The Swedish 'vibe-coding' startup could more than double its valuation from December, reflecting an AI infrastructure investment frenzy that increasingly intersects with crypto and Web3 development.
Lovable, the Stockholm-born AI startup that lets people build apps by typing plain English, is reportedly in talks to raise $300 million at a valuation between $13 billion and $13.2 billion. That would more than double the $6.6 billion post-money valuation it achieved just months ago in its Series B round.
Menlo Ventures is expected to lead the round, according to Sifted. For a company founded in 2023-2024, going from zero to a potential $13B valuation is the kind of trajectory that makes even seasoned VCs do a double take.
From Series A to potential $13B in under a year #
The speed here is worth pausing on. In July 2025, Lovable raised a $200 million Series A at a $1.8 billion valuation. By December 2025, it closed a $330 million Series B at $6.6 billion, with backing from CapitalG and Menlo Ventures. Now it’s targeting roughly double that figure again.
The company’s annual recurring revenue has reportedly scaled from low millions to potentially hundreds of millions within a year. Lovable has also expanded its physical footprint, opening offices in San Francisco and Boston to complement its Stockholm headquarters.
Co-founders Anton Osika and Fabian Hedin built the platform around what the industry has started calling “vibe-coding.” Users describe what they want an application to do in natural language, and Lovable’s AI generates functional web applications. No traditional coding required.
The crypto and Web3 connection #
Lovable doesn’t operate in crypto. It doesn’t issue tokens, run on a blockchain, or integrate with DeFi protocols. But its platform has quietly become a tool of choice for a specific segment of the crypto ecosystem: developers and non-developers building Web3 project websites, token launch pages, and crypto application frontends.
This makes sense when you think about the crypto industry’s perpetual bottleneck. Most Web3 projects need polished web interfaces, but many founding teams are heavy on smart contract engineers and light on frontend developers. A platform that lets someone spin up a professional-looking dApp landing page or portfolio tracker through natural language prompts fills a real gap.
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