Today, we’re announcing that Lovable has raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. The round also welcomes Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States, broadening the group of investors backing Lovable’s global ambition. Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.
Lovable is building the software creation platform that gives those closest to a problem the power to solve it, a generational opportunity that spans billions of people all over the world. This investment moves Lovable closer to becoming the one place where people create new businesses and transform existing ones.
What we’ve been working on
For most people, turning an idea into software once required so much capital, technical fluency, and time that many ideas never came to life. Lovable’s first chapter was about changing that. Since Lovable’s launch in November 2024, people have created more than 60 million projects, and Lovable-built apps see over 900 million visits every month. Within its first year, Lovable reached employees at half of the Fortune 500; now, less than a year later, that figure has grown to nearly two-thirds.
Since our Series B in December 2025, we’ve been building features people need to reach customers, manage day-to-day operations, and run software securely. A few highlights include:
For many builders, the product they create with Lovable is becoming the business itself. User survey data shows us that nearly 8 in 10 are building a business or side project they hope to monetize, and more than one-third of those are already earning revenue.
Inside established companies like Adidas, NVIDIA, and Deutsche Telekom, teams are using Lovable to create software around critical workflows, replace tools that no longer serve them, and turn promising internal projects into new products and revenue streams.
A few of our favorite stories:
- WNTD [United Kingdom]: Lex Deak, a serial founder with 25+ years experience, built fashion discovery app WNTD using Lovable — saving £25-30K every month, onboarding hundreds of thousands of customers, and closing a £3M funding round.
- Viver de IA [Brazil]: Rafael Milagre built the systems behind his AI education company with Lovable, including its CRM, finance tools, website, and AI SDR workflows. The 54-person company serves more than 1,200 clients and is on track for R$100 million in revenue this year.
- Nursa [United States]: Nursa’s VP of Product, Nenad Ivanovic, built Nursa Study, a new enterprise product for nursing schools, in a single weekend with Lovable. The company has since rolled Lovable out across its 200+ employees, rebuilt its core platform 12x faster, and is in the process of retiring 10 SaaS systems as teams build their own tools.
In our customers’ own words:
Jorge Luthe, Senior Director of Product, Zendesk:
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.
Veronika Zatulovskaya, VP of Marketing, Handshake:
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.
Luca Bonmassar, CTO, Checkr:
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.
Nico Wittenberg, Founder, AVARA:
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.
What’s next
Lovable will move faster on the product, infrastructure, and team needed to deliver on our mission: to create a world where the people closest to a problem have the power to solve it.
We have three priorities that will shape what you see from Lovable next:
1. Make Lovable the best platform to build and run your business
Our product will become more proactive: understanding what people are trying to achieve, identifying what needs attention, and increasingly helping carry out the work without waiting to be prompted. Deeper integrations will connect Lovable more closely to an organization’s existing technology stack, allowing teams to build richer, more personalized dashboards and workflows across sales, operations, marketing, and beyond. We will also keep strengthening security, reliability, permissions, and governance so people can continue to trust the software that increasingly helps them operate their businesses.
2. Train the system on what success looks like
As millions of people build with Lovable, the system gets better at understanding which choices lead to stronger outcomes. Our goal is to understand not only whether products are built correctly, but whether they go on to create meaningful outcomes, such as generating revenue, improving a workflow, or helping a business grow. This compounding loop surfaces aggregate patterns, which helps us improve the experience for every builder. Each successful product makes the system smarter, and a smarter system helps more people succeed.
Lovable will continue to draw on the strengths of multiple models, matching each part of the work to the model best suited to handle it and bringing the results together into one seamless experience. We will also continue post-training promising open-source models, with the goal of making the Lovable experience increasingly personal to each person’s goals, context, and way of working. As the AI ecosystem advances, Lovable will turn breakthroughs into better outcomes for the people and businesses building with us.
3. Assemble generational talent to build what is next
Exceptional products are downstream of exceptional people. We plan to grow to roughly 450 team members this year, hiring most heavily in machine learning, product, infrastructure, and security roles. We will keep our center of gravity in Stockholm while expanding in London, Boston, San Francisco, and New York. We are relentless in recruiting the world’s best talent to make Lovable a beloved, enduring product for our customers and build a generational company with deep European roots and extensive global reach.
The lead investors backing Lovable’s next chapter
Menlo Ventures has backed some of the most consequential companies of the AI era, and their decision to deepen their commitment reflects a conviction that Lovable will be an enduring force in what comes next. EQT has chosen Lovable among its first investments of the Scaleup Europe Fund, placing us at the heart of a new effort to help Europe’s most ambitious companies become global leaders. Together, their support in leading this round speaks to what this team has delivered, the scale of the opportunity ahead, and our ambition to build a generational technology company from Europe.
In their own words:
Matt Murphy, Partner, Menlo Ventures:
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.
Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund:
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.
The next generation of software will come from more founders, more places, and more teams inside companies who understand the problem firsthand. Lovable is creating a new category of possibilities for billions of people with ideas worth pursuing and problems worth solving.
If you want to help shape how software gets built, join us. And if there’s a product, internal tool, or business you believe should exist, start building it with Lovable.