Swedish vibe coding startup Lovable is in talks to raise $300 million at a $13.2 billion valuation. This is exactly double the $6.6 billion valuation the company achieved last December, Sifted reported. Menlo Ventures, the company that announced its latest $3 billion fund last month, is expected to lead the round, according to the report.
The startup, which is less than three years old, achieved an annual revenue run rate of $500 million in June.
Lovable’s users include entrepreneurs, individual designers, and salespeople who build websites and e-commerce stores. The company also sells Vive coding tools to large companies including Workday, Asana, and Nvidia.
Vibe coding, which allows users to build software from instructions alone, is by far the most popular and profitable use case for AI. Other notable Vibe coding startups include Replit, which was valued at $9 billion in March, and Factory, a startup that helps businesses develop AI agents, which raised $150 million in April at a valuation of $1.5 billion. Meanwhile, Cursor, which provides Vive coding to developers, was acquired by SpaceX for $60 billion last month.
