Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion, exactly double the $6.6 billion figure achieved last December. Sifted reported that Menlo Ventures, a firm that announced its latest $3 billion fund last month, is expected to lead the round. The less-than-three-year-old company hit $500 million in annualised revenue run rate in June. Its users include founders, individual designers, and salespeople building websites and e-commerce storefronts. The firm also sells its vibe-coding tool to large enterprises, including Workday, Asana, and Nvidia.
This funding reflects the intense capital flow into applications that simplify software creation through natural language descriptions. Vibe coding allows users to build software simply by describing it, which has become the most popular and lucrative use case for AI. Other high-profile players in this space include Replit, valued at $9 billion in March, and Factory, which raised $150 million at a $1.5 billion valuation in April. Meanwhile, Cursor, which offers vibe coding for developers, was acquired by SpaceX for $60 billion last month. The valuation jump signals that investors view these tools as essential infrastructure for future digital work rather than temporary experiments.
- Annualised revenue reached $500 million in June
- Menlo Ventures is expected to lead the new round
- SpaceX recently acquired Cursor for $60 billion
