Lovable hits $13.3B valuation with $400M funding

Lovable, a Stockholm-based startup, has raised $400 million at a $13.3 billion valuation, more than doubling its previous $6.6 billion valuation from December 2025. The funding round, co-led by Menlo Ventures and Scaleup Europe Fund, reflects growing enterprise adoption of AI-powered 'vibe coding'—where employees describe applications in natural language to generate front ends, back ends, databases, and integrations. The company's revenue run rate has nearly tripled to $600 million annually, with customers including Nvidia, Adidas, Hearst, and Zendesk using Lovable to build internal tools and production applications.

Lovable's platform targets non-engineers like product managers and marketers, enabling them to create software without traditional coding. However, this shift introduces new governance challenges, as enterprises must manage thousands of AI-generated applications. Lovable addresses this with enterprise features like SSO, role-based access controls, audit logs, and its Workspace Insights tool, which tracks projects, security findings, and data handling. The startup plans to expand its workforce by 50% to 450 employees, signaling its ambition to become a core part of the enterprise software ecosystem.