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Lovable reportedly in talks to double its valuation to $13.2B
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- DeepHorus
Lovable, a Swedish startup specializing in vibe-coding technology, is reportedly in advanced discussions to raise $300 million at a valuation of $13.2 billion, exactly double its December valuation of $6.6 billion, according to Sifted. Menlo Ventures, which announced a $3 billion fund last month, is expected to lead the round. The less-than-three-year-old company has rapidly emerged as a major player in the AI-powered development space.
The startup’s growth trajectory has been remarkable, hitting $500 million in annualized recurring revenue in June. Lovable’s platform allows users to build software simply by describing their needs, a concept known as vibe coding. Its users range from individual founders and designers to large enterprises such as Workday, Asana, and Nvidia.
The valuation surge reflects the booming demand for vibe coding, which has become the most popular and lucrative use case for AI. Other high-profile startups in the space include Replit, valued at $9 billion in March; Factory, which raised $150 million at a $1.5 billion valuation in April; and Cursor, a developer-focused vibe coding tool acquired by SpaceX for $60 billion last month.
The implications of Lovable’s potential valuation doubling are significant, signaling strong investor confidence in the technology. The market for AI-generated code is expanding rapidly, with enterprises increasingly adopting these tools to accelerate development and reduce costs. Lovable’s ability to attract major enterprise clients underscores the practical utility of vibe coding beyond individual projects.
Industry reactions highlight the competitive landscape, with each startup carving out a niche. Lovable’s focus on both individual creators and large enterprises has given it a broad revenue base. The company’s year-over-year growth, while not detailed, appears to be accelerating, as evidenced by the steep valuation increase from $6.6 billion to $13.2 billion in just a few months.
Looking ahead, the new funding will likely be used to enhance Lovable’s platform, expand its sales and marketing efforts, and deepen enterprise integrations. As vibe coding becomes more mainstream, Lovable is well-positioned to capture a larger share of the market. The company’s success could also spur further investment in AI-powered development tools, potentially reshaping how software is built across industries.
