Vibe-Coding Platform Lovable Raises $400M at a $13.3B Valuation, Doubling in Eight Months - Wowtale
Article excerpt
Turning an idea into software used to require capital, technical fluency, and time - a barrier that killed countless ideas before they existed. Stockholm-based Lovable tore that barrier down. Describe what you want in natural language and its AI builds a working app: “vibe coding,” which puts software creation in the hands of non-developers. Lovable announced a $400 million Series C at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. New investors span continents - Balderton Capital and Carmignac in Europe, Kaszek Ventures and LTS Growth in Latin America, Tencent and World Innovation Lab in Asia, and Regent in the U.S. - alongside returning backers Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. The pace is remarkable. Just eight months ago its Series B valued Lovable at $6.6 billion; that has now doubled. Revenue has followed: after crossing $500 million in ARR in June, the company is tracking toward $600 million by the end of August. Since launching in November 2024, users have created more than 60 million projects, and Lovable-built apps draw over 900 million visits a month. Within its first year Lovable reached employees at half the Fortune 500; less than a year later, that’s near two-thirds. Lovable’s direction is clear: not just building apps, but running...
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Since its Series B it has added payments, SEO and AI-search discoverability tools, deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs, automatic and scheduled security scanning, AIUC-1 certification (the first security standard for AI agents), and governance features like publishing controls and workspace insights.
