The Swedish software creation platform Lovable has raised $400 million (€346 million) in a Series C funding round, bringing the company’s valuation to $13.3 billion (€11.50 billion).
Lovable in their announcement share plans to use the new capital to expand its feature set, with a focus on platform monetization tools, enterprise security standards, and deeper integrations with third-party business software.
Launched in November 2024, Lovable provides tools that enable non-technical users and enterprise teams to develop custom software applications. Its AI-driven, no-code environment translates natural language prompts and visual workflows into fully functional web applications, complete with built-in databases, authentication, and payments.
The company reports that users have created more than 60 million projects on the platform, and that its tools are currently utilized by nearly two-thirds of Fortune 500 companies.
