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, with Menlo Ventures expected to lead the round. The company, which hit $500 million in annualized revenue in June, sells its AI-powered software development tool to users including Workday, Asana, and Nvidia.

Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the $6.6 billion https://techcrunch.com/2025/12/18/vibe-coding-startup-lovable-raises-330m-at-a-6-6b-valuation/ valuation the company achieved last December, Sifted reported https://sifted.eu/articles/lovable-300m-13-2bn-valuation . Menlo Ventures, a firm that announced its latest $3 billion fund https://techcrunch.com/2026/06/23/after-betting-the-firm-on-anthropic-menlo-ventures-raises-victorious-3b-fund/ last month, is expected to lead the round, according to the report. The less-than-three-year-old startup hit $500 million https://techcrunch.com/2026/06/23/after-betting-the-firm-on-anthropic-menlo-ventures-raises-victorious-3b-fund/ in annualized revenue run rate in June. Lovable’s users include founders, individual designers, and salespeople building websites and e-commerce storefronts. The company also sells its vibe-coding tool to large enterprises, including Workday, Asana, and Nvidia. Vibe coding, which allows users to build software simply by describing it, is by far the most popular and lucrative use case for AI. Other high-profile vibe-coding startups include Replit, valued at $9 billion https://techcrunch.com/2026/03/11/replit-snags-9b-valuation-6-months-after-hitting-3b/ in March, and Factory, a startup that helps enterprises develop AI agents, which raised $150 million https://techcrunch.com/2026/04/16/factory-hits-1-5b-valuation-to-build-ai-coding-for-enterprises/ at a $1.5 billion valuation in April. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX for $60 billion https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-for-60b-in-stock-days-after-blockbuster-ipo/ last month.