# Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding

> Source: <https://www.businessinsider.com/lovable-funding-valuation-doubles-13-3-billion-vibe-coding-2026-8>
> Published: 2026-08-12 10:33:24+00:00

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.

Menlo Ventures led the Series C alongside EQT-managed Scaleup Europe Fund in the latest sign of investor appetite for vibe-coding startups.

The Stockholm-based company's annual recurring revenue has nearly tripled since December, cofounder and CEO Anton Osika said.

Lovable 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.

In 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.

*This is a developing story. Check back for updates.*