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

<p id="speakable-summary" class="wp-block-paragraph">Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the <a href="https://techcrunch.com/2025/12/18/vibe-coding-startup-lovable-raises-330m-at-a-6-6b-valuation/" target="_blank" rel="noreferrer noopener">$6.6 billion</a> valuation the company achieved last December, <a href="https://sifted.eu/articles/lovable-300m-13-2bn-valuation" target="_blank" rel="noreferrer noopener nofollow">Sifted reported</a>. Menlo Ventures, a firm that announced its latest <a href="https://techcrunch.com/2026/06/23/after-betting-the-firm-on-anthropic-menlo-ventures-raises-victorious-3b-fund/" target="_blank" rel="noreferrer noopener">$3 billion fund</a> last month, is expected to lead the round, according to the report.</p>
<p class="wp-block-paragraph">The less-than-three-year-old startup hit <a href="https://techcrunch.com/2026/06/09/lovable-says-it-has-hit-500m-in-annualized-revenue-with-1-million-new-projects-a-week/" target="_blank" rel="noreferrer noopener">$500 million</a> in annualized revenue run rate in June.</p>
<p class="wp-block-paragraph">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.</p>
<p class="wp-block-paragraph">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 <a href="https://techcrunch.com/2026/03/11/replit-snags-9b-valuation-6-months-after-hitting-3b/" target="_blank" rel="noreferrer noopener">$9 billion</a> in March, and Factory, a startup that helps enterprises develop AI agents, which <a href="https://techcrunch.com/2026/04/16/factory-hits-1-5b-valuation-to-build-ai-coding-for-enterprises/" target="_blank" rel="noreferrer noopener">raised $150 million</a> at a $1.5 billion valuation in April. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX for <a href="https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-for-60b-in-stock-days-after-blockbuster-ipo/" target="_blank" rel="noreferrer noopener">$60 billion</a> last month.</p>