Funding round
Lovable Pre-seed
Lovable, which works in AI-Powered software development platform solutions in Stockholm, raised $7.5M in a Pre-seed round announced on 7 Oct 2024, led by Hummingbird VC and byFounders. 3 firms took part, with 5 individual investors. It is Lovable's first venture round on record.
$7.5M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Lovable did not disclose a valuation in this round. It is under 1% of the $952M Lovable has raised in the venture rounds on record. Lovable raised again 4 months later: a Pre-seed round of $15M in Feb 2025. Its next priced round, a Series A in Jul 2025, valued it at $1.80B.
Lovable's funding rounds
Lovable has 5 venture rounds on record. This one is highlighted.
- Pre-seed this round 7 Oct 2024, led by Hummingbird VC and byFounders $7.5M
- Pre-seed 1 Feb 2025, led by Creandum $15M
- Series A 17 Jul 2025, led by Accel $200M$1.80B post-money
- Series B 18 Dec 2025, led by CapitalG and Menlo Ventures $330M$6.60B post-money
- Series C 12 Aug 2026, led by Menlo Ventures, Scaleup Europe Fund and EQT $400M$13.30B post-money
Investors
Who put money in
Hummingbird VC and byFounders led the round with 1 other firm.
Lead investors
- backs 42 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Also in the round
- backs 95 venture-backed companies new investor
Individual investors: Mattias Miksche, Bjarke Klinge Staun, Siavash Ghorbani, Fredrik Hjelm and Stefan Lindeberg.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
742 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 5.0 times the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 Oct 2024 | $6.0M | not disclosed | Arche Capital and cyber•Fund |
| Tech Companies | 1 Oct 2024 | $4.0M | not disclosed | lightbank and Lakehouse Ventures |
| Tech Companies | 22 Oct 2024 | $4.0M | not disclosed | Mango Capital |
| Tech Companies | 17 Oct 2024 | $3.9M | not disclosed | Moonfire |
| Tech Companies | 24 Oct 2024 | $3.0M | not disclosed | HF0 Residency |
| Tech Companies | 7 Oct 2024 | $3.0M | not disclosed | not named |
| Tech Companies | 16 Oct 2024 | $2.7M | not disclosed | Runa Capital |
| Tech Companies | 28 Oct 2024 | $2.4M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Lovable raise in its Pre-seed round?
Lovable raised $7.5M in its Pre-seed round, announced in Oct 2024.
Who led Lovable's Pre-seed round?
Hummingbird VC and byFounders led it, with Creandum.
What was Lovable's valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Tech Companies?
742 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 5.0 times the median.
Did Lovable raise again after this round?
Yes: a Pre-seed round in Feb 2025 of $15M.