# Lovable raises $400 million Series C at $13.3 billion valuation

> Lovable, the Swedish startup behind a popular vibe-coding tool that turns plain-language prompts into working apps, has confirmed a $400 million Series C at a $13.3 billion valuation. The round is led by Menlo Ventures and the Scaleup Europe Fund, with a wide syndicate that includes Balderton, Kaszek, Tencent and others. The valuation has roughly doubled in eight months, and the company says annual recurring revenue is approaching $600 million, up from about $500 million in June, with a stated path toward $1 billion and beyond. For a European startup, that trajectory is extraordinary and puts it among the most valuable of the current AI app-building wave. The raise underscores how much investor enthusiasm is flowing toward tools that let non-programmers build software by describing what they want. Whether these products can hold their lead as larger platforms add similar features is the open question, but for now the market is pricing Lovable as a genuine contender.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Tuesday, August 18, 2026_

## Wortins' read

Lovable, the Swedish startup behind a popular vibe-coding tool that turns plain-language prompts into working apps, has confirmed a $400 million Series C at a $13.3 billion valuation. The round is led by Menlo Ventures and the Scaleup Europe Fund, with a wide syndicate that includes Balderton, Kaszek, Tencent and others. The valuation has roughly doubled in eight months, and the company says annual recurring revenue is approaching $600 million, up from about $500 million in June, with a stated path toward $1 billion and beyond. For a European startup, that trajectory is extraordinary and puts it among the most valuable of the current AI app-building wave. The raise underscores how much investor enthusiasm is flowing toward tools that let non-programmers build software by describing what they want. Whether these products can hold their lead as larger platforms add similar features is the open question, but for now the market is pricing Lovable as a genuine contender.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/08/12/lovable-confirms-new-13-3b-valuation-raises-another-400m/)

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