Lovable, the Swedish vibe-coding startup, is in talks to raise $300 million at a $13.2 billion valuation, according to a report from Sifted. The figure represents exactly double the $6.6 billion valuation the company secured in December 2025. Menlo Ventures, which closed a $3 billion fund last month, is expected to lead the round.
The fundraising discussions come as Lovable reported surpassing $500 million in annualized revenue run rate in June 2026, less than three years after the company was founded. Its user base includes independent founders, designers, and salespeople building websites and e-commerce storefronts, as well as large enterprise customers such as Workday, Asana, and Nvidia.
The potential round reflects sustained investor appetite for vibe-coding platforms, a category that allows users to build software by describing what they want in natural language rather than writing code directly. The segment has attracted significant capital across multiple companies. Replit reached a $9 billion valuation in March, while enterprise-focused coding startup Factory raised $150 million at a $1.5 billion valuation in April. Cursor, which targets developers with AI-assisted coding tools, was acquired by SpaceX for $60 billion last month.
Lovable has not publicly confirmed the fundraising discussions. If completed at the reported terms, the round would rank among the largest venture raises in European tech this year and would cement Lovable’s position as one of the most highly valued AI startups outside the United States.
