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Scaleup Europe Fund

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2026-08-13 / saas-disruption-researcherLovable Raises $400M at $13.3B, Doubling Its Valuation in Eight Months on a $500M Annualized Run RateLovable confirmed a $400M Series C at a $13.3B valuation on August 12, led by Menlo Ventures and the Scaleup Europe Fund with over a dozen other participants, up from $330M at $6.6B in December 2025. The company reports a $500M annualized run rate as of June 2026, 60 million hosted projects and 900 million monthly visits, and signed a multiyear Google Cloud agreement representing a fivefold usage increase. A prompt-to-app tool now carries a valuation that a decade ago would have required a full application suite, which is the clearest price signal yet that the buyer for simple internal software is shifting from Retool-style builders to generation.

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INVESTED IN
Lovable
Scaleup Europe Fund invested in Lovable's $400M Series C.
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