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Lovable Raises $400 Million At $13.3 Billion Valuation

European vibe-coding startup Lovable has raised $400 million in a Series C round, confirming earlier reports that the company was seeking a new funding round at a valuation of $13.3 billion.

Menlo Ventures and the Scaleup Europe Fund led the round, with more than a dozen additional investors participating. The new funding comes just eight months after Lovable raised $330 million at a $6.6 billion valuation.

Rapid Growth Drives New Funding

Lovable reached $500 million in annualised revenue in June, highlighting the rapid growth of its AI-powered software development platform. The company says its projects now number around 60 million and attract 900 million monthly visitors.

Alongside its growth in users, Lovable has expanded its technology infrastructure. The company has developed its own AI model while continuing to offer access to other leading models.

In June, Lovable also signed a multiyear agreement with Google Cloud that is expected to increase its usage of the platform fivefold.

Expanding Beyond Vibe Coding

Lovable has also begun investing in other European startups working on AI-powered development tools. Among them is Danish company Atech, which is developing software designed to bring vibe coding into hardware development.

With the latest funding, Lovable is now positioned to further expand its platform and infrastructure as demand for AI-assisted software development continues to grow.

Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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