💰Lovable Secures $400M Series C at $13B Valuation
European Startup Lovable Just Got a Major Boost
TL;DR
Lovable, the European startup behind millions of projects and billions of monthly visitors, just secured a massive $400 million Series C round at a $13 billion valuation. This funding will likely fuel further growth in AI and cloud services.
Lovable has raised a whopping $400 million in its Series C round, led by Menlo Ventures and the Scaleup Europe Fund. The company's annualized run rate revenue hit $500 million last June, hosting 60 million projects with 900 million monthly visitors. This funding will likely accelerate Lovable's growth in AI services and cloud infrastructure. With a new valuation of $13 billion, this round signals significant confidence from investors in the company's future.
Key Points
Series C round led by Menlo Ventures and the Scaleup Europe Fund
$500 million annualized run rate revenue as of June
900 million monthly visitors across 60 million hosted projects
Signed a multiyear deal with Google Cloud in June, increasing usage fivefold
Previous round raised $330M at a $6.6B valuation
Why It Matters
If you're developing on Lovable's platform or considering its services for your project, this funding means more resources and likely better support. The company's growth in AI and cloud infrastructure could mean new tools and integrations coming soon.
Frequently Asked Questions
Why does this matter?
If you're developing on Lovable's platform or considering its services for your project, this funding means more resources and likely better support. The company's growth in AI and cloud infrastructure could mean new tools and integrations coming soon.
What happened?
Lovable, the European startup behind millions of projects and billions of monthly visitors, just secured a massive $400 million Series C round at a $13 billion valuation. This funding will likely fuel further growth in AI and cloud services.
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