Lovable Raises $400M Series C at $13.3B Valuation

Lovable closed a $400 million Series C at a $13.3 billion valuation, double its $6.6 billion figure from December. 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.