European AI startup Lovable confirmed on Wednesday, August 12, 2026, that it has raised $400 million in a Series C funding round, valuing the company at $13.3 billion.
The round was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen additional investors participating. Regent, the investment firm that also owns TechCrunch, is among the new Series C investors.
The raise follows Lovable reaching $500 million in annualized run rate revenue as of June 2026. The company’s previous round, announced in December, brought in $330 million at a $6.6 billion valuation — also led by Menlo Ventures, with CapitalG as co-lead — meaning Lovable has doubled its valuation in roughly eight months.
Lovable describes itself as a vibe-coding platform and says it now hosts 60 million projects that draw 900 million monthly visitors. As the platform has scaled, so have its infrastructure needs. The company offers its own in-house trained AI model alongside standard frontier model options, and in June 2026 signed a multiyear deal with Google Cloud representing a fivefold increase in usage.
Lovable has also extended its footprint beyond its own product, backing other European startups including Danish company Atech, which is building vibe-coding software for designing tech hardware.
The funding suggests continued investor appetite for AI-driven development tools, particularly those with demonstrated revenue growth. Lovable’s rapid valuation climb — from $6.6 billion to $13.3 billion in under a year — may reflect the pace at which its platform has attracted both users and enterprise infrastructure commitments.
Source: TechCrunch