Lovable Raises $400M at $13.3B Valuation as Revenue and Traffic Surge
Lovable raises $400 million at a $13.3 billion valuation after hitting $500 million ARR, with 60 million projects and 900 million monthly visitors now.
Summary
Lovable confirmed earlier reports on August 12, 2026, raising $400 million at a $13.3 billion valuation. Menlo Ventures and the Scaleup Europe Fund led the Series C, joined by more than a dozen investors. Menlo also led Lovable’s December round, when the startup raised $330 million at a $6.6 billion valuation, with CapitalG as co-lead. New investor Regent owns TechCrunch, which disclosed the relationship.
Lovable reached $500 million in annualized run rate revenue in June and now hosts 60 million projects attracting 900 million monthly visitors. The growth has increased its backend capacity and technical requirements. Lovable offers an internally trained AI model alongside frontier models, and in June signed a multiyear Google Cloud agreement increasing usage fivefold. It has also backed Danish startup Atech, which develops vibe-coding software for designing technology hardware.
Positives
- The $400 million Series C values Lovable at $13.3 billion, up from $6.6 billion in December.
- Lovable reached $500 million in annualized run rate revenue in June.
- The platform hosts 60 million projects that collectively attract 900 million visitors each month.
- June’s multiyear Google Cloud agreement supports a fivefold increase in usage.
- Lovable offers its own trained AI model alongside frontier model options.
- Lovable has backed Atech, a Danish startup applying vibe coding to technology hardware design.
Risks & concerns
- Lovable says rapid growth has increased both its backend capacity requirements and technical complexity.
- The Google Cloud agreement increases usage fivefold, making infrastructure expansion a substantial operational commitment.
- Series C investor Regent also owns TechCrunch, a relationship the publisher disclosed in its coverage.
