Doubling a valuation in six months sets a new bar for what vibe-coding revenue growth can command, and for what rivals now have to match.
- Lovable is in talks to raise $300 million at a $13.2 billion valuation, roughly doubling its December price tag.
- The Swedish vibe-coding startup has passed $500 million in annualized revenue with just 146 staff.
- Menlo Ventures is reportedly set to lead the round, Lovable’s fifth financing in about 20 months.
- The raise would intensify competition in vibe-coding, where rivals like Base44 are building their own models.
- Lovable’s growth has come with a security episode that exposed user projects.
What Happened
Lovable is in talks to raise $300 million at a $13.2 billion post-money valuation, Sifted reports, citing two people familiar with the deal. Menlo Ventures is reportedly set to lead the round.
The figure would roughly double the $6.6 billion valuation Lovable commanded at its $330 million Series B in December. The round is still under discussion, and Lovable declined to comment.
The growth behind the number is real. Lovable has surpassed $500 million in annualized revenue with just 146 staff, and about a million new projects now start on the platform each week. Founded in 2023 by Anton Osika and Fabian Hedin, the company lets non-technical users build apps and sites from plain-text prompts.
If it closes, this would be Lovable’s fifth financing in about 20 months, following an October 2024 pre-seed, a February 2025 raise, a July 2025 Series A that made it a unicorn, and the December Series B.
Why It Matters
For founders in the vibe-coding space, Lovable’s pace sets a new benchmark for how fast valuation can move when revenue growth is this steep, and it raises the bar for what investors expect from competitors like Base44.
Lovable already weathered a security episode that exposed user projects, and some in the market see the broader AI funding wave as unsustainable. Doubling a valuation in six months is the kind of move that fuels bubble talk when sentiment shifts.
Bottom Line
Watch whether this round actually closes at $13.2 billion, and whether Menlo Ventures’ involvement holds through diligence, since the talks are still in progress and could shift.
For SaaS founders raising capital, Lovable’s pattern, getting investors to chase before you ask, is becoming a working example of what a hot AI product with real revenue can command, a story worth tracking with Relve, an AI trends intelligence platform.
