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techcrunch ai · August 12, 2026

Lovable hits $13.3B valuation with $400M raise to fuel vibe-coding demand

ai coding platform lovable raised $400m in a series c round led by menlo ventures at a $13.3b valuation after hitting $500m in annualized revenue.

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ai startup lovable raised $400m in a series c round, boosting its valuation to $13.3b, led by menlo ventures and scaleup europe fund. the investment comes after the company reached $500m in annualized revenue and signed a multiyear deal with google cloud representing a fivefold infrastructure increase. currently hosting 60m projects, lovable has scaled its backend to manage 900m monthly visitors. the round validates the rapid enterprise adoption of ai coding tools and the sector's shift toward proprietary models alongside frontier apis.

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