Lovable Secures $400M Series C, Valuation Doubles to $13.3 Billion
The AI-powered software development platform Lovable has closed a $400 million Series C funding round. Menlo Ventures led the investment, with participation from EQT's Scaleup Europe Fund as a co-lead. This round propels Lovable's valuation to $13.3 billion, doubling the $6.6 billion figure from its previous round just last December.
Explosive Revenue Growth Fuels Investor Confidence
Anton Osika, Lovable's co-founder and CEO, highlighted the company's financial momentum. Annual recurring revenue has grown nearly threefold since December. Recent disclosures show ARR reached $400 million in March, up from $300 million a month prior and $200 million at the end of 2025. This rapid scaling underscores the platform's market traction.
Democratizing Development Through Natural Language
Lovable's core offering enables users to build software using simple natural language prompts, significantly lowering the technical barrier to creation. Since its launch in November 2024, the platform has been used to generate over 60 million projects, demonstrating substantial user adoption and activity.
Implications for the Future of Software Development
The substantial funding and valuation leap signal strong investor belief in the AI-driven development tools space. Lovable's growth trajectory points to a broader shift where AI is accelerating the democratization of software creation. The investment likely bets on the platform's potential to reshape how software is built through intuitive, natural language interfaces.