Lovable Raises $400 Million in Series C Funding
Software creation platform Lovable has secured $400 million in Series C funding at a $13.3 billion valuation. The round was led by Menlo Ventures and EQT's Scaleup Europe Fund.
Lovable, a Stockholm-based software creation platform, has announced the closing of a $400 million Series C funding round, valuing the company at $13.3 billion.
The financing was led by Menlo Ventures and co-led by EQT's Scaleup Europe Fund. New investors participating in the round include Tencent, Balderton Capital, and Kaszek Ventures, among others.
Lovable offers tools enabling users to build software and business applications without extensive traditional programming knowledge. Since its launch in November 2024, the platform has facilitated the creation of over 60 million projects, with Lovable-built applications reportedly receiving more than 900 million visits monthly.
The investment highlights the growing market for low-code and no-code development tools, as businesses increasingly seek to accelerate digital transformation and enhance operational agility.