Lovable, a Swedish vibe coding startup, said on August 12 that it raised US$400 million in a series C round led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT, valuing the company at US$13.3 billion.

The round follows a US$200 million series A at US$1.8 billion in July 2025 and a US$330 million series B at US$6.6 billion in December 2025.

The AI app builder said it will use the funding to expand its product, infrastructure, and hiring, with plans to grow to about 450 employees this year across Stockholm, London, Boston, San Francisco, and New York.

Lovable was founded in 2023 by CEO Anton Osika and CTO Fabian Hedin.

The company said users have created more than 60 million projects since its November 2024 launch, and apps built on its platform now receive more than 900 million visits each month.

🔗 Source: Lovable

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