Lovable reportedly in talks to raise $300M at a $13.2B valuation

In short: Lovable is reportedly in talks to raise $300 million, which would value the company at $13.2 billion.

What happened

Lovable, a Swedish startup, is reportedly discussing a new funding round of $300 million. The talks would value the company at $13.2 billion, according to Sifted, as cited by TechCrunch.

That number is double Lovable’s reported $6.6 billion valuation from December. A “valuation” is an estimate of what a company is worth, similar to how a home gets a price based on what buyers are willing to pay.

Menlo Ventures is expected to lead the round, Sifted reported. Leading a round usually means being the main investor and helping set the terms of the deal.

TechCrunch also reported that Lovable reached $500 million in annualized revenue run rate in June. That metric is a way of taking current sales speed and projecting it over a full year (like looking at one month of earnings and multiplying it to estimate a yearly total).

Lovable sells a product linked to “vibe coding,” which is software building by describing what you want in plain language. Think of it like telling a contractor what kind of kitchen you want, and getting a draft plan back. The company’s users reportedly include founders, designers, and salespeople building websites and online stores, and it also sells to large companies like Workday, Asana, and Nvidia.

Why it matters

If this deal happens, it shows how much investor money is flowing into tools that let more people create software without being expert programmers. For everyday users and small businesses, that could mean more new apps and websites are built faster, and more work shifts toward describing what you want clearly, rather than writing every line by hand.

Source: TechCrunch AI