Lovable has confirmed it raised another $400 million in a Series C round at a $13.3 billion valuation. The funding was led by Menlo Ventures and the Scaleup Europe Fund, with Regent among more than a dozen other participants. This capital injection follows the startup reporting $500 million in annualised run rate revenue for June. The previous round in December secured $330 million at a $6.6 billion valuation, also with Menlo Ventures leading and CapitalG co-leading. Lovable now hosts 60 million projects attracting 900 million monthly visitors, requiring significant backend expansion. The company offers its own trained AI model alongside standard frontier options. In June, Lovable signed a multiyear agreement with Google Cloud, resulting in a fivefold increase in usage. The firm has also backed other European ventures, including Danish hardware design startup Atech. One new investor is Regent, the investment firm that owns TechCrunch.
The valuation increase reflects rapid growth in project volume and infrastructure demands rather than just market hype. Lovable’s ability to scale its backend while maintaining high visitor numbers indicates operational maturity. The shift from external model reliance to an in-house trained model suggests a strategic move toward greater control over core technology.
- Annualised revenue reached $500 million by June
- Monthly visitors now total 900 million
- Google Cloud usage increased fivefold
