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Europe\u2019s favorite vibe-coding startup Lovable has confirmed previously reported whispers<\/a> that it was raising another mega round at a $13.3 billion valuation. Lovable said on Wednesday that it has raised $400 million<\/a> in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating.<\/p>\n This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch<\/a>. Its previous round, announced in December, brought in $330 million at a $6.6 billion valuation<\/a> and was also led by Menlo Ventures, with CapitalG as co-lead.<\/p>\n As the startup has grown \u2014 it now says it hosts 60 million projects that attract 900 million monthly visitors \u2014 so has its backend needs and sophistication, the company says. Lovable, for instance, offers its own in-house trained AI model<\/a>, as well as the usual frontier model options. In June, it signed a multiyear deal <\/a>with Google Cloud, a fivefold increase in usage. Lovable has also backed other European startups<\/a>, such as Danish startup\u00a0Atech<\/a>, which is building vibe-coding software that designs tech hardware.<\/p>\n Note: one of Lovable\u2019s new Series C investors is Regent, the investment firm that also owns TechCrunch.<\/em><\/p>\n<\/div>\n When you purchase through links in our articles, we may earn a small commission<\/a>. This doesn\u2019t affect our editorial independence.<\/em><\/p>\n