Its still day zero Lovable is worth $13.3bn, and the EU just became a shareholder

Image for article Its still day zero Lovable is worth $13.3bn, and the EU just became a shareholder
News Source : The Next Web

News Summary

  • Lovable has raised $400m at a $13.3bn valuation.
  • The Stockholm company lets people build software by describing it in ordinary language.
  • Eight months ago it raised $300m at $6.6bn.
  • Lovable plans to grow its workforce by 50% to 450 people this year, expand in Latin America, and add security features.
  • Within a year it had reached employees at half of the Fortune 500.
  • Zendesk sells the kind of business software that tools like Lovable are supposed to make redundant.
Lovable is worth $13.3bn and its revenue is tripling. The interesting name on the cheque is the European Union. Lovable has raised $400m at a $13.3bn valuation.

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