# Lovable raises $400M Series C at $13.3B valuation

> Lovable, the app-building platform, has raised a $400 million Series C led by Menlo Ventures and EQT, vaulting the company to a $13.3 billion valuation less than two years after launch. The numbers behind it are eye-catching: more than 60 million projects created since November 2024, over 900 million monthly visits, and $500 million in annualized revenue reached in June. The pitch is letting people build working software by describing what they want, and adoption has spread well beyond hobbyists. Lovable says nearly two-thirds of the Fortune 500 now use apps built on its platform, a sign that natural-language app creation is moving from novelty toward something enterprises quietly rely on. The company is scaling to roughly 450 employees to keep pace. A valuation of this size on a company this young captures both the promise and the froth of the moment. The revenue growth is real and fast, but a $13.3 billion price tag bakes in expectations that the app-building layer becomes durable infrastructure rather than a feature larger platforms eventually absorb.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Lovable · Published Thursday, August 20, 2026_

## Wortins' read

Lovable, the app-building platform, has raised a $400 million Series C led by Menlo Ventures and EQT, vaulting the company to a $13.3 billion valuation less than two years after launch. The numbers behind it are eye-catching: more than 60 million projects created since November 2024, over 900 million monthly visits, and $500 million in annualized revenue reached in June. The pitch is letting people build working software by describing what they want, and adoption has spread well beyond hobbyists. Lovable says nearly two-thirds of the Fortune 500 now use apps built on its platform, a sign that natural-language app creation is moving from novelty toward something enterprises quietly rely on. The company is scaling to roughly 450 employees to keep pace. A valuation of this size on a company this young captures both the promise and the froth of the moment. The revenue growth is real and fast, but a $13.3 billion price tag bakes in expectations that the app-building layer becomes durable infrastructure rather than a feature larger platforms eventually absorb.

## Source

[Read the full story at Lovable](https://lovable.dev/blog/series-c)

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