Lovable in Talks to Raise $300 Million at a $13.2 Billion Valuation, TechCrunch Reports

Lovable, a Swedish AI application-building platform, is in talks to raise $300 million at a $13.2 billion valuation, according to a TechCrunch report. According to ChainCatcher, Menlo Ventures is expected to lead the round after announcing a new $3 billion fund last month. The startup, founded less than three years ago, reported a $500 million annualized revenue run rate in June. Lovable’s users include founders, independent designers, and salespeople who use its tools to build websites and e-commerce stores. The company also sells its “vibe coding” tools to large enterprises, with reported customers including Workday, Asana, and Nvidia.