Lovable in talks to double valuation to $13.2B

Swedish "vibe-coding" startup Lovable is reportedly in discussions to raise $300 million, a move that would double its valuation to $13.2 billion. This potential new valuation would significantly increase from the $6.6 billion valuation the company achieved in December 2025.

Menlo Ventures, which recently announced a $3 billion fund, is expected to lead the financing round, according to reports. Lovable, a company less than three years old, reached an annualized revenue run rate of $500 million in June.

The company's "vibe-coding" tools are utilized by founders, designers, and salespeople for building websites and e-commerce storefronts. Lovable also provides its technology to enterprise clients, including major companies like Workday, Asana, and Nvidia.

"Vibe coding," a technology enabling software creation through simple descriptions, has emerged as a highly popular and profitable application of artificial intelligence. The sector includes competitors such as Replit, valued at $9 billion, and Factory, which raised $150 million at a $1.5 billion valuation. Last month, SpaceX acquired Cursor, a "vibe-coding" developer tool, for $60 billion.