The vibe-coding boom shows no sign of cooling. Lovable, the Stockholm startup that turns plain-language prompts into working software, is in talks to raise about $300 million at a $13.2 billion valuation — roughly double the $6.6 billion it was worth in December, according to a July 8 report from Sifted. Lovable declined to comment.
An insider doubling down
The round is expected to be led by Menlo Ventures, an existing backer that co-led Lovable's December Series B and closed a fresh $3 billion fund in June — an insider re-upping at twice the price seven months later. The jump caps a run that began just a year ago: a $200 million Series A at $1.8 billion in July 2025, led by Accel, then the $330 million Series B at $6.6 billion in December, co-led by Alphabet's CapitalG and Menlo.
The revenue story
What justifies the markups is growth CEO Anton Osika has called the fastest in software history. Lovable hit $100 million in annualized revenue eight months after launch, and said it reached $500 million in June 2026, with more than 50 million projects built on the platform and about 1 million new ones each week. At $13.2 billion, the company would be valued at roughly 26 times that run rate. Enterprise names now on the roster include Workday, Asana and Nvidia.
"Anyone can be a builder"
"Our mission is to let anyone be a builder," Osika has said, describing a near-future where "anyone being able to go with an arbitrary software problem and just explain it to Lovable" becomes routine. The bet is that natural-language app-building expands beyond hobbyists into enterprise workflows — the segment where the revenue, and the durability, actually live.
A market on fire
Lovable's raise lands amid extraordinary vibe-coding valuations. In June, SpaceX agreed to acquire Cursor maker Anysphere for $60 billion — the largest venture-backed startup acquisition ever — after Cursor's revenue hit a $4 billion annual run rate. Replit reached a $9 billion valuation in March, and Factory raised at $1.5 billion in April. The capital chasing AI code generation shows investors betting the category is a durable platform shift, not a demo-driven fad.