Swedish vibecoding startup Lovable is in talks to raise $300 million at a valuation of $13.2 billion. This is exactly double the $6.6 billion valuation the company achieved last December, Sifted reported. Menlo Ventures, which announced its latest $3 billion fund last month, is expected to lead the round, according to the report.
The less than three-year-old startup hit an annual revenue run rate of $500 million in June.
Lovable’s users include founders, personal designers, and salespeople building websites and e-commerce storefronts. The company also sells Vibe coding tools to large companies such as Workday, Asana, and Nvidia.
Vibe coding, which allows users to build software simply by writing it, is the most popular and profitable use case for AI. Other high-profile vibecoding startups include Replit, which was valued at $9 billion in March, and Factory, a startup that helps companies develop AI agents, which raised $150 million in April at a valuation of $1.5 billion. Meanwhile, Cursor, which provides vibe coding for developers, was acquired by SpaceX last month for $60 billion.
