Lovable, a Swedish startup specializing in vibe coding, is currently in discussions to raise $300 million at a valuation of $13.2 billion. This potential round would double the company’s valuation from $6.6 billion, which it secured in December 2025. Menlo Ventures, fresh off the announcement of a $3 billion fund last month, is expected to lead the upcoming investment.

Founded less than three years ago, Lovable has quickly scaled its business, recently surpassing a $500 million annualized revenue run rate. Its platform enables founders, designers, and salespeople to create websites and e-commerce stores simply by describing their vision, making coding more accessible and efficient. Lovable also caters to significant enterprise clients such as Workday, Asana, and Nvidia, demonstrating the broad appeal and application of its vibe-coding technology.

Vibe coding, which allows software creation through natural language description, is one of the fastest-growing areas in AI today. Lovable competes in a dynamic market alongside other notable companies like Replit, valued at $9 billion earlier this year, and Factory, which raised $150 million at a $1.5 billion valuation. The recent acquisition of Cursor by SpaceX for $60 billion further underscores the market’s high stakes and rapid expansion.

Lovable’s growth highlights the increasing demand for AI-powered development tools that simplify software creation. As the startup seeks capital to scale further, its elevated valuation signals strong investor confidence in vibe coding’s potential to transform how digital products are built across various industries. Menlo Ventures’ involvement also reflects continued venture capital interest in cutting-edge AI startups driving innovation in the software development space.