Built to Run: Doubling Down for Lovable’s $400M Series C

Last December, we co-led Lovable’s $330M Series B with a conviction: AI had opened software creation to the billion-plus knowledge workers who have ideas but have never written code, and Lovable had become the way millions of them build.

Today, we’re thrilled to announce that Menlo is leading Lovable’s $400M Series C at a $13.3B valuation—our second consecutive round, and a partnership now in its third year. In the months since the Series B, revenue run rate has more than doubled and now stands more than 7x higher than a year ago. Paying customers have more than doubled. Monthly sessions on apps built with Lovable have grown more than 4.5x. TIME named Lovable one of the 100 Most Influential Companies of 2026 and put “software for the 99%” on the map. Jensen Huang said it in three succinct words: “I love Lovable.”

Crawl, Walk, Run 

At the Series B, Lovable had already established itself as the place people go to build, but creation was just the wedge. An app that gets built marks only the start of something: A live application needs hosting, a database, authentication, payments, model calls for its AI features, and analytics to grow. Over the past nine months, Lovable has pulled that entire operating layer into the platform: Lovable Cloud for databases, storage, and auth; an AI gateway for model calls; custom domains, SEO, and analytics; and, more recently, agents that work inside the apps themselves. A founder can now take an idea from first prompt to a running, revenue-generating business without leaving Lovable.

The market pull is clear. Among Lovable’s surveyed users, 80% see revenue as a current or eventual goal for their project, and more than a third of that group are already making money from it. As Lovable users’ businesses find their own users and make their first sales, the platform grows with them. In effect, they are quickly becoming the place to both build and run a business. 

This same progression is also being seen inside the world’s largest enterprises. Nine in 10 knowledge workers are not part of the software development team, and these people are squarely Lovable’s ICP. Marketing, sales, operations, and finance teams—people who spent their careers waiting on the engineering backlog—are now equipped to build their own tools. What a PM builds in an afternoon, a team adopts in weeks; in just a quarter, it becomes load-bearing internal software with the company’s contract behind it. While employees who’ve grown familiar with Lovable’s platform pull it into the enterprise, CIOs see Lovable as a sanctioned platform to safely provide a creation suite. Lovable provides a platform with the necessary security, governance, and flexibility to empower the whole company to build with AI. 

At both ends of the market, the pattern is unmistakable: What gets built on Lovable increasingly runs on Lovable.

Doubling Down on Our Partnership

Our conviction in co-founders Anton Osika (CEO) and Fabian Hedin (CTO) has only deepened. They are category creators in the fullest sense: Rather than setting out to build a better website builder or coding assistant, they were dead set on creating a new answer to the question of who gets to make software. And they’ve matched that ambition with an executive bench drawn from leading global companies like Stripe, Spotify, Slack, Gusto, and more.

At Menlo, we strive to find companies that unlock latent markets: Anthropic in intelligence, Suno in music, Higgsfield in video. Lovable is redefining who can build software, and in the years ahead, it will redefine who can run a software business. The place where ideas get built is becoming the place where businesses run, and we believe that platform will be one of the defining companies of this era.

To Anton, Fabian, and the entire Lovable team: We couldn’t be more excited to double down on this partnership with you. 

And if you’re someone with an idea, there has never been less standing between you and a working product. It’s time to build (and run) it.