Lovable reportedly in talks to double its valuation to $13.2B
Quick Answer
Lovable, a Swedish vibe-coding startup, is negotiating to raise $300 million, aiming for a $13.2 billion valuation, double its previous $6.6 billion.
Quick Take
The company, which reached a $500 million annualized revenue run rate in June, serves a diverse user base including individual designers and large enterprises like Workday and Nvidia.
Key Points
- Lovable's valuation could double to $13.2 billion with a new $300 million funding round.
- The startup achieved a $500 million annualized revenue run rate in June.
- Major clients include Workday, Asana, and Nvidia using its vibe-coding tool.
- Vibe coding is a leading AI application, attracting significant investment in the sector.
- Menlo Ventures is expected to lead the funding round for Lovable.
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Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the$6.6 billion valuation the company achieved last December, Sifted reported. Menlo Ventures, a firm that announced its latest $3 billion fund last month, is expected to lead the round, according to the report.
The less-than-three-year-old startup hit $500 million in annualized revenue run rate in June.
Lovable’s users include founders, individual designers, and salespeople building websites and e-commerce storefronts. The company also sells its vibe-coding tool to large enterprises, including Workday, Asana, and Nvidia.
Vibe coding, which allows users to build software simply by describing it, is by far the most popular and lucrative use case for AI. Other high-profile vibe-coding startups include Replit, valued at $9 billion in March, and Factory, a startup that helps enterprises develop AI agents, which raised $150 million at a $1.5 billion valuation in April. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX for $60 billion last month.
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