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

Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation, twice its valuation from last December, with Menlo Ventures expected to lead. The Swedish vibe-coding startup says it reached a $500 million annualized revenue run rate in June and serves both individual builders and enterprises such as Workday, Asana, and Nvidia.

The reported round underscores how quickly investor appetite is concentrating around AI tools that turn natural-language prompts into software. Lovable’s growth, alongside high valuations for Replit and Factory, suggests AI-assisted development is becoming one of the clearest commercial winners in generative AI.