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Lovable Reaches $13.3B Valuation, Secures $400M in Series C Funding

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Lovable Reaches $13.3B Valuation, Secures $400M in Series C Funding
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The Gist

“Lovable, a pioneering vibe-coding startup, has achieved a remarkable new valuation of $13.3 billion and successfully raised an additional $400 million in funding. This significant investment underscores the company's impressive growth, with annualized run rate revenue reaching $500 million and a staggering 900 million monthly visitors to its 60 million hosted projects.”

Lovable's latest funding round, led by esteemed investors Menlo Ventures and the Scaleup Europe Fund, is a testament to the startup's innovative approach to vibe-coding and its potential for continued expansion. The company's rapid ascent is marked by notable milestones, including the attainment of $500 million in annualized run rate revenue as of June.

Key Insights

Lovable's new valuation stands at $13.3 billion, with the startup raising an additional $400 million in a Series C round. The platform hosts an impressive 60 million projects, attracting a massive 900 million monthly visitors, solidifying its position as a leading force in the tech industry.

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