Lovable, a Swedish startup that lets people build software just by describing what they want, is in talks to raise $300 million at a valuation of $13.2 billion. According to TechCrunch, Menlo Ventures is expected to lead the round. The firm announced its own $3 billion fund just last month, so the timing makes sense.
If the deal closes at that number, Lovable’s valuation will have doubled since December, when it was last valued at $6.6 billion. That is a dramatic climb for a company that is not yet three years old.
The growth metrics back it up. Lovable hit $500 million in annualized revenue run rate in June. That kind of number from a startup this young is rare, and it helps explain why investors are willing to pay such a steep price.
Lovable sits in the vibe-coding category, which has become one of the most commercially successful areas in AI right now. The idea is simple: instead of writing code, you describe what you want to build, and the AI does the rest. It sounds gimmicky, but the market has proven it works at scale.
Lovable’s customer base is broad. It includes:
- Founders building early-stage products
- Designers creating websites and storefronts
- Salespeople putting together e-commerce pages
- Large enterprises like Workday, Asana, and Nvidia
That last group matters. Selling to big companies means predictable, high-value contracts. It also means Lovable has convinced some of the most technically sophisticated organizations in the world that its tool is worth paying for.
Lovable is not alone in this space, and the competition gives a sense of just how much capital is flowing into vibe coding right now. Replit was valued at $9 billion in March. Factory, which focuses on helping enterprises build AI agents, raised $150 million at a $1.5 billion valuation in April. And Cursor, a vibe-coding tool aimed at developers, was acquired by SpaceX for $60 billion last month, which is arguably the most striking signal of how seriously the industry is taking this category.
The broader pattern is hard to ignore. Vibe coding has gone from a niche concept to one of the fastest-growing segments in tech in a very short time. Investors are betting that the ability to build software without writing code will become a standard part of how businesses operate, not just a shortcut for non-technical users. If Lovable closes this round at $13.2 billion, it will be the strongest sign yet that those bets are getting bigger.
