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.

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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.