Lovable Raises $400M Series C at $13.3B Valuation, Backed by EU Scaleup Fund

New investors include Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States. Existing backers Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures also took part.

Lovable, which launched in 2024, offers a platform that allows people without coding skills to build software, a practice known as vibe-coding. The company said the funding will support expansion of its platform, infrastructure and global team.

On its underlying technology, Lovable said it will continue to draw on multiple AI models, matching parts of the work to the model best suited to each task, and will keep post-training open-source models. Tech.eu noted this approach comes amid concern over the cost of tokens paid to AI labs by startups such as Lovable.

CEO Anton Osika said the company's next phase is focused on helping users run and grow the products they build, according to EU-Startups.

EcoNomad Solutions raises £400k for farm waste-to-energy tech

The Harpenden-based AgriTech startup secured backing led by the British Design Fund to bring its BioNomad system to small livestock farms.