The Swedish AI-assisted development platform has doubled its valuation in eight months and claims $500 million in annualized revenue.
Lovants has completed a $400 million C series led by Menlo Ventures and the Scaleup Europe Fund, accompanied by a dozen other investors. The transaction values the Swedish publisher 13.3 billion dollars, compared to 6.6 billion in its previous 330 million tour in December 2025.
The company, which generates web applications based on natural language instructions, reports having reached $500 million in annualized revenues in June 2026. It claims 60 million hosted projects and 900 million monthly visits, and in the same year signed a multi-year agreement with Google Cloud to absorb the upswing.
As one of the European symbols of vibe coding, Lovants also invests in other young shoots on the continent.
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