Lovable reportedly seeks $300M at $13.2B valuation

Swedish vibe-coding startup Lovable is in talks to raise $300 million at a $13.2 billion post-money valuation, roughly doubling the $6.6 billion it achieved in its Series B round last December, according to a report by Sifted cited by multiple outlets.kucoin+2

Rapid Growth on Minimal Headcount

Menlo Ventures is expected to lead the round, having previously co-led Lovable's $330 million Series B alongside CapitalG in December 2025. The company has reached $500 million in annualized revenue run rate with approximately 146 full-time staff, a figure that underscores the capital efficiency driving investor interest in AI-native software tools.techcrunch+2

Founded in 2023 in Stockholm, Lovable allows non-technical users to build full-stack applications using natural language prompts. The platform has attracted more than half a million subscribers and counts enterprise clients among its users. The company crossed $100 million in annualized recurring revenue by July 2025 and surpassed $200 million just four months later. Forbes reported in June that Lovable was in discussions to raise at a $12 billion valuation, suggesting the terms have since moved upward.forbes+1

A Defining Moment for Vibe Coding

The potential round would mark Lovable's fourth fundraise in roughly 18 months, following a $200 million Series A led by Accel at a $1.8 billion valuation in July 2025 and the December Series B. Khosla Ventures, Salesforce Ventures, and Databricks Ventures have also participated in previous rounds.news.crunchbase+1

Lovable sits within a fast-growing category alongside competitors such as Cursor and Replit, startups that are reshaping software development by replacing traditional coding with conversational interfaces. The fundraise, if completed at the reported terms, would make Lovable one of the most valuable private companies in Europe.cnbc

Unresolved Questions Remain

The round is not yet finalized, and the valuation could shift before closing. The Next Web noted that the fundraising wave comes amid unresolved concerns about the security of vibe-coded applications, a challenge the broader category will need to address as enterprise adoption deepens.thenextweb+1