AIBRIEF
The Stockholm based AI app builder, which turns text prompts into working software, has now hosted more than 60 million user built projects since launching in November 2024.
Lovable, the Stockholm-based "vibe-coding" AI app builder that turns text prompts into working software, closed a $400 million Series C at a $13.3 billion valuation, more than double the $6.6 billion mark it set in December 2025.
The round was led by Menlo Ventures with the EQT-managed Scaleup Europe Fund, according to Business Insider. The new mark is the second roughly 2x step for Lovable in under a year and lands on an annual recurring revenue curve that CEO Anton Osika says has nearly tripled since December.
The trajectory: about $200 million at the end of 2025, $300 million one month later, and $400 million disclosed in March 2026, per the company's Series C post. Since launching in November 2024, the platform has hosted more than 60 million user-built projects, a scale that signals consumer and prosumer adoption.
The open question is whether the revenue curve keeps bending. A $13.3 billion private mark against roughly $400 million of ARR is a multiple of about 33x. The next data points to watch: a fresh ARR print, the next funding round, and any future sale of secondary shares, each of which will test whether the December-to-March pace is durable.
This is a developing story.