Source: TechCrunch
Summary
Lovable, a startup, has raised $180 million in Series D funding. The funding comes after the company reached $500 million in annualized run rate revenue in June. This brings Lovable’s total funding to $430 million. The company plans to use the new funding to expand its business. The funding round was led by an undisclosed investor.
Our Reading
The launch follows a familiar script.
Lovable raises another round of funding to “expand its business”. The startup has reached $500 million in annualized run rate revenue, so that’s a new milestone to put on the press release. The company has now raised a total of $430 million, because that’s what startups do. The funding round was led by an undisclosed investor, because who needs transparency? Lovable is just another example of a company that’s “disrupting” an industry by doing what everyone else is doing, but with more funding.
Author: Evan Null
