Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding

• Lovable doubled its valuation to $13.3 billion in a new $400 million funding round.
• The AI coding startup hit $400 million in ARR in March, up from $200 million at the end of 2025.
• Lovable says 60 million projects have been built on its platform since launching in November 2024.

AI software-building startup Lovable has raised $400 million at a $13.3 billion valuation, more than double the $6.6 billion valuation it received in its December funding round.

Menlo Ventures led the Series C alongside EQT-managed Scaleup Europe Fund in the latest sign of investor appetite for vibe-coding startups.

The Stockholm-based company’s annual recurring revenue has nearly tripled since December, cofounder and CEO Anton Osika said.

Lovable disclosed in March that it had reached $400 million in annual recurring revenue, up from $300 million a month earlier and $200 million at the end of 2025.

In a blog post on Wednesday, Lovable, which helps users build software through natural-language prompts, said more than 60 million projects have been created on its platform since its launch in November 2024.

This is a developing story. Check back for updates.