Lovable

Swedish AI application development platform Lovable has secured $400 million in a Series C funding round led by Menlo Ventures, doubling the company's valuation to $13.3 billion.

Summary of transaction details:

• Value: $400 million
• Sector: DeepTech & AI
• Advisor: None disclosed
• Key Entities: Lovable, Menlo Ventures, Scale Europe Fund, Balderton Capital, Tencent
• Location: Stockholm, Sweden

Note: Lovable plans to use the new funding to accelerate workforce expansion across product, security, and machine learning teams as it scales to cover full application lifecycle development for enterprise customers.