Swedish vibe-coding startup Lovable has raised $400m in new funding, at a $13.3bn valuation, more than double its valuation at its last funding round, in a round which was co-led by Europe’s new €5bn investment fund. Lovable, one of Europe’s most prominent startups, has raised a Series C round which was co-led by Silicon Valley investor Menlo Ventures and the Scaleup Europe Fund, managed by EQT.
The new funding is more than double Lovable’s December 2025 $6.6bn valuation when it raised $330m. Other investors in the round include Europe’s Balderton Capital and Carmignac, Latin America-based Kaszek Ventures and LTS Growth, Asia’s Tencent and World Innovation Lab and US-based investor Regent.
Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. Looking ahead, Lovable, which launched in 2024, which allows non-coders to build software, in a practice that is called vibe-coding, said it will continue to leverage multiple AI models to power its tech amid concern about token expense paid out to AI labs from startups like Lovable.
It said: “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.”
