Lovable raises $400M Series C at $13.3B valuation, led by Menlo Ventures and EQT's fund
- Raised
- $400M
- Valuation · +102% vs Series B
- $13B
- Lead investors
- Menlo Ventures
- Place in VP50
- #44
What happened
Lovable announced a $400M Series C on August 12, 2026, at a valuation of $13.3B. Menlo Ventures led the round, and the Scaleup Europe Fund, managed by EQT, co-led it. Lovable said new investors included Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent, and returning investors included Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures. TechCrunch noted that Regent also owns TechCrunch. None of the sources mentioned a secondary component.
The previous round, announced in December 2025, raised $330 million at a $6.6 billion valuation, according to TechCrunch and Reuters. TechCrunch reported that Lovable told it annualized run rate revenue hit $500 million in June. Reuters, citing the company, reported that annual recurring revenue had nearly tripled from $200 million and was tracking toward $600 million by the end of August. Lovable's own post did not disclose revenue or tie the funding to specific uses. It said the new capital would let the company move faster on the product, infrastructure and team needed for its mission, and that it planned to grow to roughly 450 team members this year.
Key points
- Lovable raised a $400M Series C at a $13.3B valuation, announced August 12, 2026.123
- Menlo Ventures led and the EQT-managed Scaleup Europe Fund co-led; Tencent and Balderton Capital were among the new investors.13
- The December 2025 round raised $330 million at a $6.6 billion valuation.23
- TechCrunch reported $500 million in annualized run rate revenue in June; Reuters reported ARR tracking toward $600 million by the end of August.23
- Lovable said it plans to grow to roughly 450 team members this year.13
Why it matters
The $13.3 billion valuation compares with $6.6 billion in the December 2025 round as reported by TechCrunch and Reuters, which gives a direct reference for the new mark.
The outlets give revenue on different bases: a $500 million annualized run rate in June (TechCrunch) and ARR tracking toward $600 million by the end of August (Reuters). Both figures come from the company and are not reconciled in the sources.
None of the sources mentions a secondary sale, so the round sets a price for new shares without a stated route for existing holders to cash out.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series A | Jul 17, 2025 | $1.8B | $200M | Accel |
| Series B | Dec 18, 2025 | $6.6B | $330M | CapitalG and Menlo Ventures |
| Series C | Aug 12, 2026 | $13B | $400M | Menlo Ventures and Scaleup Europe Fund |
Updated
Fact-check
- Lovable announced a $400M Series C at a $13.3B valuation on August 12, 2026.Confirmed by [1] Lovable (post dated August 12, 2026), [2] TechCrunch and [3] Reuters via Yahoo Finance: all state $400M at a $13.3B valuation.Verified
- Menlo Ventures led and the EQT-managed Scaleup Europe Fund co-led the round; new and returning investors as listed.Confirmed by [1] Lovable, which names the lead, co-lead and both investor lists; [3] Reuters via Yahoo Finance describes both funds as lead investors and names Tencent and Balderton Capital as new investors. [2] TechCrunch notes that Regent owns TechCrunch.Verified
- The previous round, announced in December 2025, raised $330 million at a $6.6 billion valuation.Confirmed by [2] TechCrunch and [3] Reuters via Yahoo Finance.Verified
- Lovable hit $500 million in annualized run rate revenue in June.Confirmed by [2] TechCrunch: reports that Lovable told it this figure.Verified
- Annual recurring revenue nearly tripled from $200 million and was tracking toward $600 million by the end of August.Confirmed by [3] Reuters via Yahoo Finance, which attributes the figures to the company; the $600 million is a projection. [1] Lovable does not disclose revenue.Verified
- Lovable plans to grow to roughly 450 team members this year, and the capital lets it move faster on product, infrastructure and team.Confirmed by [1] Lovable; [3] Reuters via Yahoo Finance also reports the roughly 450 team members.Verified
Sources
- [1]Lovable (opens in a new tab)We just raised $400M in Series C funding to help people run their businessesmove faster on the product, infrastructure, and team needed to deliver on our mission
- [2]TechCrunch (opens in a new tab)Lovable confirms new $13.3B valuation, raises another $400Mhit $500 million in annualized run rate revenue in June
- [3]Reuters via Yahoo Finance (opens in a new tab)Vibe-coding startup Lovable raises $400 million at $13.3 billion valuationtracking toward $600 million by the end of August
