Lovable raises another $400M, confirms new $13.3B valuation

Lovable raises another $400M, confirms new $13.3B valuation

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Europe’s favorite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising another mega round at a $13.3 billion valuation. Lovable said on Wednesday that it has raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating.

This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch. Its previous round, announced in December, brought in $330 million at a $6.6 billion valuation and was also led by Menlo Ventures, with CapitalG as co-lead.

Note: One of Lovable’s new Series C investors is Regent, the investment firm that owns Foundry.ComputerworldRead More