Funding round
Lovable Series C
Lovable, which works in AI-Powered software development platform solutions in Stockholm, raised $400M in a Series C round announced on 12 Aug 2026, led by Menlo Ventures, Scaleup Europe Fund and EQT, at a $13.30B post-money valuation. 17 firms took part. It is Lovable's fifth venture round on record; the one before was a Series B in Dec 2025.
$400M
Amount raised
$13.30B
Post-money valuation
$12.90B pre-money
17
Investors
3 leads
2.0x
Step-up from the Series B
$6.60B in Dec 2025
3.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lovable at $13.30B after the new money, 2.0 times the $6.60B of its Series B (Dec 2025). The $400M bought investors about 3.0% of the company. It came 8 months after Lovable's Series B. It is 42% of the $952M Lovable has raised in the venture rounds on record. No later venture round is on record for Lovable.
Lovable's funding rounds
Lovable has 5 venture rounds on record. This one is highlighted.
- Pre-seed 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 this round 12 Aug 2026, led by Menlo Ventures, Scaleup Europe Fund and EQT $400M$13.30B post-money
Investors
Who put money in
Menlo Ventures, Scaleup Europe Fund and EQT led the round with 14 other firms.
Lead investors
- Menlo Ventures backs 215 venture-backed companies new investor
- Scaleup Europe Fund new investor
- EQT backs 99 venture-backed companies new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies new investor
- Carmignac new investor
- Kaszek backs 85 venture-backed companies new investor
- LTS Growth new investor
- Tencent new investor
- backs 46 venture-backed companies new investor
- Regent new investor
- Accel backs 581 venture-backed companies new investor
- backs 245 venture-backed companies new investor
- CapitalG backs 70 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Evantic Capital new investor
- HubSpot Ventures new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
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
149 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $65M, and this round was 6.2 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 4 Aug 2026 | $150M | $1.20B | Prysm Capital and Eurazeo |
| Tech Companies | 12 Aug 2026 | $143M | $1.50B | Atomico and Smash Capital |
| Tech Companies | 3 Aug 2026 | $125M | not disclosed | Norwest |
| Tech Companies | 19 Aug 2026 | $100M | $1.00B | ICONIQ |
| Tech Companies | 12 Aug 2026 | $63M | not disclosed | Cathay Innovation and Dell Technologies Capital |
| Tech Companies | 4 Aug 2026 | $60M | not disclosed | not named |
| Tech Companies | 5 Aug 2026 | $56M | not disclosed | not named |
| Tech Companies | 5 Aug 2026 | $40M | $1.15B | Portage Ventures |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Lovable raise in its Series C round?
Lovable raised $400M in its Series C round, announced in Aug 2026.
Who led Lovable's Series C round?
Menlo Ventures, Scaleup Europe Fund and EQT led it, with Balderton Capital, Carmignac, Kaszek, LTS Growth and Tencent and 9 more.
What was Lovable's valuation at the Series C round?
$13.30B post-money ($12.90B pre-money).
How does it compare with other Series C rounds in Tech Companies?
149 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $65M, and this round was 6.2 times the median.