Lovable Doubles Valuation to $13.3 Billion in $400M Series C

Lovable confirmed a $400 million Series C at a $13.3 billion valuation, doubling the $6.6 billion valuation from its December round eight months prior. Menlo Ventures and the Scaleup Europe Fund led the round, with more than a dozen additional investors participating. The AI application builder reported $500 million in annualized run rate revenue in June.