Lovable raise €343 million Series C to expand its platform, infrastructure and global team
Swedish AI software creation platform Lovable has secured a significant €343 million ($400 million) in Series C funding, underscoring strong investor confidence in its capabilities and European tech growth. This substantial investment, led by Menlo Ventures and co-led by the Scaleup Europe Fund, positions Lovable for considerable expansion. The funding round saw participation from both European and international investors, highlighting global interest in innovative AI development tools.
The substantial capital injection will fuel Lovable's ambitions to enhance its platform, fortify its infrastructure, and broaden its global team. CEO Anton Osika stated the funding will accelerate efforts to make Lovable the premier environment for building and running businesses. This marks a progression from its initial focus on democratizing software creation to empowering users in managing and scaling their ventures.
Lovable's success stands in contrast to other recent funding rounds within the European AI software development sector. While companies like Cloudsmith, Undo, and Pit have also raised significant capital, Lovable's €343 million raise dwarfs these amounts, indicating its exceptional growth trajectory and market impact. The platform has already facilitated the creation of over 60 million projects since its launch in late 2024.
Curated and translated by Europe Digital for our multilingual European audience.
Why this matters for European digital sovereignty
Swedish AI software creation platform Lovable has raised €343 million, led by Menlo Ventures and co-led by the Scaleup Europe Fund. This significant funding highlights global interest in European AI development and positions Lovable for substantial expansion in its platform, infrastructure, and team. The raise significantly outpaces other European AI software development sector funding rounds, underscoring Lovable's exceptional growth trajectory.
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