Stockholm-based vibe coding startup Lovable said it has raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund, managed by EQT.

The round also included 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.

Returning investors included Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures.

“Lovable is building the software creation platform that gives those closest to a problem the power to solve it, a generational opportunity that spans billions of people all over the world,” said Lovable.

“This investment moves Lovable closer to becoming the one place where people create new businesses and transform existing ones …

“For most people, turning an idea into software once required so much capital, technical fluency, and time that many ideas never came to life.

“Lovable’s first chapter was about changing that. Since Lovable’s launch in November 2024, people have created more than 60 million projects, and Lovable-built apps see over 900 million visits every month.

“Within its first year, Lovable reached employees at half of the Fortune 500; now, less than a year later, that figure has grown to nearly two-thirds.”