Lovable Reportedly in Talks to Raise $300M at $13.2B Valuation, Doubling in Six Months

The Numbers

Lovable is reportedly in talks to raise $300 million at a post-money valuation of $13.2 billion, according to Sifted, which cited two people familiar with the deal. That would be exactly double the $6.6 billion valuation the company received at its $330 million Series B in December 2025.

Menlo Ventures is expected to lead the round, according to Sifted. Menlo announced a new $3 billion fund in late June. Lovable declined to comment on the talks, and as of July 8, 2026, the round has not been announced as closed.

The Next Web reported in June that an earlier raise near $12 billion was already in the works, so the $13.2 billion figure represents a step up even from those initial signals.

The Company Behind the Valuation

Lovable was founded in 2023 by Anton Osika and Fabian Hedin. The Stockholm-based company builds tools that let non-technical users create apps and websites by typing plain-text descriptions, an approach the industry calls "vibe coding."

It reached $100 million in annual recurring revenue within eight months of launch, then doubled that figure within months after. As of June 2026, Lovable reported a $500 million annualized revenue run rate, according to The Next Web. The company is generating roughly one million new user projects per week with a staff of just 146 people.

Enterprise clients include Workday, Asana, and Nvidia. The user base also spans individual founders, designers, and salespeople building sites and e-commerce storefronts, people who never wrote a line of code.

The Sector Around It

Lovable is not operating in a vacuum. The vibe-coding market has attracted significant capital across multiple companies in the past year.

Replit was valued at $9 billion in March 2026. Factory, which focuses on enterprise AI agent development, raised $150 million at a $1.5 billion valuation in April 2026.

Competitors like Base44 are moving to build proprietary models rather than rely on underlying AI infrastructure they do not control, which could intensify pricing and differentiation pressure on Lovable going forward, according to The Next Web.

The Legitimate Concerns

The strongest critique of this valuation merits serious consideration. Lovable doubling from $6.6 billion to $13.2 billion in six months, with no public financials and a round that has not yet closed, is exactly the profile that precedes painful corrections when the AI funding cycle turns. Critics pointing to a broader AI investment bubble have a point. Valuations this steep relative to revenue multiples have historically required flawless execution and a sustained market to justify themselves.

There is also a product-specific concern. Lovable weathered a security incident that left user projects exposed, according to The Next Web. Speed-built applications written by non-developers using AI prompts can ship real vulnerabilities into production. As enterprise adoption grows, that becomes a liability question, not just a reputational one.

That said, $500 million in annualized revenue with 146 employees is a concrete number. The revenue-per-employee ratio here is extraordinary by almost any standard. The valuation may not be rational, but this is not a pure bet on momentum with no underlying business.

What CEO Osika Says

Founder and CEO Anton Osika has argued publicly that European AI companies suffer from a confidence deficit, not a talent gap. He made that case at the Raise summit in Paris on July 8, 2026, sharing a stage with entrepreneur Mark Cuban, according to The Next Web, which was present at the event. A $13.2 billion valuation for a three-year-old Swedish startup would be a loud data point in that argument.

The Open Question

The round is still under negotiation. Sifted reported the talks are ongoing, not finalized, which means the $13.2 billion figure remains an asking price, not a settled fact. Whether Menlo Ventures leads at that number, or whether the valuation shifts before any close, is unresolved as of July 8, 2026. The security incident Lovable faced has not been resolved publicly in a way that satisfies enterprise procurement standards, and how large clients weigh that risk against the platform's velocity will shape whether the growth trajectory holds.