Question 1

How much did Lovable raise and at what valuation?

Accepted Answer

Lovable raised $400 million in a Series C round at a $13.3 billion valuation, roughly double the $6.6 billion valuation from its December 2025 round.

Question 2

Who led Lovable's Series C round?

Accepted Answer

The round was led by Menlo Ventures and co-led by the Scaleup Europe Fund, an EU investment vehicle managed by EQT, with backers including Balderton Capital, Tencent, Salesforce Ventures and Regent.

Question 3

Why is the European Union investing in Lovable?

Accepted Answer

The Scaleup Europe Fund invested to keep high-growth European startups from relocating or listing in the United States, with EQT partner Victor Englesson warning that a shift toward American backers pulls companies overseas.

Menlo Ventures

Wispr takes $280 million at a $2 billion valuation to move past dictation

Lovable raises $400M at $13.3B, with the EU now on its cap table

One sharp brief.
Every day.

Menlo Ventures

Wispr takes $280 million at a $2 billion valuation to move past dictation

Lovable raises $400M at $13.3B, with the EU now on its cap table

One sharp brief.Every day.

One sharp brief.
Every day.