Swedish coding startup Lovable has secured $400 million in Series C funding, valuing the company at $13.3 billion. This represents a significant increase from its previous valuation of $6.6 billion just last December. The funding round was led by Menlo Ventures and co-led by the Europe Scaleup Fund, with participation from numerous other international investors. Lovable's platform enables individuals with minimal programming experience to create applications using simple prompts, and its technology now powers apps with 900 million monthly visits. AI
IMPACT Accelerates the trend of low-code/no-code AI development platforms, potentially lowering the barrier to entry for app creation.
RANK_REASON Significant funding round for a rapidly growing AI-adjacent company. [lever_c_demoted from significant: ic=1 ai=0.7]
- Accel
- Adidas
- Balderton Capital
- Capital G
- Carmignac
- Deutsche Telekom
- European Commission
- Europe Scaleup Fund
- Google Workspace
- Kaszek Ventures
- Lovable
- LTS Growth
- Menlo Ventures
- Microsoft 365
- Nvidia
- Regent
- Salesforce Ventures
- Tencent
- World Innovation Lab
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