TL;DRSwedish vibe-coding startup Lovable is reportedly in talks to raise $300m at a $13.2bn valuation, per Sifted, roughly double its $6.6bn Series B valuation from December. The company has passed $500m in annualised revenue with about 146 staff. The round is still under discussion, and the sky-high figure rides an AI-funding wave amid unresolved vibe-coding security concerns.
Lovable, the Swedish vibe-coding startup, is in talks to raise $300m at a $13.2bn post-money valuation, Sifted reports, citing two people familiar with the deal. The figure would roughly double the $6.6bn valuation it commanded at its $330m Series B in December.
The round is still under discussion rather than done, so the numbers could shift, and Lovable declined to comment. Sifted’s Freya Pratty and Maya Dharampal-Hornby reported the talks, which follow earlier signals in June that a raise near $12bn was in the works.
The growth behind the valuation is real enough. Lovable has surpassed $500m in annualised revenue, and reached that with just 146 staff, with roughly a million new projects now starting on it each week.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Founded in 2023 by Anton Osika and Fabian Hedin, the company lets non-technical users build apps and sites from plain-text prompts. It has become one of the buzziest names in European tech.
