WSJ Tech News Briefing · Wednesday, August 12, 2026
AI startup Lovable has secured new funding, increasing its valuation to over $13 billion. This more than doubles its previous valuation from December, positioning it as one of Europe's most valuable startups. The company plans to use the $400 million raised for expansion in Europe, the US, and Latin America, and to enhance its security and reliability features.
“We exclusively report that AI startup Lovable has closed a new funding round valuing it at more than $13 billion.”
“That's more than double its previous valuation set in December, making the Stockholm-based company one of Europe's most valuable startups.”
“The company and its investors said it will use the $400 million raised to fund its expansion in Europe, the US and Latin America, as well as adding new security and reliability features.”