According to Bloomberg, Stockholm-based AI programming startup Lovable has announced the completion of a $400 million Series C round, bringing its post-funding valuation to $13.3 billion. The round was co-led by Menlo Ventures and the Scaleup Europe Fund, an EU-backed investment vehicle managed by EQT AB, with participation from multiple venture capital firms and new investors from Latin America and Asia, including Tencent Holdings. Lovable, focused on AI-assisted programming, is accelerating its expansion to compete with larger rivals such as Anthropic.
Swedish AI programming startup Lovable raises $400 million in Series C round, valued at $13.3 billion
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Summary
Swedish AI programming startup Lovable has closed a $400 million Series C funding round, valuing the company at $13.3 billion. Menlo Ventures and Scaleup Europe Fund led the round, with Tencent Holdings and other venture capital firms participating. The funding comes amid growing interest in AI and crypto developments, including new token listings. Lovable’s platform uses AI to automate software development, drawing global investor attention. The capital will be used to expand its R&D and global operations.
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