Lovable, the Stockholm-born AI startup that lets people build apps by typing plain English, is reportedly in talks to raise $300 million at a valuation between $13 billion and $13.2 billion. That would more than double the $6.6 billion post-money valuation it achieved just months ago in its Series B round.
Menlo Ventures is expected to lead the round, according to Sifted. For a company founded in 2023-2024, going from zero to a potential $13B valuation is the kind of trajectory that makes even seasoned VCs do a double take.
From Series A to potential $13B in under a year
The speed here is worth pausing on. In July 2025, Lovable raised a $200 million Series A at a $1.8 billion valuation. By December 2025, it closed a $330 million Series B at $6.6 billion, with backing from CapitalG and Menlo Ventures. Now it’s targeting roughly double that figure again.
The company’s annual recurring revenue has reportedly scaled from low millions to potentially hundreds of millions within a year. Lovable has also expanded its physical footprint, opening offices in San Francisco and Boston to complement its Stockholm headquarters.
