Lovable confirms new $13.3B valuation, raises another $400M

Europe’s favourite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising different mega circular astatine a $13.3 cardinal valuation. Lovable said connected Wednesday that it has raised $400 million successful a Series C circular led by Menlo Ventures and the Scaleup Europe Fund, with much than a twelve different investors participating.

This caller backing comes aft Lovable deed $500 cardinal successful annualized tally complaint gross successful June, the startup told TechCrunch. Its erstwhile round, announced successful December, brought successful $330 cardinal astatine a $6.6 cardinal valuation and was besides led by Menlo Ventures, with CapitalG arsenic co-lead.

As the startup has grown — it present says it hosts 60 cardinal projects that pull 900 cardinal monthly visitors — truthful has its backend needs and sophistication, the institution says. Lovable, for instance, offers its ain in-house trained AI model, arsenic good arsenic the accustomed frontier exemplary options. In June, it signed a multiyear woody with Google Cloud, a fivefold summation successful usage. Lovable has besides backed different European startups, specified arsenic Danish startup Atech, which is gathering vibe-coding bundle that designs tech hardware.

Note: 1 of Lovable’s caller Series C investors is Regent, the concern steadfast that besides owns TechCrunch.