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Lovable raised $400 million in a Series C round at a $13.3 billion valuation, the Stockholm-based AI app builder announced August 12, 2026. Menlo Ventures led the round, with Scaleup Europe Fund (EQT) co-leading, and the valuation roughly doubles the figure investors assigned the company in its December 2025 Series B round.
Lovable lets users describe software in plain language and receive a working app, a category the company calls “vibe coding.” Since its November 2024 launch, users have created more than 60 million projects on the platform, and apps built on Lovable now receive more than 900 million visits a month. Nearly two-thirds of Fortune 500 companies have employees building on the platform, including named enterprise customers Adidas, NVIDIA, and Deutsche Telekom.
Who Backed the Round
New investors in the round include Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, and Regent. Returning investors include Accel, Antler, CapitalG, DST Global, HubSpot Ventures, and Salesforce Ventures. Victor Englesson, Co-Head of Scaleup Europe Fund (EQT), said: “Anton, Fabian, and the Lovable team have built one of the most ambitious and fastest-growing AI companies we’ve seen. They prove that Europe has no shortage of exceptional founders.”
Why Salesforce and HubSpot Betting on Lovable Matters for Business Buyers
HubSpot Ventures and Salesforce Ventures both returned as investors in this round, a signal that two of the largest CRM vendors treat Lovable as infrastructure their customers build on top of, not a competing threat. For companies evaluating best AI tools for business, the round changes a common build-versus-buy calculation: teams that previously hired a development shop or bought a rigid off-the-shelf tool for an internal dashboard or CRM extension now have a third option backed by the CRM vendors themselves.
About 8 in 10 Lovable users say they are building a product or side project they hope to monetize, according to the company, positioning the platform as both an internal-tooling shortcut and a startup launchpad.
Lovable Is Also Building Its Own AI Models
Lovable disclosed on August 11, 2026 that it is training its own post-trained models, using a control-plane architecture that routes different tasks — code generation, summarizing, commit messages — to different models. In-house models already handle a meaningful share of production work, reducing Lovable’s dependency on any single frontier-model provider such as OpenAI or Anthropic. The company also announced an infrastructure partnership with Cerebras on August 5, 2026, and plans to grow to approximately 450 employees across machine learning, product, infrastructure, and security by the end of 2026.
Where Lovable Sits in the AI App-Builder Market
Lovable competes with Cursor, Bolt.new (Stackblitz), and Replit Deployments in the AI coding-tool category, but targets non-developers describing an outcome in plain text rather than developers writing code directly. The $13.3 billion valuation makes Lovable the highest-valued company focused specifically on natural-language app building, ahead of code-focused competitors that serve professional developers.
Our Take: Lovable is quietly becoming the default way enterprises prototype and deploy internal tools. HubSpot and Salesforce investing again is a signal that CRM ecosystems are embracing it as a build layer, not a threat. For business decision-makers, the question is shifting from “should we try Lovable?” to “why are we still paying a dev shop for a dashboard?”
For Context: AI’s Push Into Business Infrastructure
Lovable’s round follows a broader pattern of AI platforms embedding themselves directly into enterprise workflows in 2026. OpenAI has pushed further into business identity and login infrastructure with its enterprise login push, and separately crossed a scale threshold covered in what AI scale means for business. Lovable’s CRM-backed funding round extends that trend from AI assistants into AI-built software itself.
