Lovable raises $400M at $13.3B valuation, tripling in 6 months

Lovable, Europe’s favorite vibe-coding startup, just confirmed a massive $400 million Series C at a $13.3 billion valuation — up from $6.6 billion in December — led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors joining in. The company hit $500 million in annualized run rate revenue in June, and now says it hosts 60 million projects attracting 900 million monthly visitors. It’s also scaling up its back-end game: Lovable offers its own in-house trained AI model alongside frontier models, and in June signed a multiyear Google Cloud deal that represents a fivefold increase in usage. It’s even backing other European startups, like Danish hardware-design startup Atech. Fun note: one of its new investors, Regent, also owns TechCrunch.