Lovable, a Swedish startup that builds tools for so-called "vibe coding," is reportedly negotiating a $300 million financing round that would value the company at $13.2 billion. That proposed valuation is exactly double the $6.6 billion valuation the company reached last December, according to a report from Sifted.
Lead investor and recent fund news
The report says Menlo Ventures is expected to lead the round. Menlo Ventures announced a new $3 billion fund last month. Details of the prospective lead and the terms of the round are still subject to ongoing discussions.
Growth metrics and customers
Founded less than three years ago, Lovable reached a $500 million annualized revenue run rate in June. Its user base includes founders, individual designers and salespeople who use the product to build websites and e-commerce storefronts. The company also sells its vibe-coding tool to large enterprises, and customers include Workday, Asana and Nvidia.
Vibe coding in the wider market
Vibe coding—allowing users to build software by describing it in natural language—has become one of the most popular and lucrative AI use cases. Other notable companies in the space mentioned in the report include Replit, which was valued at $9 billion in March, and Factory, which raised $150 million at a $1.5 billion valuation in April.
The report also notes that Cursor, a company offering vibe coding for developers, was acquired by SpaceX last month in a deal reported at $60 billion.
Why this matters
If Lovable completes a $300 million round at a $13.2 billion valuation, it would underscore continued investor appetite for natural-language development tools and the broader vibe-coding market. The company’s rapid revenue ramp and enterprise customers suggest the technology is moving beyond experimental use cases toward commercially scalable products.
(Details based on reporting by Sifted.)
