Stockholm-based AI application platform Lovable has secured $400 million in a Series C funding round, pushing its valuation to $13.3 billion just eight months after hitting a $6.6 billion milestone, according to reports by TechCrunch and TechRepublic. The round was co-led by Menlo Ventures and the Scaleup Europe Fund, an EU-backed investment vehicle overseen by EQT, with participation from more than a dozen other investors including Balderton Capital, World Innovation Lab, and Tencent.
The fresh capital arrives as the company scales its operations amid soaring corporate interest in vibe-coding, a method that allows non-technical employees to build software applications through natural-language prompts. According to company figures reported by TechRepublic, Lovable is nearing a $600 million annual revenue run rate and plans to expand its workforce by 50% to approximately 450 employees this year.
As enterprise adoption accelerates, major corporations including Nvidia, Adidas, Hearst, and Zendesk are utilizing Lovable’s platform to transition AI-built applications from experimental tools into everyday business workflows, as reported by TechRepublic. Nvidia uses the platform to create customized software that helps team leaders track projects and delivery schedules.
Rapid Valuation Growth and Enterprise Traction
Lovable’s valuation has more than doubled from its $330 million Series B round announced in December, which was also led by Menlo Ventures alongside co-lead CapitalG, as detailed by TechCrunch and TechRepublic. During that same timeframe, the startup’s revenue run rate has nearly tripled from the $500 million annualized run rate reported in June, according to TechCrunch data.
The platform enables users to generate complete front ends, back ends, databases, authentication systems, and third-party integrations by describing their requirements. Generated code remains accessible for manual review or direct export to GitHub. Beyond everyday productivity tools, the company markets its platform for internal tools and production applications built by product managers, designers, and marketing professionals working alongside traditional engineering teams.
Market interest in the sector remains high across the tech industry. Replit secured a $9 billion valuation in March, while SpaceX agreed to acquire Cursor parent company Anysphere for $60 billion in June, according to market data cited by TechRepublic.
Infrastructure Scale and Security Governance
To support its surging user base, which hosts 60 million projects attracting 900 million monthly visitors according to Winzheng, Lovable has deepened its technical infrastructure. The startup offers its own in-house trained AI model alongside standard frontier model options, and signed a multiyear agreement with Google Cloud in June that increased its cloud usage fivefold, as reported by Winzheng. Additionally, the company has backed other European tech ventures, including Danish startup Atech, which builds vibe-coding software designed for tech hardware development.
This massive influx of user-generated software presents new challenges for corporate IT departments. To address security and governance concerns, Lovable provides enterprise features including single sign-on (SSO), SAML authentication, role-based access controls, System for Cross-domain Identity Management (SCIM) provisioning, audit logs, and GitHub integration.
Administrators utilize the company’s Workspace Insights tool to maintain an inventory of projects and published applications. The dashboard tracks project ownership, personally identifiable information (PII), security findings, publishing status, authentication providers, and database row-level security settings across workspaces that can expand to thousands of individual projects.
Industry observers note that as enterprise workspaces grow, AI application builders function less like isolated productivity gadgets and more like core components of an organization’s software estate. IT teams adopting these platforms must establish clear policies governing who can build and publish applications, what company data those applications can access, and who retains ultimate responsibility for maintaining deployed software.
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