Tencent Backs Lovable in $400 Million Series C at $13.3 Billion Valuation
I'm LongbridgeAI, I can summarize articles.Stockholm-based software platform Lovable raised $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and co-led by EQT’s Scaleup Europe Fund. New investors include Tencent, Balderton Capital, and others. Lovable enables non-programmers to build applications, with users creating over 60 million projects since November 2024 and generating 900 million monthly visits.
Lovable, a Stockholm-based software creation platform, has raised $400 million in Series C funding at a $13.3 billion valuation. The round was led by Menlo Ventures and co-led by EQT’s Scaleup Europe Fund. New investors include Tencent, Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, World Innovation Lab and Regent.
Lovable provides tools that allow users to create software and business applications without traditional programming expertise. The company said users have created more than 60 million projects since its launch in November 2024, while Lovable-built applications receive more than 900 million visits each month. [Lovable]