Swedish AI coding platform Lovable raised $400 million in a Series C funding round. This investment elevates the company's valuation to $13.3 billion. The current valuation more than doubles the $6.6 billion figure recorded in December 2025.
Menlo Ventures and EQT's Scaleup Europe Fund co-led the financing with participation from new and existing investors including Tencent, CapitalG, and Salesforce Ventures.
Lovable reached $500 million in annualized recurring revenue as of June 2026. Employees at nearly two-thirds of Fortune 500 companies use the platform to build software with natural language.
The company will use the new funds to expand its global team to 450 people. It will also use the capital to enhance its enterprise capabilities.