Lovable Reaches $13.3 Billion Valuation in $400 Million Funding Round
In late 2023, Anton Osika and Fabian Hedin founded Lovable in Stockholm around a single premise: users write plain text instructions, and software builds itself.
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| Credit: Lovable |
The platform opened to the public in November 2024.
Under two years later, that text box runs millions of active software projects worldwide.
Lovable Labs Inc. secured $400 million in Series C funding at a $13.3 billion valuation.
The financing doubles the startup's $6.6 billion valuation recorded in December 2025.
Osika announced the details of the capital raise.
"Lovable just raised $400M at a $13.3B valuation to build the business that helps build businesses. Apps built on Lovable now get 900M visits every month, and we've quadrupled ARR in the last 12 months."
Silicon Valley venture firm Menlo Ventures led the round alongside EQT's Scaleup Europe Fund.
International investors joining the transaction include Tencent Holdings Ltd., Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, World Innovation Lab, and Regent.
Returning backers Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures participated as well.
| Metric | Current Figure |
| Series C Valuation | $13.3 Billion |
| Capital Raised | $400 Million |
| Annualized Recurring Revenue | $500 Million (June 2026) |
| Total Projects Created | 60+ Million |
| Monthly App Visits | 900 Million |
| Planned Workforce | 450 Employees |
Financial records show annualized recurring revenue reached $500 million in June 2026, up from $200 million in November 2025. Internal sales projections indicate revenue will reach $600 million by the end of August 2026.
Employees inside nearly two-thirds of the Fortune 500 actively use the tool, up from 50% six months ago.
Corporate accounts include Nvidia Corp., Adidas AG, Hearst Communications Inc., and Zendesk Inc.
Direct enterprise contracts generate $20 million of current annualized revenue.
Individual creators and small team subscriptions make up the remaining $480 million.
Internal user studies show nearly eight out of 10 users build software with the intent to monetize.
More than one-third of those creator projects currently earn active income.
Investor Deedy Das addressed questions about software defensibility in public comments following the news.
"'Lovable has no moat' is the most common take in the valley, yet… $500M+ revenue run rate, 7x year over year — 900M+ visits / month to Lovable created sites — 60M projects created, ~5M/month — 2/3rd of Fortune 500 use it."
Capital from the round will fund enterprise software integrations, automated security scans, and administrative permission controls.
Recent software updates added native payments, search optimizations, and integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs.
The product development team is building features that automate business management tasks beyond initial application building.
Future tools will track operational goals and execute sales and marketing workflows without requiring manual prompt inputs.
Lovable plans to expand its total team from roughly 300 to 450 employees by the end of 2026.
Most new roles will cover machine learning engineering, infrastructure, and cybersecurity.
The company maintains its primary headquarters in Stockholm while adding engineering and sales staff across regional offices in London, Boston, San Francisco, and New York.
