Lovable Raises $400M Series C

AI-based software creation platform Lovable announced it has raised a $400M Series C at a $13.3B valuation. This round was led by Menlo Ventures and co-led by the Scaleup Europe Fund managed by EQT.

New investors include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent, while existing investors such as Accel, Antler, CapitalG, DST Global, HubSpot Ventures, and Salesforce Ventures also participated in follow-on investments.

Since its launch in November 2024, Lovable has achieved the following milestones according to company announcements:

• Over 60 million projects generated by users
• Over 900 million monthly visits to apps built with Lovable
• The proportion of Fortune 500 companies using Lovable has expanded from half within the first year of launch to currently about two-thirds

Recently, the platform has expanded features to enable the use of software in actual business and corporate operations.

• Payment features and SEO & AI search optimization tools
• Integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs
• Automated and scheduled security scans and AIUC-1 security certification
• Governance features such as publishing controls, unused app cleanup, and workspace analytics
• An enterprise Trust Center for apps published via Lovable

According to a company survey, approximately 80% of users are building businesses or side projects with monetization goals, and more than one-third of them are already generating revenue. Corporate teams at Adidas, NVIDIA, and Deutsche Telekom have also stated that they are using Lovable for internal business software and new product development.