Lovable, a European startup focused on "vibe-coding," confirmed on Wednesday that it has raised $400 million in a Series C financing round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen additional investors participating.
The new financing follows Lovable reaching a $500 million annualized run-rate in June, the company told TechCrunch. Lovable’s previous round, announced in December, raised $330 million at a $6.6 billion valuation and was also led by Menlo Ventures with CapitalG as co-lead.
As the company has scaled, so have its infrastructure needs and technology sophistication. Lovable said it now hosts 60 million projects that attract 900 million monthly visitors. The startup offers a proprietary, in-house trained AI model alongside external frontier model options.
In June, Lovable signed a multiyear deal with Google Cloud, which the company said increased its usage fivefold. Lovable has also invested in other European startups, including Danish company Atech, which develops vibe-coding software for hardware design.
Note: one of the new Series C investors is Regent, an investment firm that is connected to the ownership of TechCrunch.
Why this matters
The round highlights continued investor confidence in Lovable as it scales revenue and user activity. The capital will support further infrastructure expansion, AI development, and the firm’s ongoing investments in other European startups.
Timeline and key figures
- New raise: $400 million (Series C), announced Wednesday
- Lead investors: Menlo Ventures, Scaleup Europe Fund
- Prior round (December): $330 million at $6.6 billion valuation
- Current valuation: $13.3 billion
- Revenue milestone: $500 million annualized run-rate (June)
- Platform scale: 60 million hosted projects, 900 million monthly visitors
- Technology: in-house AI model; multiyear Google Cloud deal (5x usage increase)
- Investment activity: investments in European startups, including Atech
- Note on investors: Regent is among the new Series C backers and has ties to TechCrunch ownership.
