Lovable Doubles to $13.3B Valuation in Eight Months

Lovable closed a $400M Series C on August 12 at a $13.3B valuation, doubling its price from a $330M round eight months earlier, per TechCrunch. The company says it's now running at a $500M annualized rate, serving 60 million hosted projects and 900 million monthly visits.

Menlo Ventures and the Scaleup Europe Fund led the round, joined by more than a dozen other investors. Lovable also signed a multiyear Google Cloud deal that TechCrunch reports represents a fivefold increase in usage.

A decade ago, a valuation like this belonged to a company selling a full application suite. Now it's going to a layer that sits on top of one. Investors are pricing the prompt-to-app generator itself at that level.

That changes the calculus for anyone evaluating a low-code builder for internal tools. The alternative now sits at 900 million monthly visits and signed a Google Cloud deal five times its prior usage.

TechCrunch's report doesn't break out how much of that $500M run rate comes from individual builders versus companies buying seats. That split matters for telling a consumer habit from an enterprise procurement shift. It also doesn't say how Lovable's per-project economics compare to what a Retool contract costs, so the actual substitution math is still missing. Worth watching whether Google's cloud agreement comes with any exclusivity that narrows Lovable's infrastructure choices later.