AI Startup Funding
Lovable doubles again, taking $400M Series C at a $13.3B tag
By Arjun
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13 Aug 12:05 AM
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Via TechCrunch
Stockholm vibe-coding startup Lovable confirmed a $400 million Series C led by Menlo Ventures and EQT's Scaleup Europe Fund at a $13.3 billion valuation. TechCrunch reports June annualized run-rate revenue of $500 million after a December round that priced the company at $6.6 billion. Lovable says it hosts tens of millions of projects and mixes frontier models with an in-house model. The raise shows application-layer AI coding can still clear late-stage European capital. The caveat is that enterprise revenue remains a thin slice of a consumer-heavy ARR base.
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