Lovable, the Stockholm-born AI software creation platform, just closed a $400 million Series C at a $13.3 billion valuation. That is not a typo. A company that launched in November 2024 is now worth more than most publicly traded software firms, and it got there by doing something deceptively simple: letting people describe what they want and handing them a working app.
The numbers behind the hype
The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT. The investor list reads like a who's-who of global venture capital:
- Europe: Balderton Capital, Carmignac
- Latin America: Kaszek Ventures, LTS Growth
- Asia: Tencent, World Innovation Lab
- United States: Regent
- Returning: Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, Salesforce Ventures
Since launching in November 2024, people have created more than 60 million projects on Lovable, 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. Those are not vanity metrics -- they are the kind of adoption curves that justify a $13.3B price tag.
From prototype tool to business operating system
The original pitch was simple: skip the engineering team, describe your app, ship it. That chapter is now closed. Since the Series B in December 2025, Lovable has added payment functionality, SEO and AI-search tools, deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs, automatic security scanning, AIUC-1 certification (the first security standard for AI agents), and governance features including publishing controls and workspace insights.