Swedish vibecoding startup Lovable is in talks to boost $300 million at a valuation of $13.2 billion. That is precisely double the $6.6 billion valuation the corporate achieved final December, Sifted reported. Menlo Ventures, which introduced its newest $3 billion fund final month, is predicted to guide the spherical, in accordance with the report.
The lower than three-year-old startup hit an annual income run fee of $500 million in June.
Lovable’s customers embrace founders, private designers, and salespeople constructing web sites and e-commerce storefronts. The corporate additionally sells Vibe coding instruments to massive firms equivalent to Workday, Asana, and Nvidia.
Vibe coding, which permits customers to construct software program just by writing it, is the preferred and worthwhile use case for AI. Different high-profile vibecoding startups embrace Replit, which was valued at $9 billion in March, and Manufacturing facility, a startup that helps firms develop AI brokers, which raised $150 million in April at a valuation of $1.5 billion. In the meantime, Cursor, which supplies vibe coding for builders, was acquired by SpaceX for $60 billion final month.
