# Lovable raises $400M Series C led by Menlo Ventures

> 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.

Source: https://millionrounds.com/news/rounds/lovable-series-c-2026-08 (Millionrounds; every figure on the page links to its filing or article)

Raised **$400M** 4 sources reported it

Stage **Series C** 3 earlier rounds on record

Investors **18** 3 named as lead

Where **SE** Sweden

AI Developer Tools Software

## 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.

**#130** equity round of the last twelve months

**#25** Series C of 195 in that time

**#3** round 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

- [**Menlo Ventures** 90 rounds in the last twelve months *Led*](https://millionrounds.com/fund/menlo-ventures)
- [**Scaleup Europe Fund** 7 rounds in the last twelve months *Led*](https://millionrounds.com/fund/scaleup-europe-fund)
- [**EQT's Scaleup Europe Fund** 5 rounds in the last twelve months *Led*](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund)

Also in the round

- [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)
- [Antler](https://millionrounds.com/fund/antler)
- [Accel](https://millionrounds.com/fund/accel)
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- [Balderton Capital](https://millionrounds.com/fund/balderton-capital)
- [DST Global](https://millionrounds.com/fund/dst-global)
- [Kaszek Ventures](https://millionrounds.com/fund/kaszek)
- [CapitalG](https://millionrounds.com/fund/capitalg)
- [World Innovation Lab Wil](https://millionrounds.com/fund/wil-world-innovation-lab)
- [Evantic Capital](https://millionrounds.com/fund/evantic-capital)
- [HubSpot Ventures](https://millionrounds.com/fund/hubspot-ventures)
- [Carmignac](https://millionrounds.com/fund/carmignac)
- [REGENT](https://millionrounds.com/fund/regent)
- [LTS Growth](https://millionrounds.com/fund/lts-growth)

## Funding history

- August 2026 Series C **$400M**
- July 2026 Round **$300M**
- December 2025 Series B **$330M**
- July 2025 Series A **$200M**

$1.2B raised across the 4 rounds we hold.

## Reported by

- Menlo Ventures 12 August
- TechCrunch 12 August
- TechStartups 12 August
- TechNode 13 August

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

## Other big rounds that week

[**Thrive Holdings** $2.0B Growth](https://millionrounds.com/news/rounds/thrive-holdings-growth-round-2026-08)[**Form Energy** $750M Series G](https://millionrounds.com/news/rounds/form-energy-series-g-2026-08)[**CodeRabbit** $143M Series C](https://millionrounds.com/news/rounds/coderabbit-series-c-2026-08)[**Simile** $200M Series B](https://millionrounds.com/news/rounds/simile-series-b-2026-08)[**Cambridge Aerospace** $300M Series C](https://millionrounds.com/news/rounds/cambridge-aerospace-series-c-2026-08)

[The company **Lovable on Millionrounds** *→*](https://millionrounds.com/company/lovable)[Weekly roundup **Week of 10 August** *→*](https://millionrounds.com/news/weekly/2026-08-10)[Monthly roundup **August 2026** *→*](https://millionrounds.com/news/monthly/2026-08)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)