will be exciting to see the impact it has on the global economy and society as a whole.