Big round · 12 August 2026

Lovable raises $400M Series C led by Menlo Ventures

By Millionrounds ResearchPublished 16 September 2026

Lovable, based in Sweden, has raised $400M in a Series C led by Menlo Ventures, Scaleup Europe Fund and EQT's Scaleup Europe Fund, announced on 12 August 2026. 15 other investors joined. It is the 130th largest equity round we recorded in the twelve months to that date, and the 25th largest Series C of 195. The median Series C over the same period was $100M, so this one is 4.0 times that. Its previous round on record was a round of $300M in July 2026, 1 month earlier.

Raised$400M4 sources reported it
StageSeries C3 earlier rounds on record
Investors183 named as lead
Where SESweden

AIDeveloper ToolsSoftware

How big is it?

Against every equity round we recorded in the twelve months to 12 August 2026. Ranks count companies, so the same raise reported twice is counted once.

#130equity round of the last twelve months
#25Series C of 195 in that time
#3round in Sweden, of 16
This round$400M
Median Series C$100M

4.0 times the median Series C of the last twelve months.

Who invested

Also in the round

Funding history

  1. August 2026Series C$400M
  2. July 2026Round$300M
  3. December 2025Series B$330M
  4. July 2025Series A$200M

$1.2B raised across the 4 rounds we hold.

Reported by

  1. Menlo Ventures12 August
  2. TechCrunch12 August
  3. TechStartups12 August
  4. TechNode13 August

The round's figures come from these reports; each link opens the original.

Other big rounds that week

Thrive Holdings$2.0B GrowthForm Energy$750M Series GCodeRabbit$143M Series CSimile$200M Series BCambridge Aerospace$300M Series C
The companyLovable on Millionrounds→Weekly roundupWeek of 10 August→Monthly roundupAugust 2026→