Lovable reportedly in talks to double its valuation to $13.2B
Mirrored from TechCrunch — AI for archival readability. Support the source by reading on the original site.
Posted:
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, Sifted reported. 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 hit $500 million 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 in March, and Factory, a startup that helps enterprises develop AI agents, which raised $150 million at a $1.5 billion valuation in April. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX for $60 billion last month.
Topics
Last chance to save up to $190 on TechCrunch Founder Summit. Join 1,000+ founders and VCs at all stages for real-world scaling insights and connections that move the needle.
Savings end June 26, 11:59 p.m. PT.
Newsletters
Subscribe for the industry’s biggest tech news
Related
Latest in Startups
More from TechCrunch — AI
-
Writer introduces new AI model and upgraded harness to contain token costs
Aug 13
-
Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
Aug 13
-
OpenAI introduces ‘Ultrafast,’ a new mode that makes GPT-5.6 Sol work at 14x the speed
Aug 13
-
IBM partners with OpenAI to bolster enterprise AI push
Aug 13
Discussion (0)
Sign in to join the discussion. Free account, 30 seconds — email code or GitHub.
Sign in →No comments yet. Sign in and be the first to say something.