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Lovable hits $13B valuation with $400M haul
Lovable has more than doubled its valuation this year. The Swedish startup said Wednesday it raised $400 million in a Series C funding round that values it at $13.3 billion. After a Series B round in December, the company was worth an estimated $6.6 billion. The recent round was led by Menlo Ventures and co-led by the newly launched Scaleup Europe Fund, managed by private equity firm EQT. The fund is part of Horizon Europe and supports companies developing critical technologies.
Lovable has more than doubled its valuation in less than a year, becoming one of Europe's most closely watched artificial intelligence startups. The Swedish company announced Wednesday that it raised $400 million in a Series C funding round, giving the AI...
