Lovable confirms new $13.3B valuation, raises another $400M
This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch.
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Lovable, a European startup focused on vibe-coding, has raised $400 million in its Series C funding round at a $13.3 billion valuation. The funding was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating. This funding follows the company's achievement of $500 million in annualized run rate revenue in June and reflects growing demand for its platform, which now hosts 60 million projects and attracts 900 million monthly visitors. The company's expansion includes developing its own in-house trained AI model, signing a multiyear deal with Google Cloud that represents a fivefold increase in usage, and backing other European startups in the vibe-coding space.
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