en.Wedoany.com Reported - Swedish vibe-coding startup Lovable is in talks to raise $300 million at a $13.2 billion post-money valuation. This valuation roughly doubles from its $330 million Series B round in December at a $6.6 billion valuation.
The funding is still under discussion and has not yet been finalized, with specific figures subject to change. Lovable declined to comment. Sifted's Freya Pratty and Maya Dharampal-Hornby reported on the talks, following signals in June that a financing plan approaching $12 billion was underway.
Its growth data supports the high valuation. Lovable has surpassed $500 million in annualized revenue, achieved with just 146 employees. Currently, approximately one million new projects are launched on its platform each week.
Founded in 2023 by Anton Osika and Fabian Hedin, the company allows non-technical users to build applications and websites through plain text prompts. Its growth has been extremely rapid, making it one of the fastest-growing software startups on record. It surpassed $100 million in annual recurring revenue within eight months of launch and doubled again a few months later.
CEO Anton Osika believes that European AI companies face primarily a confidence issue rather than a talent problem. Securing funding at a $13.2 billion valuation would be a strong response to such pessimism. Osika recently shared the stage with entrepreneur Mark Cuban at the Raise Summit in Paris, gaining exposure during a critical period for the funding talks.
This round will also intensify competition in the crowded vibe-coding space, which aims to simplify software creation into conversational operations, attracting a large number of non-technical users. Competitors such as Base44 are also building their own models to compete.
Rapid growth also comes with risks. Lovable experienced a security incident that exposed some projects, highlighting potential security vulnerabilities from rapid application building. Its rapid valuation increase coincides with an AI funding boom, but the sustainability of this boom remains questioned. Doubling in six months could fuel bubble rhetoric if market sentiment shifts.
Currently, the company's growth momentum is strong, with an annualized revenue run rate exceeding $500 million providing solid support for its high valuation. Whether this funding round will ultimately close and stabilize at a $13.2 billion valuation will become clear in the coming months.
