Lovable Hits $13.3 Billion Valuation After $400 Million Series C

The capital injection follows a period of rapid expansion for the company, which recently reported an annualized run rate revenue of $500 million as of June. This valuation leap marks a significant climb from the $6.6 billion figure achieved during its $330 million funding round just last December. Menlo Ventures maintained its position as a lead investor, continuing a trend of heavy backing for the platform’s trajectory.

To manage its massive user base, Lovable has moved beyond relying solely on third-party technology, implementing its own in-house trained AI models. The company’s operational requirements expanded significantly following a multiyear agreement with Google Cloud, which resulted in a fivefold surge in platform usage. Beyond its core software, the firm has begun deploying capital into the broader European ecosystem, recently backing the Danish startup Atech to support hardware-focused design tools. Notably, Regent, the investment group that owns TechCrunch, joined the list of participants in this latest financing round.