TL;DR
Swedish vibe-coding startup Lovable is reportedly in talks to raise $300m at a $13.2bn valuation, per Sifted, roughly double its $6.6bn Series B valuation from December. The company has passed $500m in annualised revenue with about 146 staff. The round is still under discussion, and the sky-high figure rides an AI-funding wave amid unresolved vibe-coding security concerns.
Lovable, the Swedish vibe-coding startup, is in talks to raise $300m at a $13.2bn post-money valuation, Sifted reports, citing two people familiar with the deal. The figure would roughly double the $6.6bn valuation it commanded at its $330m Series B in December.
The round is still under discussion rather than done, so the numbers could shift, and Lovable declined to comment. Sifted’s Freya Pratty and Maya Dharampal-Hornby reported the talks, which follow earlier signals in June that a raise near $12bn was in the works.
The growth behind the valuation is real enough. Lovable has surpassed $500m in annualised revenue, and reached that with just 146 staff, with roughly a million new projects now starting on it each week.
Founded in 2023 by Anton Osika and Fabian Hedin, the company lets non-technical users build apps and sites from plain-text prompts. It has become one of the buzziest names in European tech.
Its trajectory is startlingly steep, having become one of the fastest-growing software startups on record. It hit $100m in annual recurring revenue within eight months of launch, then doubled that months later.
Europe’s poster child
Lovable’s rise doubles as a rallying point for a continent often accused of underpowering its startups. Chief executive Anton Osika has argued that Europe’s AI companies suffer from a confidence problem, not a talent problem.
A $13.2bn tag would be a loud rebuttal to that pessimism. Osika shared the stage with entrepreneur Mark Cuban at the Raise summit in Paris this morning, where TNW was in attendance, giving the founder a timely platform as the raise talks swirled.
The raise would also intensify a crowded vibe-coding race, with rivals like Base44 building their own models to compete. The category’s promise is to collapse software creation into conversation. That has drawn founders, designers, and salespeople who never wrote code, and it has drawn a torrent of investor cash chasing the next platform shift.
The caveats behind the hype
Rapid growth has come with growing pains. Lovable weathered a security episode that left projects exposed, a reminder that speed-built apps can ship real vulnerabilities.
The valuation also rides an AI-funding wave that not everyone believes is sustainable. Doubling in six months is dazzling, and precisely the kind of move that fuels bubble talk when sentiment turns.
For now, the momentum is undeniable, and a $500m revenue run-rate gives the number more grounding than most. Whether the deal closes at $13.2bn, and holds, is the question the next few months will answer.