Stockholm-based AI coding startup Lovable has raised $400M in Series C funding at a $13.3B valuation, led by Menlo Ventures and co-led by EQT’s Scaleup Europe Fund.

Lovable says users have created 60M+ projects, while Lovable-built apps now generate 900M+ monthly visits. The platform is used by nearly two-thirds of the Fortune 500, with customers including Adidas, NVIDIA, and Deutsche Telekom.

The company’s valuation has more than doubled from $6.6B in December 2025, when it raised $300M.

Lovable plans to expand its product, infrastructure, and security capabilities while growing its team to around 450 employees this year.