Lovable announced on August 12, 2026 that it raised $400 million in Series C funding at a $13.3 billion valuation. Menlo Ventures led, with the Scaleup Europe Fund managed by EQT as co-lead.

New investors include Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States. Returning investors named in the post include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.

From prototypes to operating businesses

Lovable said people have created more than 60 million projects since its November 2024 launch, and that Lovable-built apps see more than 900 million visits each month. Reach inside large companies moved from half of the Fortune 500 in the first year to nearly two-thirds. Since its December 2025 Series B, the company added payments, SEO and AI-search tools, deeper SaaS integrations, security scanning, AIUC-1 certification, and governance features for published apps.

EQT partner Victor Englesson said Lovable is among the Scaleup Europe Fund’s first investments, framed as helping European technology companies become global leaders. Lovable plans to grow to roughly 450 employees this year while keeping its center of gravity in Stockholm and expanding in London, Boston, San Francisco, and New York.

Decoded Take

Lovable is no longer selling “chat to app.” It is selling a path to run a business on generated software, which raises the bar on security, payments, and governance. European co-lead capital is a political and commercial signal as much as a financing one: Brussels and Europe’s growth funds want global category winners based in Europe. Watch whether enterprise IT departments standardize on Lovable for internal tools, or whether security and change-control friction keep it in marketing and prototype lanes.