AI coding startup Lovable in talks to double valuation to 13.2 billion dollars
Swedish AI coding startup Lovable is reportedly in negotiations to raise 300 million dollars in a funding round that would double its valuation to 13.2 billion dollars.
1. Proposed Funding and Valuation
Lovable, a Swedish startup specializing in "vibe coding," is reportedly in negotiations to raise $300 million in new funding. This investment round is expected to be led by Menlo Ventures and would value the company at $13.2 billion. This figure represents a doubling of the $6.6 billion valuation the company reached in December 2025.
2. Business Growth and Market Position
The company has experienced rapid growth in its less than three years of operation, reporting an annualized revenue run rate of $500 million as of June 2026. Lovable’s platform, which allows users to build software by describing it, serves a diverse user base ranging from individual designers and salespeople to large enterprises such as Nvidia, Asana, and Workday.
3. Context in the AI Coding Sector
Lovable operates within a competitive landscape of AI-driven development tools. Other notable entities in this space include Replit, which reached a $9 billion valuation in March 2026, and Factory, which secured a $1.5 billion valuation in April. Additionally, the sector saw significant consolidation last month when SpaceX acquired the developer-focused tool Cursor for $60 billion.