{"slug": "lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet", "title": "Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding", "summary": "Lovable, a Stockholm-based AI software-building startup, has raised $400 million in a Series C round led by Menlo Ventures and EQT-managed Scaleup Europe Fund, doubling its valuation to $13.3 billion from $6.6 billion in December. The company's annual recurring revenue has nearly tripled since December to $400 million, and more than 60 million projects have been created on its platform since launch in November 2024.", "body_md": "AI software-building startup Lovable has raised $400 million at a $13.3 billion valuation, more than double the $6.6 billion valuation it received in its December funding round.\n\nMenlo Ventures led the Series C alongside EQT-managed Scaleup Europe Fund in the latest sign of investor appetite for vibe-coding startups.\n\nThe Stockholm-based company's annual recurring revenue has nearly tripled since December, cofounder and CEO Anton Osika said.\n\nLovable disclosed in March that it had reached $400 million in annual recurring revenue, up from $300 million a month earlier and $200 million at the end of 2025.\n\nIn a [blog post](https://lovable.dev/blog/series-c) on Wednesday, Lovable, which helps users build software through natural-language prompts, said more than 60 million projects have been created on its platform since its launch in November 2024.\n\n*This is a developing story. Check back for updates.*", "url": "https://wpnews.pro/news/lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet", "canonical_source": "https://www.businessinsider.com/lovable-funding-valuation-doubles-13-3-billion-vibe-coding-2026-8", "published_at": "2026-08-12 10:33:24+00:00", "updated_at": "2026-08-12 10:36:54.189729+00:00", "lang": "en", "topics": ["ai-startups", "ai-products", "generative-ai"], "entities": ["Lovable", "Menlo Ventures", "EQT", "Scaleup Europe Fund", "Anton Osika"], "alternates": {"html": "https://wpnews.pro/news/lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet", "markdown": "https://wpnews.pro/news/lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet.md", "text": "https://wpnews.pro/news/lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet.txt", "jsonld": "https://wpnews.pro/news/lovable-doubles-its-valuation-to-13-3-billion-as-investors-place-another-big-bet.jsonld"}}