Swedish vibe-coding startup Lovable raised $400 million in a Series C led by Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation, TechCrunch reported on August 12. Lovable told TechCrunch it hit $500 million in annualized run-rate revenue in June.
A month earlier, TechCrunch had reported talks to double its valuation to $13.2 billion. The revenue figure is company-reported. Lovable is one of several app-building startups now valued in the tens of billions.
Source: TechCrunch