Lovable Lands $400M at $13.3B Valuation
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- Lovable raised $400 million in a Series C at a $13.3 billion valuation, led by Menlo Ventures and the Scaleup Europe Fund with more than a dozen other investors participating.
- Lovable's previous round in December brought in $330 million at $6.6 billion — meaning the company's valuation roughly doubled in about seven months.
- Lovable hit $500 million in annualized run rate revenue in June, the company told TechCrunch.
- Lovable now hosts 60 million projects that attract 900 million monthly visitors.
- Lovable signed a multiyear Google Cloud deal in June representing a fivefold increase in usage, alongside its in-house trained AI model and frontier model offerings.
- Lovable has backed Danish startup Atech, which is building vibe-coding software that designs tech hardware.
Why it matters: Lovable doubled its valuation to $13.3B in roughly seven months while crossing $500M in annualized run-rate revenue and signing a fivefold-expanded Google Cloud deal — a concrete signal that European AI-infrastructure startups are commanding premium pricing from US investors, with Menlo Ventures doubling down on its lead-investor position from the prior round.
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