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

Lovable Valuation Set to Double to $13.2B

Swedish AI startup Lovable is reportedly in talks to raise $300 million in a new funding round that would set its valuation at $13.2 billion. The proposed figure is exactly double the $6.6 billion valuation the company secured just last December, indicating sustained high-velocity growth in the AI-native software development space. According to a report from Sifted, the round is expected to be led by Menlo Ventures, which recently announced a new $3 billion fund.

Financial and Operational Metrics

The less-than-three-year-old startup has demonstrated significant commercial traction, hitting a $500 million annualized revenue run rate in June. Lovable’s core product is a “vibe-coding” tool that enables users to build websites and e-commerce stores by describing them in natural language. Its customer base includes individual creators and founders as well as major enterprise clients like Workday, Asana, and NVIDIA, who use the platform for internal and external software projects.

• Proposed Valuation: $13.2 Billion
• Funding Target: $300 Million
• Previous Valuation (Dec. 2025): $6.6 Billion
• Annualized Revenue Run Rate (June 2026): $500 Million

The Competitive Landscape in Vibe Coding

Lovable's potential valuation underscores the intense capital allocation towards vibe coding, which allows users to generate software from simple descriptions. The sector has seen multiple high-profile funding and acquisition events recently. Competitor Replit was valued at $9 billion in March, while Factory, which focuses on enterprise AI agents, raised $150 million at a $1.5 billion valuation in April. In a market-defining move, developer-focused vibe-coding tool Cursor was acquired by SpaceX for a reported $60 billion last month, signaling that large industrial and tech firms view this capability as a strategic asset.

Lovable's rapid valuation increase, coupled with major M&A activity like SpaceX's acquisition of Cursor, confirms that investors are placing enormous premiums on AI platforms that translate natural language directly into functional software, viewing it as a critical layer of the new development stack.