Lovable in talks to double valuation to $13.2 billion

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 valuation it reached last December, the European tech-news outlet Sifted reported. Menlo Ventures, a US venture capital firm that announced its latest $3 billion fund last month, is expected to lead the round, according to the report.

The financing talks follow a period of rapid growth for the less-than-three-year-old company, which hit $500 million in annualized revenue run rate in June — a projection of yearly revenue based on a recent period, rather than confirmed full-year sales. Lovable’s users span founders, individual designers, and salespeople who build websites and e-commerce storefronts with the tool. The company has also moved upmarket, selling its vibe-coding product to large enterprises, including Workday, Asana, and Nvidia.

Vibe coding — letting users build software simply by describing what they want in plain language, without writing code themselves — is by far the most popular and lucrative use case for AI so far, and the reported valuation jump places Lovable alongside a cluster of well-funded peers. Replit, another vibe-coding startup, was valued at $9 billion in March. Factory, which helps enterprises build AI agents, raised $150 million at a $1.5 billion valuation in April. And Cursor, a vibe-coding tool built for professional developers, was acquired by SpaceX for $60 billion last month — a notable crossover. Together, the four deals point to how much capital has moved into the vibe-coding category within a matter of months, a pace matched by Menlo’s own $3 billion fund announcement the same month.

Why it matters

A startup not yet three years old reportedly in talks to reach a $13.2 billion valuation, alongside a $60 billion acquisition elsewhere in the same category, signals that investors are treating vibe coding as a durable, revenue-generating business rather than a passing AI trend.