# Lovable Raises $400M Series C at $13.3B Valuation, Expanding Vibe-Coding Platform Globally

> Lovable, the Swedish startup behind one of the most popular vibe-coding tools, has raised $400 million in a Series C round that doubles its valuation to $13.3 billion. Menlo Ventures and EQT's Scaleup Europe Fund led the financing, with returning backers including Accel, Salesforce Ventures, CapitalG and DST Global, capping a remarkable run for a company barely two years old. Lovable lets people build working web apps by describing them in plain language, and adoption has been fast. The company says more than 60 million projects have been created on the platform since its late-2024 launch, and it claims two-thirds of the Fortune 500 now use apps built with it. The fresh capital will fund a push toward 450 employees and deeper work on payments and multi-agent features. The raise is one of the largest yet for the crowded field of tools that promise software without traditional coding. It also stands out as a European company reaching a valuation usually reserved for Silicon Valley, a sign that the vibe-coding wave has real commercial pull well beyond the US.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Lovable · Published Wednesday, August 19, 2026_

## Wortins' read

Lovable, the Swedish startup behind one of the most popular vibe-coding tools, has raised $400 million in a Series C round that doubles its valuation to $13.3 billion. Menlo Ventures and EQT's Scaleup Europe Fund led the financing, with returning backers including Accel, Salesforce Ventures, CapitalG and DST Global, capping a remarkable run for a company barely two years old. Lovable lets people build working web apps by describing them in plain language, and adoption has been fast. The company says more than 60 million projects have been created on the platform since its late-2024 launch, and it claims two-thirds of the Fortune 500 now use apps built with it. The fresh capital will fund a push toward 450 employees and deeper work on payments and multi-agent features. The raise is one of the largest yet for the crowded field of tools that promise software without traditional coding. It also stands out as a European company reaching a valuation usually reserved for Silicon Valley, a sign that the vibe-coding wave has real commercial pull well beyond the US.

## Source

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

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