Lovable has confirmed a major new financing round, putting fresh capital behind one of Europe’s most closely watched vibe-coding startups. The company said on Wednesday that it raised $400 million in a Series C round at a $13.3 billion valuation.
The round was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors also taking part. The announcement confirms earlier reports that Lovable was preparing another large raise.
A fast jump in valuation
The new $13.3 billion valuation marks a sharp rise from Lovable’s previous funding round. In December, the company announced a $330 million round at a $6.6 billion valuation, led by Menlo Ventures with CapitalG as co-lead.
This latest financing effectively places Lovable in a much larger category of private technology companies. The numbers also show how quickly investor expectations around vibe-coding tools have moved as the startup’s usage and revenue have expanded.
Lovable told TechCrunch that it reached $500 million in annualized run rate revenue in June. That figure gives important context for the new Series C: the raise is not only about future ambition, but also about a business that says it has already reached significant revenue scale.
Usage is driving infrastructure demands
Lovable says it now hosts 60 million projects that attract 900 million monthly visitors. That scale changes the technical problem the company has to solve. A product that supports millions of projects and hundreds of millions of visits each month needs more than a simple application layer; it needs durable backend capacity, model access, and systems that can support heavy usage.
The company says its backend needs and sophistication have grown alongside that usage. One example is its own in-house trained AI model. Lovable also offers the usual frontier model options, giving users access to external advanced models while also building internal AI capability.
That combination matters because vibe-coding products sit at the intersection of user-facing software, AI generation, hosting, and deployment. As more users create and launch projects, the platform has to handle both the generation workflow and the traffic that follows.
Google Cloud becomes a bigger part of the stack
In June, Lovable signed a multiyear deal with Google Cloud. The agreement represented a fivefold increase in usage, according to the source article.
For a company hosting 60 million projects, cloud infrastructure is not a background detail. It is part of the product’s ability to scale. More compute, storage, and backend capacity can become necessary as a vibe-coding platform moves from experimentation into heavier production use.
The Google Cloud deal also fits with Lovable’s broader push toward more sophisticated infrastructure. The company is not only offering access to frontier model options; it is also investing in its own in-house trained AI model and the systems required to support a large base of projects and visitors.
Lovable’s role in Europe’s AI startup scene
Lovable is described as Europe’s favorite vibe-coding startup, and its funding activity reflects the attention around AI-assisted software creation. The company’s growth is not limited to its own product, either. It has backed other European startups, including Atech, which is building vibe-coding software that designs tech hardware.
That detail points to a wider market forming around vibe coding. The core idea is not only to generate websites or applications faster, but to expand the kinds of technical work that software can assist. In Atech’s case, the focus is software that designs tech hardware.
Still, the most concrete story is Lovable’s own acceleration. A $400 million Series C, a $13.3 billion valuation, $500 million in annualized run rate revenue, 60 million hosted projects, and 900 million monthly visitors together describe a startup moving at unusual speed.
Investor note
The source article notes that one of Lovable’s new Series C investors is Regent, the investment firm that also owns TechCrunch.
For readers tracking the round, the main takeaway is straightforward: Lovable has converted rapid revenue growth and large-scale usage into another major financing event. Its next challenge is turning that capital, infrastructure, and model strategy into a platform that can keep pace with the demand it has already created.