Lovable reportedly in talks to double its valuation to $13.2B
Swedish vibe-coding startup Lovable is in talks to raise $300 million at a $13.2 billion valuation, doubling its December valuation, according to Sifted.
Lovable, a Swedish startup specializing in vibe coding, is in discussions to secure $300 million in funding at a valuation of $13.2 billion — exactly double the $6.6 billion valuation it achieved last December, as reported by Sifted. Menlo Ventures, which announced its latest $3 billion fund last month, is expected to lead the round.
The less-than-three-year-old startup reached a $500 million annualized revenue run rate in June. Its product is used by founders, individual designers, and salespeople to build websites and e-commerce storefronts, as well as by large enterprises such as Workday, Asana, and Nvidia. Vibe coding allows users to create software simply by describing it, and it has become one of the most profitable applications of artificial intelligence.
Other notable vibe-coding startups include Replit, valued at $9 billion in March, and Factory, 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.
