Lovable reportedly in talks to double its valuation to $13.2B

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 $300 million round is expected to be led by Menlo Ventures, Sifted reported.

The less-than-three-year-old startup hit $500 million in annualized revenue run rate in June.

Users and Customers

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.

Market Context

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
• 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.