# Lovable Raises $400M Series C at $13.3B Valuation

> Lovable, the AI app-building startup, has closed a $400 million Series C at a $13.3 billion valuation, roughly doubling its worth in about seven months from $6.6 billion. The round was led by Menlo Ventures and co-led by EQT's Scaleup Europe Fund, and it lands as the company projects a $600 million annualized revenue run rate by the end of August. The pitch behind the numbers is that Lovable lets people build working software by describing what they want, collapsing the gap between idea and shipped app. Revenue growing this fast, alongside plans to expand to around 450 employees, is why investors are willing to underwrite a valuation that looked aggressive just a couple of quarters ago. It is also a notable European AI success story at a time when most of the megarounds are American. Whether describe an app and get one becomes a durable category or a feature that larger platforms absorb is the open question, but for now Lovable is one of the fastest-scaling companies in the space.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Bloomberg · Published Saturday, August 15, 2026_

## Wortins' read

Lovable, the AI app-building startup, has closed a $400 million Series C at a $13.3 billion valuation, roughly doubling its worth in about seven months from $6.6 billion. The round was led by Menlo Ventures and co-led by EQT's Scaleup Europe Fund, and it lands as the company projects a $600 million annualized revenue run rate by the end of August. The pitch behind the numbers is that Lovable lets people build working software by describing what they want, collapsing the gap between idea and shipped app. Revenue growing this fast, alongside plans to expand to around 450 employees, is why investors are willing to underwrite a valuation that looked aggressive just a couple of quarters ago. It is also a notable European AI success story at a time when most of the megarounds are American. Whether describe an app and get one becomes a durable category or a feature that larger platforms absorb is the open question, but for now Lovable is one of the fastest-scaling companies in the space.

## Source

[Read the full story at Bloomberg](https://www.bloomberg.com/news/articles/2026-08-12/ai-coding-startup-lovable-raises-400m-series-c-funding-at-13-3-billion-valuation)

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