Lovable Reaches $13.3 Billion Valuation in $400 Million Series C

Lovable, a European AI coding platform, raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, achieving a $13.3 billion valuation. The company reached $500 million in annualized revenue run rate in June 2026 and now hosts 60 million projects with 900 million monthly visitors. Lovable has developed its own in-house trained AI model alongside support for frontier models, signed a multiyear deal with Google Cloud representing a fivefold increase in usage, and has begun investing in European hardware startups like Atech.