Lovable raises $400M at $13.3B valuation, eyes $600M revenue run rate
What's the deal? Stockholm-based AI startup Lovable has raised $400 million at a $13.3 billion valuation, in a round co-led by Menlo Ventures and the European CommissionDealroom has a profile for this one. Try Dealroom →'s Scaleup Europe FundDealroom has a profile for this one. Try Dealroom →. Backers also include Balderton Capital, World Innovation LabDealroom has a profile for this one. Try Dealroom →, and Tencent.
From prompts to products. Launched in November 2024, Lovable lets users build software and web applications with everyday language rather than traditional code. The platform is used for tools across functions including human resources, sales and finance. Chief executive and co-founder Anton OsikaDealroom has a profile for this one. Try Dealroom → said some founders now run their entire businesses on software built with Lovable.
By the numbers. Lovable is on track for a revenue run rate near $600 million by the end of August 2026 — nearly triple the level disclosed in December 2025. The new valuation is more than double the $6.6 billion mark set by the company's $330 million Series B in December. Its customers include Nvidia, AdidasDealroom has a profile for this one. Try Dealroom →, HearstDealroom has a profile for this one. Try Dealroom →, and Zendesk.
Where the money is going. The company plans to expand its workforce by 50% to 450 employees in 2026 across offices in Europe and the United States. It also plans to grow in regions such as Latin America, add security features and improve reliability as customers use the platform for more operational software.
The enterprise test. The rise of AI-built internal applications has fuelled concern about a possible “SaaSpocalypse” for established business-software companies. Zendesk, which uses Lovable, does not view it as a direct threat: a company executive said Lovable cannot yet provide the reliability at scale needed to manage customer requests across different channels.
The competitive field. Lovable is competing with platforms such as Replit, which reached a $9 billion valuation in March 2026. Following this round, Lovable becomes Menlo Ventures' largest single investment after Anthropic, according to the firm.
The European question. The investment is also an early test for the Scaleup Europe Fund, managed by EQTDealroom has a profile for this one. Try Dealroom →. Its goal is not only to finance European startups, but to help persuade them to remain in the region rather than relocate to the United States as they scale.
The signal. Lovable's rapid climb from a November 2024 launch to a $13.3 billion valuation reflects investor appetite for tools that turn plain-language instructions into working software — while its next challenge is proving that those tools can meet the reliability demands of large organisations.
Read more: The Wall Street Journal
