Lovable doubles valuation to $13.3B on $400M funding round
Stockholm AI coding startup reaches unicorn status as investor appetite for vibe-coding platforms accelerates.
Conversation activity · last 13 hours peak 11/30m
Latest coverage newest 6 of 11 items
Summary, timeline and people extracted by Claude from 13 items across 4 sources · 10h ago. Quotes are verbatim.
What to know
- Lovable doubled its valuation from $6.6B to $13.3B in seven months with a $400M Series C round, reflecting intense investor appetite for AI coding platforms.
- The company's annual recurring revenue nearly tripled from roughly $200M at end of 2025 to $400M by March 2026, demonstrating rapid monetization.
- Lovable plans to pivot from a code-generation platform to a comprehensive business-running platform, helping users not just build but operate software-based ventures.
- Over 60 million projects have been created on Lovable's platform since its November 2024 launch, positioning it as a major player in the vibe-coding category.
How it unfolded
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Lovable announces $400 million Series C funding round at $13.3 billion valuation, led by Menlo Ventures and EQT-managed Scaleup Europe Fund, more than doubling valuation in seven months.
“Since we started, Lovable has become the place where founders create million dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically…”
Anton Osika, CEO and cofounder · Press ↗ -
In LinkedIn announcement, Osika says company will use funding to evolve from a code-building platform to one that helps users run and scale entire businesses.
“Our ambition is to give people that power, and then help them achieve more than they thought possible.”
Anton Osika, CEO and cofounder · Press ↗ - 23 weeks quiet
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Report Lovable's ARR nearly doubles to $400M in three months
Company publicly discloses it has reached $400 million in annual recurring revenue, up from $300 million in February and $200 million at year-end 2025.
- 9 weeks quiet
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Report Lovable reaches $200M ARR milestone
The company discloses $200 million in annual recurring revenue by end of 2025.
- 4 weeks quiet
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Event Lovable raises $330M at $6.6B valuation
Lovable completes Series B funding round at a $6.6 billion valuation with $330 million raised.
- 56 weeks quiet
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Event Lovable launches platform for natural-language software building
Lovable launches, enabling users to build software through natural-language prompts.
What people are saying verbatim
“Since we started, Lovable has become the place where founders create million dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically at a fraction of what software used to cost.”
Anton Osika, CEO and cofounder, Cofounder and CEO of Lovable · Business Insider ↗ · Aug 11
“Our ambition is to give people that power, and then help them achieve more than they thought possible.”
Anton Osika, CEO and cofounder, Cofounder and CEO of Lovable · Business Insider ↗ · Aug 11
“Stockholm-based AI coding startup Lovable raised $400M at a $13.3B valuation, up from $6.6B in December 2025, becoming one of Europe's most valuable startups”
Techmeme/Wall Street Journal, News aggregator/publication · Mastodon/Techmeme ↗ · Aug 11
“Lovable's raise is the latest example of investor enthusiasm for AI coding companies. SpaceX agreed in June to buy Cursor for $60 billion, while app-building platform Emergent raised $130 million at a $1.5 billion valuation in July.”
Business Insider, Publication · Business Insider ↗ · Aug 11
“The Stockholm-based company's annual recurring revenue has nearly tripled since December, cofounder and CEO Anton Osika wrote in a LinkedIn post announcing the funding round on Wednesday.”
Business Insider, Publication · Business Insider ↗ · Aug 11