Lovable now aims to expand on its product and infrastructure, and wants to hire across offices globally.
AI vibe-coding start-up Lovable has tapped fresh funding from Scaleup Europe Fund and China’s Tencent in a round that values the Swedish company at $13.3bn.
The $400m Series C round was led by Menlo Ventures and co-led by the $5bn EQT-run EU fund. The raise doubles Lovable’s $6.6bn valuation from last December after a $330m Series B raise, also led by Menlo.
With big backers from across the world, including Balderton Capital, Europe’s Carmignac, World Innovation Lab, Accel, HubSpot and Salesforce, Lovable now aims to expand on its product, infrastructure and team as it looks to challenge the likes of ChatGPT and Claude.
Lovable enables users to build apps and websites using AI. Since its launch in late 2024, users have created more than 60m projects using its tools, the company said. In recent months, it has integrated payment functionalities and other features into its tools to help users monetise building using Lovable.
