Menlo Ventures and the EQT-managed Scaleup Europe Fund co-led the round. Tencent, Balderton Capital and other new investors from Europe, Latin America and Asia also participated.

Lovable unveils Series C funding, Cerebras partnership, and new capabilities in buildout of its AI-powered web application development platform.

Lovable raised $400 million at a $13.3 billion valuation after its ARR nearly tripled in eight months.