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The Nexus
BUSINESSAug 12 · 10:33 UTCBUSINESS INSIDERThibault Spirlet ([email protected])

Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding

Lovable raised $400 million in a new funding round, doubling its valuation to $13.3 billion as investors bet on AI coding technology. The startup reported achieving $400 million in annual recurring revenue (ARR) in March. Since launching in November 2024, the platform has helped build over 60 million projects.

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Mentioned
LovableorganizationAnton OsikapersonMenlo VenturesorganizationEQT-managed Scaleup Europe FundorganizationStockholmplaceAI codingtopicBusiness Insiderorganization
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Lovable doubles its valuation to $13.3 billion as investors place another big bet on AI coding · The Nexus