Vibe-Coding Startup Lovable Raises $400M Series C, Reaches $13.3B Valuation
Summary
Vibe-coding startup Lovable secures a massive $400 million Series C round led by Menlo Ventures, catapulting its valuation to $13.3 billion as the European AI platform boasts $500 million in annualized revenue, 60 million projects, and 900 million monthly visitors.
Key Points
- Lovable confirms a $400 million Series C funding round led by Menlo Ventures and the Scaleup Europe Fund, valuing the vibe-coding startup at $13.3 billion.
- The European startup is riding strong momentum, having hit $500 million in annualized run rate revenue in June and now hosting 60 million projects with 900 million monthly visitors.
- Lovable is expanding its infrastructure with its own in-house AI model, a multiyear Google Cloud deal reflecting a fivefold usage increase, and investments in other European startups like Danish hardware vibe-coding firm Atech.