Lovable raises €400 million in Series C backed by the European Scaleup Fund
Sifted reports that AI app-building startup Lovable has raised a €400 million Series C round with backing from the European Scaleup Fund. The financing adds concrete details to earlier reporting that Lovable had completed a new round at a $13 billion valuation.
Why it matters: The round is a major capital signal for European AI application startups, pairing a large late-stage financing with support from a named EU-backed scaleup vehicle. It suggests investor conviction that Lovable is emerging as one of Europe’s most valuable AI software companies and that Europe is trying to retain and finance local AI winners at larger scale.
Sources
- Lovable raises $400m backed by EU’s Scaleup Fund Sifted · August 12, 2026
- Vibe-Coding Startup Lovable Hits $13 Billion Valuation WSJ · August 12, 2026
Connections
Context and precedents—not claims of causation or corroboration.
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Cognition is reportedly in talks to raise new funding at a $40 billion valuation
As context for Lovable’s €400 million Series C, Cognition is a comparison point because it also shows a very large funding round for an AI application company, with $1 billion raised at a reported $25 billion pre-money valuation.
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Suno raises $400 million at a reported valuation above $5.4 billion
As context for Lovable’s €400 million raise, Suno previously showed another consumer-facing generative AI startup securing a $400 million financing, though at a reported valuation above $5.4 billion and while facing copyright lawsuits.