Lovable raises $400M at $13.3B valuation to let anyone build software
AI coding startup Lovable raised $400M at $13.3B valuation up from $6.6B in 2025
Lovable, the AI-powered software creation platform, announced a $400 million Series C round led by Menlo Ventures and EQT's Scaleup Europe Fund, valuing the company at $13.3 billion. Since launching in November 2024, users have created over 60 million projects, and Lovable-built apps see 900 million monthly visits. The funding will accelerate product development, expand integrations, and grow the team to 450 people, as Lovable aims to become the go-to platform for building and running businesses.
What started as a faster way to prototype has become an important tool for building internal products that support how our teams work.
- sailfast
I’ve never heard of this company. Maybe that’s because I build software for a living.
How many years of insane growth would it take to pay back $400M at this rate?
What. Is. Happening?!
$13.3B valuation? They mention Adidas, Nvidia, etc but their “favorite” use cases are toy apps inside smaller firms.
The play here has to be “our model of building companies via agent workflows and websites is the best” otherwise TAM numbers are just nutty. Smoke it while you got it I guess and congrats on the raise!
- asdev
This is just a bet that the models will get better and that all the half baked never seen production Lovable apps will be able to be brought life because of that. I am fading that bet personally and am bearish on non technical people building software
- hudn33
This is crazy. Do people still use Lovable, I know they were super popular before Codex/Claude Code, but since then, I feel most people (even non-engineers from what I seen) have moved to these tools. Is Lovable still the easiest way to get an site/app going?
And as a side note, what are people's thought on the best coding agent for frontend dev?
- cm11
I interviewed with a startup that I thought I was a pretty good fit for. I'd had the same role at a company that did the same thing they were doing just three years ahead of them. That led to fairly nuanced interviews with each interviewer because I was familiar with their projects and more generally had a sense of what their roadmap looked like. And that put me into a final presentation interview with a bigger group that included the CEO/founders pretty quickly.
Towards the end, after others had asked questions, the CEO asked how I was using AI and about the tools I was using. I mentioned using Claude Code to quickly build basic prototypes of my first few stabs to rule them in/out/iterate. I thought this was a pretty good answer in the situation—Claude Code was pretty new at the time, I really had been using it this way, and I thought it was good for a large meeting with a broad set of people where I probably can't get too detailed. I'm not sure she paid much attention, but followed up with "Do you know what Lovable is?" I hadn't. She said something along the lines of "I'm not sure exactly, but it seems to be what all the cool kids are using."
Anyways, afterward I looked it up, and I was kind of bummed because I felt I was using the more advanced method (for the situation), but the CEO didn't know it, and I likely came off as behind.
- jbdamask
Enterprises need a solution like Lovable or Replit if only for the one-touch deployments. Unfortunately, neither tool is there.
I don't know what's taking Anthropic, OpenAI, Google, Microsoft, even AWS to build deployments themselves. There are only a handful of reference architectures for vibe-coded apps.
- edoceo
Wonder of any of the early money got out. Very little visibility to the secondary market on these things. I remember back in dot-com days folk would take leverage on their unrealized gains. Didn't work out that well. Selling at small discount in the secondary, which was mocked, turned out to be a good play.
Seems lots of the market for tools like this is un-moat-able. Hopefully someone smarter than me shares their experience with that.
- navaed01
There are a lot of people with domain expertise or know a workflow in their own business so well they know exactly what a solution looks like. And AI can build a solution today or will be able to in the near future - I have been blown away for example, by how lawyers are using AI to automate real work. I’ve seen it with my own eyes. Even if it’s not perfect and does not scale to 1bn users.
I wouldn’t under estimate the potential here.
I am less bullish on this idea that every peeps will have ideas for great things to build
- bix6
I read the announcement honestly sounds like they are doing some cool things.
A year ago they had 180k paying customers. If we generously put them all on biz at $50/mo that’s $9M/mo or $108M/yr. Pro gives half that. They say now they have $500M run rate. So 5x+ growth in a year? Nice.