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Lovable confirms new $13.3B valuation, raises another $400M

This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch.

Lovable confirms new $13.3B valuation, raises another $400M

TL;DR

  • Lovable raised $400 million in a Series C round, achieving a $13.3 billion valuation.
  • The funding round was led by Menlo Ventures and the Scaleup Europe Fund.
  • Lovable reported $500 million in annualized run rate revenue as of June.
  • The startup hosts 60 million projects and attracts 900 million monthly visitors.
  • Lovable offers in-house trained AI models and has a multiyear deal with Google Cloud.
  • Regent, an investment firm that owns TechCrunch, is among the new investors.

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