Lovable, the rapidly growing software creation platform, announced the successful closure of a $400 million Series C funding round. The investment brings the company’s valuation to $13.3 billion. The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT.
It is a huge achievement for Lovable in its quest to democratize software development. This money will be used to boost innovation, improve infrastructure, and help expand talent globally.
In addition, the investment round included some diverse set of investors coming from around the globe. These include Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, as well as Regent from the United States. Among the existing investors in the company were Accel, Antler, CapitalG, DST Global, Evantic Capital, Hubspot Ventures, and Salesforce Ventures.
Scaling Rapidly: A New Standard for Software Creation
Since its market debut in November 2024, Lovable has positioned itself as an essential tool for business transformation. The platform reports that its users have initiated over 60 million projects, with applications built on the platform generating more than 900 million monthly visits. Adoption has been particularly robust within the enterprise sector; nearly two-thirds of Fortune 500 companies now have active users on the platform.
The company’s product roadmap has focused on utility, security, and integration since its Series B round in December 2025. Key advancements include:
- Financial and Operational Tools: Payment capabilities implemented to facilitate monetization.
- Improved Searchability: SEO tools and AI search features employed.
- Stronger Integrations: Improved integration capabilities with major enterprise software suites such as Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs.
- Security and Governance: Automated security scans, AIUC-1 security certification (first security standard for AI agents), and workspace insights to help manage enterprise applications.
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Real-World Business Impact
It has been seen that many of the users on Lovable are using the platform to start businesses sustainably, as 8 out of 10 users are building their projects in such a way that they could earn from it and one-third of them have started earning through this platform. The experts in the domain are using the platform to solve workflow issues for themselves and their businesses.
Several notable success stories highlight this versatility:
- WNTD: Serial founder Lex Deak utilized Lovable to build a fashion discovery application, successfully onboarding hundreds of thousands of customers and securing £3 million in funding while reducing operational costs by an estimated £25-30K monthly.
- Viver de IA: Under the leadership of Rafael Milagre, this 54-person company built its core ecosystem including CRM, finance, and AI workflows on Lovable, now supporting over 1,200 clients with projected revenues reaching R$100 million this year.
- Nursa: VP of Product Nenad Ivanovic developed “Nursa Study” over a single weekend. The company has since deployed Lovable across its 200+ employees, accelerating platform development by 12x and retiring 10 legacy SaaS tools.
Industry Perspectives on Lovable’s Growth
The platform continues to earn high praise from industry leaders who are reshaping their operational strategies through its tools:
“What started as a faster way to prototype has become an important tool for building internal products that support how our teams work. With Lovable, we’ve been able to build solutions tailored to our business needs, from internal training tools to a roadmap application that better fits our workflow and reduces reliance on expensive off-the-shelf software.” – Jorge Luthe, Senior Director of Product, Zendesk
“Lovable has changed how we think about building internal software. Instead of adding another tool to our marketing stack, our teams can quickly create whatever they need to solve problems a campaign planning tool, an onboarding experience, or an internal AI resource hub. This gives us more control over how we work and allows us to move faster.” Veronika Zatulovskaya, VP of Marketing, Handshake
“With Lovable, our teams are quickly able to build solutions themselves. Our operations team fixed an issue in their QA workflow and can now process 10x more reports. We also built an internal operating system that brings business reviews, roadmaps, OKRs, and project tracking into one place, so our largest org stays aligned and can move faster. Throughout our business, domain experts are building what they need, bespoke to their needs.” – Luca Bonmassar, CTO, Checkr
“I first had the idea for AVARA 14 years ago, but building it seemed impossible without millions in funding and a large engineering team. With Lovable, I was able to turn that idea into a real product all by myself. AVARA is now being used in more than 100 countries, and we’re building the travel experience I always believed should exist.” – Nico Wittenberg, Founder, AVARA
Strategic Priorities for the Future
Looking ahead, Lovable has outlined three core initiatives to solidify its market position:
- Proactive Automation of Business: The platform is moving towards becoming more proactive by understanding user needs and handling complicated workflows in sales, operations, and marketing without always needing manual inputs.
- Outcome-Based AI Training: The platform is being trained to understand the high-value outcomes, like revenue and better workflow management, making sure the platform improves the content creation process for all the builders.
- Global Talent Recruitment: Lovable intends to grow its team size to about 450 people in this year, including machine learning, infrastructure, and security. Despite retaining its hub at Stockholm, the company is also growing in cities like London, Boston, San Francisco, and New York.
Investor Commentary
The participation of high-caliber investors underscores the significant market confidence in Lovable’s trajectory.
“From the very start, Lovable was built for the billions of people with the creativity and knowledge to make something, but who had always been blocked by technical ability. That focus has created extraordinary growth, a product people love, and a market that expands every time someone becomes a founder or a company rethinks how software gets made. We believe Lovable is, and will continue to be, one of the most generational companies of the AI era.” – Matt Murphy, Partner, Menlo Ventures
“Anton, Fabian, and the Lovable team have built one of the most ambitious and fastest-growing AI companies we’ve seen. They prove that Europe has no shortage of exceptional founders. We’re excited to co-lead this investment in Lovable through the Scaleup Europe Fund, which reflects exactly why the Fund was established: to help Europe’s most ambitious technology companies become global leaders.” – Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund
