Lovable reportedly in talks to double its valuation to $13.2B

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 the company achieved last December. Reported sieved. Menlo Ventures, a firm that announced its latest $3 billion fund last month, is expected to lead the round, according to the report.

The less than three-year-old startup achieved an annual turnover of $500 million in June.

Lovable’s users include founders, individual designers, and sellers who build websites and e-commerce stores. The company also sells its vibe encryption tool to major enterprises, including Workday, Asana and Nvidia.

Vibe coding, which allows users to build software by simply describing it, is by far the most popular and lucrative use case for AI. Other high-profile startups dabbling in vibe coding include Replit, which was valued at $9 billion in March, and Factory, a startup that helps companies develop AI agents, which raised $150 million in April at a $1.5 billion valuation. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX last month for $60 billion.