AI Startup Lovable Raises $400 Million at $13.3 Billion Valuation
Swedish AI startup Lovable has completed a $400 million funding round, reaching a valuation of $13.3 billion. This marks a significant increase from the $6.6 billion valuation recorded in December of last year.
Swedish artificial intelligence startup Lovable has completed a massive funding round of $400 million, bringing the company's valuation to $13.3 billion. This represents a rapid jump in value from the $6.6 billion recorded during the previous funding round last December. The current round reflects intense investor interest in the field of AI-driven software development.
Major Investors and Revenue Growth
This Series C funding round was led by the venture capital firm Menlo Ventures alongside the Scale-Up Europe fund, managed by EQT. The funding comes amid rapid expansion for the Stockholm-based company. According to founder and CEO Anton Osika, the startup's annual recurring revenue (ARR) has nearly tripled since last December, demonstrating an exceptional growth trajectory in the global tech market.
In March, the company revealed that its ARR had reached $400 million. This figure highlights a sharp increase compared to previous months, as the revenue rate stood at $300 million in February and just $200 million at the end of 2025. This monthly growth rate underscores the strong demand for the company's services.
Millions of Projects in Months
The Lovable service enables users to build software using natural language prompts. In a blog post published on Wednesday, the company revealed that since its launch in November 2024, users worldwide have created over 60 million different projects on its platform.
This funding round positions Lovable as one of the fastest-growing companies in the AI and software development sector. With a $13.3 billion valuation and consistently climbing monthly revenue, the Swedish firm is showing exceptionally strong performance in the global market.
