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[ARTICLE · art-93938] src=thestack.technology ↗ pub= topic=ai-startups verified=true sentiment=↑ positive

Lovable raises $400m and doubles valuation; leans into enterprise support

Lovable, a Swedish vibe coding platform, raised $400 million at a $13.3 billion valuation in a funding round led by Menlo Ventures and co-led by the EU's Scaleup Europe fund, bringing its total funding to nearly $1 billion across five rounds. The company, which last raised $330 million at a $6.6 billion valuation in December 2025, will use the capital to expand into the enterprise market.

read1 min views1 publishedAug 12, 2026
Lovable raises $400m and doubles valuation; leans into enterprise support
Image: Thestack (auto-discovered)

Vibe coding platform Lovable has raised $400 million at a $13.3 billion valuation in its latest funding round, bringing a host of new investors on board as it positions itself towards the enterprise market.

The Swedish startup has been a European AI darling since it launched in 2023 and has now raised almost $1 billion across five funding rounds, continuing to weather competition from OpenAI and Anthropic.

The round was led by Menlo Ventures and co-led by the EU’s new $5.7 billion Scaleup Europe fund. New investors included Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, Regent, and the World Innovation Lab.

Lovable last raised $330 million at a $6.6 billion valuation with its Series B round in December 2025.

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source & further reading
thestack.technology — original article IBM finds a neocloud cash injection with $240m Together AI deal Tencent researchers say they can create agent training tasks for $0.05 Life of a neocloud: CoreWeave doubles both revenue and net loss in Q2, as debt hits $35B
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