Lovable: Funding Rounds, Investors & CEO

About Lovable

Lovable sells an AI app builder. A user describes the software they want in plain language, and Lovable's AI builds a working app, website or internal tool in real time. Lovable then hosts it and adds logins, databases and payments, so people can launch without hiring developers. Its users range from solo founders to product, marketing and operations teams at large companies.

Lovable launched in November 2024. It is based in Stockholm and also has offices in London, San Francisco and Boston. People have built more than 60 million projects with Lovable, and those apps get over 900 million visits a month. Its customers include Adidas, NVIDIA, Deutsche Telekom, Zendesk and Checkr. Co-founder Anton Osika is CEO, co-founder Fabian Hedin is CTO and Andy Toung is CFO.

Funding Rounds (SEC Form D)

First sale	Filed with SEC	Amount sold	Investors	Avg. check	Terms	Filing
Jul 31, 2026	Aug 17, 2026	$382,498,612of $400.2M target	27	$14.1M	EquityRule 506(b)	Form D ↗
Dec 11, 2025	Dec 22, 2025	$425,014,960of $425.6M target	34	$12.5M	Equity, Options, Securities on exerciseRule 506(b)	Form D ↗
Jun 27, 2025	Jul 21, 2025	$192,741,446of $193.4M target	40	$4.8M	Equity, Options, Securities on exerciseRule 506(b)	Form D ↗
Jan 30, 2025	Feb 14, 2025	$20,157,542of $22.7M target	36	$559K	Equity, Options, Securities on exerciseRule 506(b)	Form D ↗
Total, four offerings		$1,020,412,560

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Rounds announced by Lovable

What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.

Announced	Round	Amount	Investors	Source
Aug 12, 2026	Series C	$400M	Menlo Ventures and Scaleup Europe Fund (managed by EQT) (co-leads), Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, Regent, Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures, Salesforce Ventures	lovable.dev ↗ Reuters ↗
Dec 18, 2025	Series B	$330M	CapitalG and Menlo Ventures' Anthology fund (co-leads), NVentures (NVIDIA), Salesforce Ventures, Databricks Ventures, T.Capital (Deutsche Telekom), Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, Accel, Creandum, Evantic	lovable.dev ↗ Menlo Ventures ↗
Jul 17, 2025	Series A	$200M	Accel (lead), 20VC, byFounders, Creandum, Hummingbird, Visionaries Club, QuantumLight Capital, European Tech Collective, Melissa Tan, Varun Anand, George Kurtz, Olivier Pomel, Mati Staniszewski, Dharmesh Shah, Sebastian Siemiatkowski, Job van der Voort, Stewart Butterfield, Denise Persson, Paul Copplestone, Victor Riparbelli, Steffen Tjerrild, Linda Tong	lovable.dev ↗ Accel ↗
Feb 25, 2025	Pre-Series A	$15M	Creandum (lead), Visionaries Club, Charlie Songhurst, Adam D'Angelo, Thomas Wolf, Eric Bernhardsson	lovable.dev ↗ TechCrunch ↗
Oct 7, 2024	Pre-seed	$7.5M	Hummingbird and byFounders (co-leads), Mattias Miksche, Bjarke Klinge Staun, Siavash Ghorbani, Fredrik Hjelm, Stefan Lindeberg	EU-Startups ↗ Tech Funding News ↗

Why Investors Backed Lovable

Investors backed Lovable mainly for its growth. Menlo Ventures, which co-led its last two rounds, calls it "one of the fastest-growing companies in history." Lovable lets people who cannot code build working software by chatting with an AI. Its annual revenue run rate passed $600 million in September 2026, less than two years after launch, according to co-founder Fabian Hedin.

The problem it targets

Most people cannot write software. Lovable's view is that less than 1% of the world's population can code. Menlo Ventures counts roughly 50 million coders worldwide, against upwards of a billion other knowledge workers with ideas. Lovable's own examples include marketers stuck in engineering backlogs and operations teams running outdated internal tools. Firat Ileri of Hummingbird, which co-led the 2024 pre-seed round, said demand for software development "far outpaces the available talent."

What the product does

A user describes an app in a chat, and Lovable builds it while they watch. The result is a running product, not just code. Lovable hosts it, adds logins, databases and payments, and connects it to tools such as Google Workspace, Microsoft 365, Salesforce and Stripe. Its AI also scans every project for security flaws, even after the user stops building. "Lovable does not output code. The output is a product, and increasingly so, a business," Hedin said at the HumanX conference in September 2026, as TechCrunch reported.

Progress so far

Most growth figures come from Lovable itself. In February 2025, three months after launch, Lovable had $17 million in annual recurring revenue and 30,000 paying customers. CNBC reported that run-rate revenue passed $100 million by July 2025 and $200 million four months later. Hedin put it at $600 million in September 2026, up from about $500 million in June, according to TechCrunch. Users have built more than 60 million projects with Lovable. Employees at nearly two-thirds of the Fortune 500 use Lovable. Deutsche Telekom alone has built more than 2,000 apps on it, Hedin told The Next Web.

Who backs it

CapitalG and Menlo Ventures co-led the $330 million Series B in December 2025, at a $6.6 billion valuation. Menlo and EQT's Scaleup Europe Fund then co-led the $400 million Series C in August 2026, at $13.3 billion. Earlier, Accel led the $200 million Series A, and Creandum led a $15 million round. The venture arms of NVIDIA, Salesforce, Databricks, Deutsche Telekom, Atlassian and HubSpot joined the Series B. Menlo partner Matt Murphy and Accel partner Ben Fletcher are directors of the company. "I haven't seen this level of user love for a product since we invested in Spotify," said Creandum's Fredrik Cassel.

How the market is moving

Rivals are raising large sums too. Cursor, an AI code editor, raised $2.3 billion at a $29.3 billion valuation in November 2025. Replit raised $400 million at a $9 billion valuation in March 2026, and users at 85% of the Fortune 500 build with it. In September 2026, Lovable announced partnerships with Salesforce and Microsoft. It is also buying teams. It acquired cloud provider Molnett in November 2025 and Sutro, maker of a backend platform, in September 2026.

We wrote this summary from public statements by Lovable and its investors. It is not investment advice.