Lovable Revenue, Valuation, Funding & Investors

Lovable is valued at $13B as of August 2026, a 26.6x multiple on its last reported $500M revenue.

Last Lovable valuation

$13B

Series C · Aug 2026

Last Lovable funding round

$400M

Series C · Aug 2026

Lovable revenue

$500M

Series C · Aug 2026

Key investors in Lovable

  • Accel
  • Antler
  • Salesforce Ventures
  • Menlo Ventures
  • DST Global
  • Creandum

Lovable Overview

About Lovable

Lovable is a Stockholm-based software platform that uses artificial intelligence to generate full-stack web applications from natural language descriptions. Launched in 2024, it supports building apps with built-in authentication, databases, and deployment to platforms like Vercel. The tool targets developers and non-technical users in sectors such as technology, finance, and healthcare, enabling rapid prototyping of customer-facing products like dashboards and e-commerce sites.


Founded

2023

HQ

SwedenStockholm

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$500M (Aug 2026)

Valuation

$13B (Aug 2026)

Lovable Valuation

Lovable is currently valued at $13B, based on its Series C in August 2026. Read the announcement ↗

The $400M round was led by Menlo Ventures and EQT Ventures, with participation from Salesforce Ventures, Balderton Capital, Carmignac, LTS Growth, Evantic Capital and 9 other investors.

Lovable's valuation has grown 7.4x from $1.8B at its Series A in July 2025 to $13B in August 2026, across 3 priced rounds.

Lovable valuation by funding round

Revenue multiple
Lovable valuation by funding round
DateStageValuationRevenue Multiple
Aug 2026Series C$13B26.6x
Dec 2025Series B$6.6B33.0x
Jul 2025Series A$1.8B18.0x

Lovable Revenue

Lovable's latest recorded revenue is $500M, as of its Series C in August 2026. At a $13B valuation, that implies a 26.6x revenue multiple.

Revenue grew from $17M in February 2025 to $500M in August 2026.

Lovable revenue by funding round

Lovable revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2026$500M$13B26.6xSeries C
Dec 2025$200M$6.6B33.0xSeries B
Jul 2025$100M$1.8B18.0xSeries A
Feb 2025$17M--Seed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Lovable Funding History

Lovable has raised a total of $952M across 6 funding rounds, plus 1 secondary share sale.

Lovable's first fundraising round was a $7M pre-seed round in October 2024. The most recent completed round was a $400M Series C in August 2026.

Lovable funding rounds

Lovable funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series CMenlo Ventures (lead); EQT Ventures (lead); Salesforce Ventures; Balderton Capital; Carmignac; LTS Growth; Evantic Capital; World Innovation Lab; HubSpot Ventures; Tencent; Kaszek; CapitalG; Antler; Regent; Accel; DST Global$400M$13BStockholm-based AI coding startup Lovable completed a $400 million Series C funding round at a post-money valuation of $13.3 billion, doubling its worth from December 2025. The round was co-led by Menlo Ventures and the European Union-backed Scaleup Europe Fund (managed by EQT AB), with participation from Tencent and global venture firms. The round also welcomes Balderton Capital and Carmignac from Europe, Kaszek Ventures and LTS Growth from Latin America, Tencent and World Innovation Lab from Asia, and Regent from the United States, broadening the group of investors backing Lovable's global ambition. Returning investors include Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, and Salesforce Ventures. Lovable crossed an annualized revenue run rate near $500 million, up aggressively from $400 million earlier in the year and $75 million in late 2025.
Apr 2026Secondary---Flat Capital sold its entire stake in Lovable in a secondary transaction with an independent buyer, roughly a year after making a SEK 1 million angel investment in the Swedish AI app builder. The sale was part of a package of six passive AI and software positions divested for approximately SEK 720 million in aggregate. Flat cited attractive valuations and its shift towards larger, more active ownership as the reason.
Dec 2025Series BCapitalG (lead); Menlo Ventures (lead); Atlassian Ventures; Salesforce Ventures; EQT; Creandum; NVentures; Evantic Capital; Khosla Ventures; Kinship Ventures; Accel; DST Global$330M$6.6BLovable is a Stockholm-based AI startup that enables users to build web applications and software through conversational text prompts, a capability often referred to as "vibe coding." The platform allows both enterprises and individual builders to rapidly prototype and deploy functional applications without traditional coding expertise. The company launched in 2024 and achieved remarkable traction, reaching $100 million in annual recurring revenue within eight months and subsequently doubling that milestone to $200 million ARR by November 2025. In December 2025, Lovable closed a $330 million Series B funding round at a $6.6 billion post-money valuation, led by CapitalG (Alphabet's growth fund) and Menlo Ventures' Anthology Fund. The round included participation from strategic investors aligned with the company's enterprise mission, including venture arms from NVIDIA, Salesforce, Databricks, Deutsche Telekom, Atlassian, and HubSpot, alongside venture firms Khosla Ventures, DST Global, EQT Growth, and Kinship Ventures, as well as returning investors Accel, Creandum, and Evantic. This Series B round more than tripled the company's valuation from the prior $1.8 billion Series A valuation announced five months earlier in July 2025. Lovable's customer base includes major enterprises such as Klarna, Deutsche Telekom, Uber, and Zendesk. The company reported that over 100,000 new projects are built on its platform daily and more than 25 million projects were created during its first year of operation. The funding will be deployed to deepen integrations with enterprise tools including Notion, Jira, Linear, and Miro; enhance collaboration and governance features for enterprise teams; and expand infrastructure to enable users to move projects from prototype to production-ready deployments, including databases, payments, and hosting capabilities.
Jul 2025Series AAccel (lead)$200M$1.8BLovable Labs Incorporated, a Stockholm-based AI startup founded in 2023, develops a no-code platform that enables users to build websites and apps using natural language prompts powered by large language models, targeting non-technical users to democratize software development. The platform features live coding, version control, Figma imports, team collaboration, and third-party integrations, with clients including Klarna and HubSpot. On July 17, 2025, Lovable raised $200 million in an oversized Series A round led by Accel, with participation from 20VC, byFounders, Creandum, Hummingbird, Visionaries Club, and angels like Klarna CEO Sebastian Siemiatkowski, achieving a $1.8 billion post-money valuation just eight months after launch. The funding valued Lovable at unicorn status amid explosive growth, with over 2.3 million active users, 180,000 paying subscribers, and $75 million in annual recurring revenue (ARR) reached in seven months, following $17 million ARR in a prior February 2025 pre-Series A round led by Creandum. The company reported 10 million projects created on the platform, primarily prototypes by non-technical users for later developer collaboration, achieved with a lean team of 45 full-time employees and minimal spend. Proceeds from the Accel-led round will scale the vibe coding platform to empower the 99% of the population unable to code, pushing boundaries for ambitious projects. This marked one of Europe's largest Series A investments, highlighting surging demand for intuitive AI-driven development tools. Subsequent rounds followed, including a $330 million Series B at $6.6 billion valuation later in 2025 led by CapitalG and Menlo Ventures, with over 25 million projects created and 200 million monthly visits reported.
Apr 2025AngelFlat Capital--Flat Capital made an angel investment of approximately SEK 1 million in Lovable, the Stockholm AI platform that lets users build websites and applications without technical knowledge. Other investors in the company include Creandum. Flat sold the holding again in April 2026 as part of a wider disposal of passive AI positions.
Feb 2025SeedCreandum (lead); Adam D’Angelo; Daft Capital; Thomas Wolf; Visionaries Club; Charlie Songhurst; Christian Reber$15M--
Oct 2024Pre-seedbyFounders (lead); Hummingbird Ventures (lead); Emblem; Bjarke Staun-Olsen; Siavash Ghorbani; Stefan Lindeberg; Antler; Mattias Miksche; Fredrik Hjelm; Thomas Cuvelier$7M--

Who has invested in Lovable?

38 investors have backed Lovable across its funding rounds, including Accel, Antler, Salesforce Ventures, Menlo Ventures, DST Global and Creandum.

Lead investors include Menlo Ventures, EQT Ventures, CapitalG, Accel, Creandum and 2 other investors.


Lovable Investors

Investors in Lovable by funding rounds participated
InvestorHQRoundsRoleFirst check
AccelUnited StatesPalo Alto, CA3LeadJul 2025
Salesforce VenturesUnited StatesSan Francisco, CA2ParticipantDec 2025
Menlo VenturesUnited StatesSan Francisco, CA2LeadDec 2025
CreandumSwedenStockholm2LeadFeb 2025
Evantic CapitalUnited KingdomManchester2ParticipantDec 2025
CapitalGUnited StatesSan Francisco, CA2LeadDec 2025
AntlerSingaporeSingapore2ParticipantOct 2024
DST GlobalCayman IslandsGeorge Town2ParticipantDec 2025
Atlassian VenturesAustraliaSydney1ParticipantDec 2025
Adam D’AngeloUnited StatesSan Francisco, CA1ParticipantFeb 2025
Hummingbird VenturesBelgiumBrussels1LeadOct 2024
EQTSwedenStockholm1ParticipantDec 2025
EmblemFranceParis1ParticipantOct 2024

This data is available for Pro users. Sign up to see all 38 Lovable investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Lovable

Lovable has acquired 1 company to date.

Last acquisition by Lovable was on July 30th 2026. Lovable acquired Nalvin for undisclosed valuation.


Latest Acquisitions by Lovable

Nalvin
Description
Nalvin is an automation platform that deploys AI agents to handle business processes through tool integrations.
HQ CountrySweden
HQ City
Stockholm
Deal Date30 Jul 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Lovable acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Lovable

Lovable has invested in 1 company to date.

Latest investment by Lovable was on April 26th 2026. Lovable invested in Atech in their $800K Pre-seed round.


Latest Investments by Lovable

Atech
Description
Atech is a Copenhagen-based hardware startup. The firm lets users design and assemble electronics prototypes through natural language prompts with modular, snap-together parts, skipping soldering and firmware setup to produce working devices rapidly.
HQ CountryDenmark
HQ City
Copenhagen
Deal Date26 Apr 2026
RoundPre-seed
Raised$800K
InvestorsNordic Makers; Sequoia Scout; Emblem; Andreessen Horowitz
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Lovable investments and their VC round multiples.

Start Free Trial

Lovable Competitors

Lovable competitors include listed companies like C3.ai and Presight AI, and private ones like OpenAI, Anthropic, ElevenLabs and Baseten.

Public and private companies comparable to Lovable
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
BasetenUnited StatesSan Francisco, CAPrivate$600M-$13B21.7x
Presight AIUAEUAEPublicly listed$825M$214M$5.7B5.4x

Lovable Public Comps

Lovable is still privately-owned, but its public comps include iFlytek, Tempus AI, JFrog, Range Intelligent, MiniMax Group, DigitalOcean, IonQ, GitLab, UiPath and SenseTime Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
iFlytek$4B$465M3.7x3.4x31.7x40.6x
Tempus AI$1.3B($131M)12.0x10.1x(116.0x)346.0x
JFrog$532M($67M)20.3x17.4x(159.9x)88.4x
Range Intelligent$846M$803M20.7x16.0x21.9x19.7x
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
DigitalOcean$901M$343M18.2x14.9x47.9x37.7x
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
GitLab$955M($82M)7.5x6.7x(87.0x)44.3x

This data is available for Pro users. Sign up to see all Lovable competitors and their valuation data.

Start Free Trial

Common questions about Lovable

When was Lovable founded?Lovable was founded in 2023.
Where is Lovable headquartered?Lovable is headquartered in Stockholm, Sweden.
Is Lovable publicly listed?No, Lovable is a private, VC-backed company.
What is Lovable's valuation?Lovable was last valued at $13B in its Series C in August 2026.
How much funding has Lovable raised?Lovable has raised $952M across 6 funding rounds.
What was Lovable's last funding round?Lovable's last funding round was a $400M Series C in August 2026, led by Menlo Ventures and EQT Ventures.
Who are Lovable's investors?Lovable's investors include Accel, Salesforce Ventures, Menlo Ventures, Creandum, Evantic Capital, CapitalG, Antler, DST Global, Atlassian Ventures, Adam D’Angelo and 28 others.
What is Lovable's revenue?Lovable's latest recorded revenue is $500M (August 2026).
What is Lovable's revenue multiple?Lovable's latest valuation implies a 26.6x revenue multiple ($13B valuation on $500M of revenue).
Which companies are comparable to Lovable?Companies comparable to Lovable include C3.ai, OpenAI, Anthropic, ElevenLabs, Baseten and Presight AI.
How many companies has Lovable acquired?Lovable has acquired 1 company, including Nalvin.
How many companies has Lovable invested in?Lovable has invested in 1 company, including Atech.
What was Lovable's last investment?In April 2026, Lovable invested in Atech's $800K pre-seed round alongside Nordic Makers, Sequoia Scout, Emblem and 1 other investor.

See companies similar to Lovable

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial