tech
Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding
Lovable raised $400 million at a $13.3 billion valuation after its ARR nearly tripled in eight months.
TL;DR
- Lovable raised $400 million, reaching a $13.3 billion valuation.
- The valuation is more than double its December funding round valuation of $6.6 billion.
- Menlo Ventures and EQT-managed Scaleup Europe Fund led the Series C funding.
- The company's annual recurring revenue (ARR) has nearly tripled since December.
- Lovable disclosed in March that it had reached $400 million in ARR.
- Over 60 million projects have been created on its platform since its launch in November 2024.