Lovable, an AI software development startup, has closed a $400 million Series C round led by Menlo Ventures, with EQT's Scaleup Europe Fund co-leading. The new financing values the company at $13.3 billion, double its December valuation of $6.6 billion. CEO Anton Osika said annual recurring revenue has nearly tripled since last December, reaching $400 million as disclosed in March, up from $300 million a month earlier and $200 million at end-2025. Lovable lets users build software through natural language prompts and says more than 60 million projects have been created since its November 2024 launch. Business Insider reported the news.
Lovable, an AI software development startup, has raised $400 million in a Series C round led by Menlo Ventures, with EQT's Scaleup Europe Fund co-leading. The new financing values the company at $13.3 billion, double the $6.6 billion valuation from its last round in December.
CEO Anton Osika said the company's annual recurring revenue has nearly tripled since December. Lovable disclosed in March that ARR reached $400 million, up from $300 million a month earlier and $200 million at the end of 2025.
Lovable lets users build software using natural language prompts. The company said more than 60 million projects have been created on the platform since it launched in November 2024.
The funding was reported by Business Insider.
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