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AI

Lovable raises US$400 million at a US$13.3 billion valuation

2026-08-12

Lovable raises US$400 million at a US$13.3 billion valuation
Photo: Alexander Migl (CC BY-SA 4.0)

The natural-language software-building company announced a Series C co-led by Menlo Ventures and EQT’s Scaleup Europe Fund. Lovable said annual recurring revenue is tracking towards US$600 million by the end of August and that users have created more than 60 million projects.

Why it matters: Capital is moving from code generation towards platforms that promise to build and run complete applications. Impact: CIOs should demand software-supply-chain controls, ownership clarity, exportability, testing and operational support. Funding and valuation are independently reported; ARR and usage are company claims.

a report

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