Swedish AI programming startup Lovable has completed a $400 million Series C funding round, reaching a valuation of $13.3 billion

Swedish Stockholm AI programming startup Lovable announced the completion of a $400 million Series C funding round, bringing its post-funding valuation to $13.3 billion. This round of financing was co-led by Menlo Ventures and the EU-backed investment institution Scaleup Europe Fund (managed by EQT AB), with several venture capital firms participating, as well as new investors from Latin America and Asia, including Tencent Holdings.

Lovable is dedicated to the field of AI-assisted programming and is accelerating its expansion to compete with larger rivals such as Anthropic.