European startup Lovable has officially confirmed its latest mega-round, cementing its status as one of the continent's most valuable AI companies. The vibe-coding platform announced Wednesday that it secured $400 million in Series C funding at a $13.3 billion valuation. Main Developments Menlo Ventures and the Scaleup Europe Fund co-led the round, with participation from over a dozen additional investors. This follows the startup's December raise of $330 million at a $6.6 billion valuation, which Menlo Ventures also led with CapitalG as co-lead. Read also: Inside the Collapse of a $250M Deal: Fraud, Forged Signatures, and a Missing Fortune Background The new funding arrives on the heels of Lovable hitting $500 million in annualized run rate revenue in June, according to the company. That milestone effectively doubled the startup's valuation in roughly six months, reflecting surging demand for AI-assisted coding tools. Why It Matters Lovable's rapid ascent signals a major shift in how software gets built, with vibe-coding platforms enabling non-technical users to generate applications through natural language prompts. The valuation jump also underscores how aggressively investors are backing AI infrastructure startups despite broader market uncertainty. What's Next With fresh capital in hand, Lovable is positioned to scale its platform and potentially expand into enterprise markets. The company has not disclosed specific plans for the new funds, but the investment round may signal an eventual public offering as valuations continue to climb.