Lovable Series C Funding Hits $400M as Valuation Doubles to $13.3B - The Cryptonomist
Article excerpt
Lovable has pulled off one of the biggest funding rounds in European tech this year, and the numbers alone tell a story of just how fast the “vibe coding” wave has grown. The Stockholm-based startup announced it raised $400 million in Series C funding at a $13.3 billion valuation, more than doubling the price tag investors put on the company just seven months earlier. For a platform that lets anyone describe what they want in plain language and watch software appear, that kind of leap says a lot about how much appetite remains for AI-driven coding tools. Summary Lovable’s new $13.3 billion valuation puts it near the top of Europe’s private AI companies, just behind French model-maker Mistral, which sits around $14 billion, according to Business Insider. That places Lovable comfortably ahead of rival coding platform Replit, which was valued at $9 billion back in March. Still, the gap with the biggest American AI labs remains enormous - Anthropic has been valued at roughly $1.2 trillion on secondary markets, and OpenAI at close to $933 billion, figures that reflect private-share trading rather than a formal funding round, Business Insider reported. The Series C funding was led by Menlo Ventures and co-led by the Scaleup Europe Fund, which is managed by EQT. Matt Murphy, a partner at Menlo Ventures, said Lovable “was built for the billions of people with the creativity and...
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Lovable earned AIUC-1 certification, which the company describes as the first security standard built specifically for AI agents.
