Swedish AI company Lovable reaches new valuation of 127 billion SEK
Swedish AI company Lovable has raised $400 million in a new funding round. The company's valuation has subsequently risen to $13.3 billion, equivalent to approximately 127 billion SEK.
What happened?
Swedish AI company Lovable has completed a new funding round of $400 million. This capital injection values the company at $13.3 billion, corresponding to roughly 127 billion SEK. The round was led by Silicon Valley-based Menlo Ventures and the European Scaleup Europe Fund.
Key facts
| Ny värdering | 13,3 miljarder USD (ca 127 mdr SEK) |
|---|---|
| Kapitaltillskott | 400 miljoner USD |
| Tidigare värdering (dec 2025) | 6,6 miljarder USD |
| Huvudinvesterare | Menlo Ventures, Scaleup Europe Fund |
Why it matters
The fundraising represents a near-doubling of Lovable's valuation in less than a year. The valuation rose from $6.6 billion in December 2025 to $13.3 billion in August 2026, making the company one of Sweden's highest-valued AI firms.
Who is affected?
The news primarily concerns investors and the Swedish tech sector, as well as founder and CEO Anton Osika. The success also highlights continued strong global interest in Swedish-developed artificial intelligence and software tools.
Impact on the EU
The funding round was co-led by the EU-based investment fund Scaleup Europe Fund, underscoring significant European investor interest alongside Silicon Valley players such as Menlo Ventures.
What else you should know
The increase in valuation marks a rapid expansion compared to the capital round in December 2025, when the company was valued at $6.6 billion and raised $300 million. The information regarding the investment was first reported by The Wall Street Journal.
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