Lovable Seeks $300 Million at $13.2 Billion Valuation, Doubling Since December
Updated
Updated · TechCrunch · Jul 8
Lovable Seeks $300 Million at $13.2 Billion Valuation, Doubling Since December
3 articles · Updated · TechCrunch · Jul 8
Summary
$300 million is the target in Lovable’s new funding talks, which would value the Swedish vibe-coding startup at $13.2 billion, up from $6.6 billion in December.
Menlo Ventures is expected to lead the round, according to Sifted, backing a company that reached a $500 million annualized revenue run rate in June despite being less than three years old.
Lovable sells AI coding tools to founders, designers and sales teams building websites and storefronts, and has also landed enterprise customers including Workday, Asana and Nvidia.
The fundraising push underscores investor appetite for vibe coding, a fast-growing AI category where Replit was valued at $9 billion in March, Factory raised $150 million in April, and Cursor was acquired by SpaceX for $60 billion last month.