Lovable raises $400M Series C at $13.3B - doubling in 8 months. Menlo Ventures and the EQT-backed Scaleup Europe Fund co-led a $400M round that pushed Lovable to $13.3B - its third valuation step-up in just over a year, with Tencent, Salesforce Ventures, and HubSpot Ventures joining the cap table. Co-Founder & GP at Six Point Ventures · 3x founder (BrandYourself, Launch.it, SPOT) · 65+ investments · Based in Boca Raton, FL 65+Investments 3xFounder $200M+Funds Tracked Quick Answer Lovable, the Stockholm-based 'vibe coding' startup, closed a $400 million Series C on August 12, 2026 at a $13.3 billion valuation - double its $6.6 billion Series B from just eight months earlier. The round was co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, with Tencent joining a syndicate that also includes Salesforce Ventures, HubSpot Ventures, DST Global, and CapitalG, as Lovable's annualized revenue races toward $600 million. Lovable just raised $400 million at a $13.3 billion valuation - double what it was worth in December, and roughly 20x what it was worth thirteen months ago. This is what an ARR curve going vertical looks like when investors believe it. On August 12, 2026, the Stockholm-based "vibe coding" startup confirmed a $400 million Series C co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund, pushing its valuation to $13.3 billion. It's Lovable's third valuation step-up in just over a year - from $1.8 billion at Series A in July 2025, to $6.6 billion at Series B in December 2025, to $13.3 billion now. Few companies in venture history have compounded valuation this fast on revenue this real; here's what actually happened and why it matters for the rest of the vibe coding category. New Valuation Series C Raised ARR (tracking, Aug 2026) Time Since Series A The round: who's in, and who's notably in. Menlo Ventures and the EQT-managed Scaleup Europe Fund co-led the $400 million round. The rest of the syndicate reads like a checklist of who wants exposure to AI-native software: Balderton Capital, Carmignac, Kaszek Ventures, Accel, Antler, CapitalG, DST Global, Evantic Capital, World Innovation Lab, HubSpot Ventures, and Salesforce Ventures all participated. Accel and CapitalG were already on the cap table from earlier rounds; HubSpot Ventures and Salesforce Ventures joining signals both companies see Lovable as either a channel partner or a category they want a front-row seat on, not just a financial bet. The more interesting name is Tencent. A Chinese strategic investor taking a position in a European AI-coding company is notable given how much scrutiny Chinese capital has drawn in US and EU AI deals over the past two years. It's a reminder that "vibe coding" platforms - unlike frontier model labs - sit further from the export-control and national-security tripwires that have kept Chinese money out of companies like OpenAI or Anthropic. Lovable's valuation, three step-ups in thirteen months. | Date | Round | Valuation | | Oct 2024 | Seed | Undisclosed | | Feb 2025 | Pre-Series A ($15M) | Undisclosed | | Jul 2025 | Series A ($200M) | $1.8B | | Dec 2025 | Series B ($330M) | $6.6B | | Aug 2026 | Series C ($400M) | $13.3B | Figures from TechCrunch, Bloomberg, and Lovable's own funding announcements, 2024-2026. The revenue behind the number. Unlike a lot of AI valuations in 2026, Lovable's isn't purely a bet on a future that hasn't shown up yet. ARR sat near $200 million in late 2025 and is tracking toward $600 million by the end of this month - roughly tripling in eight months. At $13.3 billion against ~$600M in ARR, that's a ~22x forward-revenue multiple, which is high by SaaS standards but genuinely conservative next to peers still valued at 50-100x+ revenue on far less traction. Since its November 2024 launch, users have created more than 60 million projects on the platform, and Lovable-built apps now draw over 900 million visits a month. Employees at roughly two-thirds of the Fortune 500 use the product, with named customers including Nvidia, Adidas, Hearst, and Zendesk. That combination - real usage, real logos, and revenue that's actually compounding alongside the valuation - is what separates this round from the more speculative end of the 2026 AI funding market. It's the same pattern Value Add VC flagged when covering Supabase's $10 billion Series F two months earlier: infrastructure and tooling companies sitting underneath the AI coding boom are converting hype into ARR faster than most consumer AI apps ever have. Where Lovable sits in the vibe coding pack. | Company | Latest Valuation | As Of | | Cursor (Anysphere) | ~$29.3B | 2026 | | Lovable | $13.3B | Series C, Aug 2026 | | Replit | ~$9B | 2026 | | Supabase | $10B | Series F, Jun 2026 | | Bolt (StackBlitz) | Undisclosed (~$40M ARR) | 2026 | Figures blended from TechCrunch, Bloomberg, and company announcements. Valuations as most recently reported; not all companies disclose formal round dates. Cursor's code-editor-first approach still commands the largest valuation in the category, but Lovable's growth rate is the steeper line on the chart - it's gone from Series A to a $13.3 billion valuation in thirteen months, faster than Cursor's own climb. The category as a whole - Lovable, Cursor, Replit, Bolt, Base44 (acquired by Wix), and Vercel's v0 - has now absorbed well over $2 billion in venture capital in 2026 alone, betting that natural-language software creation isn't a feature, it's the next default interface for building software. What this means for founders and investors. For founders, Lovable's raise is another data point that AI-native tools with real usage and expanding revenue can still command premium multiples even in a market where investors have gotten more skeptical of pure hype rounds. The bar, though, keeps rising: Lovable didn't just show growth, it showed growth accelerating (ARR nearly tripling in eight months) alongside enterprise penetration into the Fortune 500 - not just consumer or indie-hacker adoption. For investors, the read is that the vibe coding category hasn't consolidated yet, and multiple players can still raise at multi-billion valuations within months of each other without cannibalizing one another's rounds. That's unusual for a category this crowded, and it suggests the market for natural-language software creation is still expanding faster than any single company can capture it - which is exactly the kind of environment where valuations keep compounding until it isn't. Bottom line Lovable's $400 million Series C at a $13.3 billion valuation - its third step-up in thirteen months - is one of the cleanest signals yet that AI-native software companies with genuine revenue growth can still command premium multiples in 2026. With ARR tracking toward $600 million and enterprise adoption spreading across the Fortune 500, this isn't a hype round; it's a company converting a new category of software creation into real, compounding revenue faster than almost anyone else building on top of AI. Get VC data most people never see - 100% free Weekly benchmarks, valuations, and fund data. Join 5,000+ investors. No spam. Frequently asked questions. What is Lovable's valuation after the Series C? Who led Lovable's Series C round? How much revenue does Lovable actually generate? What does Lovable actually do? Explore 45+ free VC tools, dashboards, and recommended startup software.

Lovable raises $400 mn to build the AI platform for business software. The company says its platform now powers more than 60 million projects and receives over 900 million monthly visits, with businesses using it to build internal tools and replace existing software. AUGUST 12, 2026, 4:54 PM AI software coding platform Lovable has raised $400 million in a Series C round at a $13.3 billion valuation as it expands from helping users build applications to supporting businesses with software, workflows and operations. The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent also participated. Existing investors including Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures returned for the round. "Lovable has become the place where founders create million-dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically at a fraction of what software used to cost," said CEO Anton Osika in a LinkedIn post. Lovable said users have created more than 60 million projects since its launch in November 2024. Applications built on the platform now receive more than 900 million visits each month. The company said its tools reached employees at nearly two-thirds of Fortune 500 companies, up from half within its first year. The company is also seeing users build businesses rather than simply prototype software. According to Lovable, nearly eight in 10 users are building a business or side project they hope to monetise, while more than one-third are already generating revenue from those projects. Lovable has added payment functionality, SEO and AI-search tools, integrations with Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs, as well as automated security scanning and governance features. It has also received AIUC-1 certification, which it describes as a security standard for AI agents. The company is positioning the platform as a way for employees who understand a business problem to build the software needed to address it without relying entirely on engineering teams. "Instead of adding another tool to our marketing stack, our teams can quickly create whatever they need to solve problems," said Veronika Zatulovskaya, VP of Marketing at Handshake. At Checkr, Lovable says teams have built internal tools and used the platform to improve operational workflows. Its operations team used Lovable to address a QA workflow issue and increased the number of reports it could process by 10 times, according to Luca Bonmassar, CTO of Checkr. Lovable plans to use the new funding to expand its product, infrastructure and team. It expects to grow to roughly 450 employees this year, with hiring focused on machine learning, product, infrastructure and security. The company will retain Stockholm as its centre while expanding in London, Boston, San Francisco and New York. The company also plans to make its platform more proactive. Rather than waiting for users to issue instructions, Lovable wants its system to understand what users are trying to achieve, identify tasks that need attention and increasingly carry out work itself. It wants to use data from the products built on its platform to improve how its system evaluates successful outcomes and try to understand not only if software works, but whether it generates revenue, improves workflows or helps businesses grow. The platform will continue using multiple AI models rather than relying on a single model. Lovable said it will match different parts of a task with the model best suited to handle them and will continue post-training open-source models. Menlo Ventures partner Matt Murphy said Lovable is targeting people who have the knowledge and ideas to build products but have historically been constrained by technical skills. "From the very start, Lovable was built for the billions of people with the creativity and knowledge to make something, but who had always been blocked by technical ability," Murphy said. The latest funding round gives Lovable more capital to compete in a growing market around AI-assisted software development while pushing the company further into business operations and software creation. Your reaction Discussion. No comments yet - be the first to share your view.

London-Backed Lovable raises official $400M at $13.3 billion as vibe coding targets UK enterprise. August 12, 2026 Contents. When Balderton Capital, the London-based venture firm with a portfolio of 275 companies and 20 unicorns, commits to a new round, the European technology industry pays attention. This week, Balderton joined the $400 million Series C of Lovable, the Swedish AI startup that has built the world's leading vibe coding platform. The round values the company at $13.3 billion and signals that European investors believe AI-powered software development is not a passing trend but a structural shift in how software gets built. For UK business leaders, the more important signal is not the headline valuation. It is the practical implication: the tools that allowed a solo developer to ship a working product in minutes are now enterprise-grade, Balderton-backed, and expanding into the market where British firms operate. What is Lovable? Lovable is an AI-powered development platform that enables users to create fully functional web applications by describing what they want in plain English. There is no requirement to write code. A product manager, a marketing lead, or a founder can describe a dashboard, a client portal, or an internal tool, and the platform builds it. The output is deployable software, not a prototype. The platform has attracted millions of registered users since launching in late 2024. Nearly two thirds of Fortune 500 companies now have employees using it, a figure that rose from roughly half just six months ago. That trajectory captures something real: the tool is moving from individual experimentation into team-level and enterprise-level adoption. What distinguishes Lovable from earlier no-code tools is the quality of the output and the depth of the integrations. The applications it generates connect to live databases, handle authentication, and support the kind of logic complexity that real business workflows require. Enterprise teams have discovered they can ship internal tools in days that would previously have taken months of engineering time. Why Balderton backed this round. Balderton Capital is one of Europe's most respected early-stage investors. Its portfolio includes Betfair, Revolut, Depop, and Darktrace. When it makes a late-stage commitment, it is because it sees a company that will define a category. The decision to back the startup at a $13.3 billion valuation reflects two views. First, that vibe coding is not a feature but a new paradigm in software development. Second, that the European market, particularly the UK, represents a significant and underserved opportunity for enterprise adoption of AI-native development tools. Balderton managing the London anchor position in this round also makes geographic sense. UK enterprises are among the most technology-forward in Europe. They face well-documented talent shortages and cost pressures that make automation of software development an attractive proposition rather than a threat. UK developer shortage and why it matters. The UK faces a structural software skills gap. According to industry data, there are consistently more open developer roles than available candidates, and the gap is widening. The government's AI Opportunities Action Plan acknowledges the need to augment the existing workforce with AI tools rather than rely solely on expanding the talent pipeline. This is precisely the environment where a platform like Lovable is positioned to create value. Teams that cannot hire three additional developers can instead empower their existing staff, including non-engineers, to build and maintain software independently. The productivity gain is not marginal. Firms that have deployed the tool report shipping internal tools in days rather than months. UK professional services firms, financial institutions, and mid-market companies are among the strongest candidates for adoption. They have complex internal workflows, limited engineering headcount, and senior leadership that is increasingly comfortable asking AI tools to do real work. What this means for UK businesses. UK businesses that adopt vibe coding now position themselves ahead of what is likely to become a standard practice within three years. The question for most enterprise technology leaders is not whether AI will reshape their software delivery processes but how quickly they should act. The architecture gives compliance teams the governance controls they need. SOC 2 compliance, role-based access controls, and audit logs make the platform viable for regulated industries including financial services, legal, and healthcare. UK firms operating under FCA oversight will find the compliance posture workable. The internal link to recent UK funding activity is also relevant: UK defence and deep-tech companies like Cambridge Aerospace, which raised $300M earlier this month, are already building AI into core operations. The software layer that supports these companies is evolving rapidly. The Series C: key numbers. The $400 million round was co-led by Menlo Ventures and EQT's Scaleup Europe Fund. New investors include Balderton Capital, Tencent, Carmignac, Kaszek Ventures, World Innovation Lab, LTS Growth, and Regent. Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. The round values the company at $13.3 billion, doubling the $6.6 billion valuation it carried after its December 2025 raise of $330 million. In eight months, the company has doubled its valuation and nearly tripled its revenue. Annual recurring revenue is tracking towards $600 million by the end of August 2026. The company plans to use the capital to grow its global headcount by 50 per cent to 450 employees, with expansion across Europe, the United States, Latin America, and the Asia-Pacific region. Engineering, enterprise sales, and compliance functions are expected to see the largest hiring pushes. European AI context. The Lovable raise is the largest European AI round of 2026 to date. It comes as European investors and governments debate how to ensure the continent builds and retains globally competitive AI companies rather than ceding ground to US and Asian competitors. Balderton's position in this round is a meaningful statement. It signals that London-based investors view the company as a strategic European asset, not simply a fast-growing Swedish startup. That framing matters for the UK's positioning as a hub for AI investment and AI-native enterprise software. Its rise is part of a broader pattern. European AI companies including Mistral, Aleph Alpha, and now Lovable are raising at valuations that would previously have required a US lead investor. European capital, including UK-based capital, is beginning to anchor these rounds. What is next. The company has indicated it will focus the next twelve months on enterprise expansion, compliance certifications, and deepening integrations with the existing software ecosystems that large organisations rely on. UK enterprise accounts are expected to be a priority market given the combination of strong tech adoption culture and clear skills gap context. For UK businesses tracking this space, the practical steps are straightforward: run a pilot project using the platform on an internal tool with a clear scope and a non-critical workflow. The learning curve is low, the output quality has improved significantly in 2026, and the enterprise compliance posture is now sufficient for most regulated industries. Frequently asked questions. What is Lovable and what does it do? Lovable is an AI-powered vibe coding platform that allows users to build functional web applications by describing them in plain English. It was founded in Sweden and has grown to serve millions of users globally, including enterprises in finance, retail, and professional services. Why did Balderton Capital invest in Lovable? Balderton Capital invested in the $400M Series C because it views the company as a strategic European AI asset. The firm, which manages over $6 billion and has backed 20 unicorns, sees it as core infrastructure for the next generation of software development across UK and European enterprises. Is Lovable suitable for UK enterprises with compliance requirements? The platform has SOC 2 compliance, role-based access controls, and governance features for enterprise deployment, suitable for UK financial services firms operating under FCA oversight. What is the valuation after the Series C? The company is valued at $13.3 billion after raising $400M in August 2026, doubling its $6.6 billion valuation from December 2025. ARR is tracking towards $600 million by end of August 2026. Stay ahead of the AI and enterprise stories reshaping UK business. Visit BestStartup UK for daily coverage of funding rounds, founder profiles, and innovation from London and beyond.