Lovable confirms new $13.3B valuation, raises another $400M
Lovable says the new round doubles its prior valuation to $13.3 billion.
The $400 million Series C was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors joining. Lovable told TechCrunch it reached $500 million in annualized run-rate revenue in June. The company says it now hosts 60 million projects drawing 900 million monthly visitors, increasing its back-end demands. TechCrunch AI's note
The $400 million Series C was led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors joining. Lovable told TechCrunch it reached $500 million in annualized run-rate revenue in June. The company says it now hosts 60 million projects drawing 900 million monthly visitors, increasing its back-end demands. TechCrunch AI's note
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