Lovable Raises $400M Series C, Valuation Hits $13.3B

Stockholm-based AI coding startup Lovable secures $400M Series C led by Menlo Ventures and Scaleup Europe Fund, reaching $13.3B valuation with Tencent participation.

Woofun AI reports that Lovable, a Stockholm-based AI programming startup, has closed a $400 million Series C funding round, establishing a valuation of $13.3 billion. The round was co-led by Menlo Ventures and the EU-backed Scaleup Europe Fund, managed by EQT AB, with additional participation from Tencent Holdings and other venture capital firms across Latin America and Asia. Lovable intends to accelerate expansion in the AI-assisted programming sector to compete with established players such as Anthropic.