Lovable confirms new $13.3B valuation, raises another $400M

European vibe-coding startup Lovable has confirmed that it has raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating, at a $13.3 billion valuation. The company hit $500 million in annualized run rate revenue in June. Its previous round, announced in December, brought in $330 million at a $6.6 billion valuation, also led by Menlo Ventures with CapitalG as co-lead. Lovable now hosts 60 million projects that attract 900 million monthly visitors, and it offers its own in-house trained AI model along with frontier model options. In June, it signed a multiyear deal with Google Cloud, a fivefold increase in usage. Lovable has also backed other European startups, such as Danish startup Atech, which builds vibe-coding software for tech hardware design. One of Lovable's new investors is Regent, which also owns TechCrunch.