Aug 12 (Reuters) - Swedish vibe-coding startup Lovable said

on Wednesday it raised $400 million in Series C funding at a

$13.3 billion valuation, double its valuation from December.

Menlo Ventures and the EQT-managed Scaleup Europe Fund

co-led the round. Tencent, Balderton Capital and other new

investors from Europe, Latin America and Asia also participated.

Here are some details:

* "This funding lets us move faster on the product,

infrastructure, and team needed to make Lovable the best place

to build and run a business," Anton Osika, Lovable's CEO and

co-founder, said in a statement.

* Lovable, which helps users build software through

natural-language prompts, had raised $330 million at a $6.6

billion valuation in December last year.

* Annual recurring revenue has nearly tripled from $200

million, and the company is tracking toward $600 million by the

end of August, the startup said.

* Since its launch in November 2024, people have created

more than 60 million projects, and Lovable-built apps attract

more than 900 million visits a month, the startup said.

* Companies including Nvidia ( NVDA ), Deutsche Telekom

and Adidas are building on the platform,

according to the startup.

* Lovable said it plans to grow to roughly 450 team members

this year, hiring most heavily in machine learning, product,

infrastructure and security roles.

* Existing investors include Accel, Antler, CapitalG and

HubSpot Ventures.