Lovable raises $400 million at $13.3 billion valuation as projects reach 60 million

Menlo Ventures led the Series C round, with EQT’s Scaleup Europe Fund as co-lead, as the AI software company targets deeper integrations, security and business operations

Lovable Co-founder Anton Osika said the Series C round creates new accountability for the AI software company

Lovable has raised $400 million in Series C funding at a $13.3 billion valuation, giving the Stockholm-centered AI software creation company new capital to expand its platform for building and operating businesses.

Menlo Ventures led the round, with the Scaleup Europe Fund, managed by EQT, serving as co-lead. New investors include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent.

Returning backers include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures.

Lovable allows founders, employees and other users to create applications and internal software. Since the platform’s launch in November 2024, more than 60 million projects have been created, according to figures published by the company. Lovable-built applications now receive more than 900 million visits each month.

Projects and traffic rise after Series B

In a LinkedIn post, Lovable Co-founder Anton Osika presented the new investment as a test of whether the company delivers on its commitments: “For me, the most important part of a funding announcement is the accountability that comes with it.”

Since Lovable’s Series B in December 2025, its project count has increased from 25 million to 60 million, while monthly visits to products built on the platform have risen from 200 million to 900 million. Osika said annual recurring revenue had nearly tripled over eight months, although Lovable did not disclose its starting or current ARR.

The company says its platform reached employees at half of the Fortune 500 within its first year. That figure has since increased to nearly two-thirds.

User survey data supplied by Lovable indicates that almost eight in 10 respondents are building a business or side project they hope to monetize. More than one-third of that group said they were already earning revenue. The company did not disclose the survey’s sample size or methodology.

Established companies including Adidas, NVIDIA and Deutsche Telekom are using the platform to create internal software, replace existing tools and develop new products, according to Lovable.

Nursing education and training tools built on Lovable

The company highlighted two education-related users among its customer examples.

US healthcare workforce platform Nursa used Lovable to create Nursa Study, an enterprise product for nursing schools. Lovable says Nursa’s Vice President of Product, Nenad Ivanovic, built the initial product in one weekend.

Nursa has since made Lovable available to more than 200 employees and is in the process of retiring 10 software-as-a-service systems as teams create their own tools. The company also claims Nursa rebuilt its core platform 12 times faster, although no comparator was supplied.

In Brazil, AI education company Viver de IA has used Lovable to build its customer relationship management, finance, website and AI sales development representative workflows. The 54-person company serves more than 1,200 clients and is on course for R$100 million in revenue this year, according to the customer account published by Lovable.

Zendesk has also used the platform for internal training tools and a roadmap application, while Handshake has created resources including an onboarding experience and an internal AI hub.

Funding targets integrations, security and hiring

Since its Series B, Lovable has added payment functionality, search engine optimization and AI search tools, along with integrations for Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs.

Security additions include automatic and scheduled scanning, governance and visibility controls, and trust centers for publicly published applications. The company has also received AIUC-1 certification, which it describes as the first security standard for AI agents.

Lovable now plans to make the platform more proactive, allowing it to identify tasks requiring attention and increasingly carry out work without waiting for a prompt. Further integrations are intended to connect software built through Lovable with sales, operations, marketing and other business systems.

The company says it will remain model-independent, selecting different AI models for individual tasks and continuing to post-train open-source models.

Lovable plans to grow to approximately 450 employees this year, with recruitment focused on machine learning, product, infrastructure and security. It will retain its center of operations in Stockholm while expanding its presence in London, Boston, San Francisco and New York.