Lovable Raises $400M Series C at $13.3B Valuation, Backed by EU Scaleup Fund
The Stockholm-based AI software creation platform more than doubled its valuation, with a round co-led by Menlo Ventures and the EQT-managed Scaleup Europe Fund.
AfroEuropa Newsroom
AfroEuropa desk
Swedish AI software creation platform Lovable has raised €343 million ($400 million) in a Series C round that values the Stockholm-based company at €11.4 billion ($13.3 billion), according to EU-Startups and Tech.eu. The valuation is more than double the $6.6 billion figure attached to the company's December 2025 Series B, when it raised $330 million.
The round was led by Menlo Ventures, a returning backer, and co-led by the Scaleup Europe Fund, which is managed by EQT. Tech.eu described the vehicle as a new €5 billion European investment fund. The fund recently made its first investment, co-leading ICEYE's €1 billion Series F earlier this month, EU-Startups reported.
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