Swedish startup Lovable, based in Stockholm and specializing in vibe coding, has closed a $400 million Series C round at a $13.3 billion post-money valuation. The company reached $500 million in annualized recurring revenue as of June 2026 and generates over 200,000 new projects daily on its platform. Menlo Ventures, the EU-backed Scaleup Europe Fund managed by EQT, and Tencent participated in the round. Founded in late 2023 by Anton Osika, a former physicist at CERN, and Fabian Hedin, Lovable counts Uber, Zendesk, Klarna, and McKinsey among its clients.
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