🚀Lovable Raises $400M at $13B Valuation
Lovable's massive round signals its dominance in the low-code space
TL;DR
Lovable, a software creation platform, has raised $400 million at a $13.3 billion valuation. The company aims to empower users closest to problems with solutions and is expanding its reach in major markets.
Lovable has secured a whopping $400M Series C funding round at a $13.3B valuation, led by Menlo Ventures and co-led by Scaleup Europe Fund. This influx of cash means Lovable can accelerate development on features that help businesses run more efficiently, like payment functionality and deeper integrations with Google Workspace, Microsoft 365, Salesforce, Stripe, and ElevenLabs. Since its launch in November 2024, the platform has seen over 900 million monthly visits to apps built by users creating projects at a rate of 60 million per month. If you're an enterprise looking to streamline operations or build internal tools, Lovable's rapid growth and feature set make it a serious contender.
Key Points
Led by Menlo Ventures, Lovable's Series C round includes investments from Scaleup Europe Fund, Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent.
Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures, showing continued confidence in Lovable's growth potential.
Since its launch in November 2024, Lovable has seen over 900 million monthly visits to apps built by users creating projects at a rate of 60 million per month.
Lovable now integrates with Google Workspace, Microsoft 35, Salesforce, Stripe, and ElevenLabs, offering deep integrations that streamline day-to-day operations for businesses.
The company aims to grow its team to roughly 450 members this year, focusing on hiring in machine learning, product, infrastructure, and security roles.
Why It Matters
If you're an enterprise looking to build internal tools or streamline operations with low-code platforms, Lovable's rapid growth and feature set make it a serious contender. Since its launch in November 2024, the platform has seen over 900 million monthly visits to apps built by users creating projects at a rate of 60 million per month.
Frequently Asked Questions
Why does this matter?
If you're an enterprise looking to build internal tools or streamline operations with low-code platforms, Lovable's rapid growth and feature set make it a serious contender. Since its launch in November 2024, the platform has seen over 900 million monthly visits to apps built by users creating projects at a rate of 60 million per month.
What happened?
Lovable, a software creation platform, has raised $400 million at a $13.3 billion valuation. The company aims to empower users closest to problems with solutions and is expanding its reach in major markets.
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