Lovable Raises $400 Million Series C At $13.3 Billion Valuation To Expand AI Software Creation Platform
Article excerpt
Lovable has raised $400 million in Series C funding at a $13.3 billion valuation as the AI software creation company looks to expand its platform for building and operating businesses. Menlo Ventures led the round, with the Scaleup Europe Fund, managed by EQT, co-leading. New investors included Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent. Returning investors included Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. Lovable launched in November 2024 and said users have since created more than 60 million projects on the platform. Apps built with Lovable now receive more than 900 million visits per month. Within its first year, the platform had reached employees at half of the Fortune 500, and that figure has since increased to nearly two-thirds. The company has expanded beyond application creation into tools designed to help users operate and monetize businesses. Recent additions include payment functionality, SEO and AI-search capabilities, integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs, along with automated security scanning and enterprise governance features. Lovable said nearly eight out of 10 surveyed builders are creating a business or side project they hope to monetize, and more than one-third of those users are already...
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The company expects to grow to roughly 450 employees this year, with significant hiring across machine learning, product, infrastructure, and security.
