Lovable raises $400 million as AI software-building valuation doubles to $13.3 billion

The Series C follows rapid recurring-revenue growth and keeps private AI valuations relevant to listed software and cloud multiples.

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Swedish software-building platform Lovable raised $400 million in a Series C led by Menlo Ventures and EQT's Scaleup Europe Fund at a $13.3 billion valuation, twice its December valuation.

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