Lovable Raises $400M at $13.3B Valuation as Enterprise Use Grows

Lovable has raised $400 million at a $13.3 billion valuation, more than doubling its value in eight months as investors place another large bet on software built through natural-language prompts.

The Stockholm-based company is nearing a $600 million annual revenue run rate and plans to expand its workforce by 50% to about 450 employees this year. Its customer list now includes Nvidia, Adidas, Hearst, and Zendesk, giving Lovable a larger foothold inside companies where AI-built applications can move quickly from experiments to everyday business tools.

Lovable’s $13.3B valuation backs a broader software bet

The new $400 million funding round was co-led by Menlo Ventures and Scaleup Europe Fund, an EU-backed investment vehicle overseen by EQT. Balderton Capital, World Innovation Lab, and Tencent also participated.

It follows Lovable’s $330 million Series B in December, when the company was valued at $6.6 billion. Lovable’s valuation has therefore more than doubled while its revenue run rate has nearly tripled from the level reported at the end of last year.

Lovable is part of the broader vibe-coding market, which lets people create applications by describing what they want rather than writing the code themselves. Its platform can generate front ends, back ends, databases, authentication, and integrations, with generated code available for review or export to GitHub.

That model is increasingly moving into established companies. Nvidia, for example, uses Lovable to create customized software that helps team leaders track projects and delivery. Lovable also markets the platform for internal tools and production applications built by product managers, designers, marketers, and other employees alongside engineering teams.

Investor interest extends beyond Lovable. Replit was valued at $9 billion in March, while SpaceX agreed to acquire Cursor parent Anysphere for $60 billion in June.

More builders mean more software for IT to govern

Giving employees outside engineering the ability to create working applications can remove development bottlenecks, but it also expands the amount of software an organization has to track.

Lovable’s enterprise offering reflects that shift. The company provides SSO and SAML authentication, role-based access controls, SCIM provisioning, audit logs, GitHub integration, and controls for managing applications across shared workspaces.

Its Workspace Insights tool gives enterprise administrators an inventory of projects and externally published apps, along with information about owners, personally identifiable information, security findings, publishing status, authentication providers, database tables, and row-level security settings.

Lovable says enterprise workspaces can grow to thousands of projects. At that scale, an AI app builder becomes another part of the organization’s software estate rather than an isolated productivity tool.

IT teams adopting platforms such as Lovable therefore need policies for who can build and publish applications, which company data those apps can access, how generated code enters existing development workflows, and who remains responsible for maintaining an application after it is deployed.

Lovable’s $13.3 billion valuation is ultimately a bet that far more employees will build software themselves. If that bet pays off, IT departments will be managing not only AI coding tools, but a rapidly growing inventory of software those tools create.

Also read: A high-severity Cursor Git vulnerability demonstrated how flaws in AI coding environments can reach the development systems around them.