Lovable seeks $300M round to double valuation to $13.2B

Lovable is in talks to raise $300 million at a $13.2 billion valuation, exactly double the $6.6 billion valuation it reached last December. Menlo Ventures is expected to lead the round, and the company hit a $500 million annualized revenue run rate in June.

How big is Lovable's proposed round and valuation?

Lovable is pursuing a $300 million financing that would value the company at $13.2 billion, twice the $6.6 billion valuation it achieved last December. The prospective lead investor is Menlo Ventures, which announced a $3 billion fund last month, and the timing follows Lovable reaching a $500 million annualized revenue run rate in June.

The planned raise is positioned as a growth round. The headline numbers come with two concrete signals about scale: the proposed $13.2 billion price tag and the $500 million annualized revenue run rate reported for June, both cited in the primary source.

Who uses Lovable and what is "vibe coding"?

Lovable’s users include founders, individual designers, and salespeople building websites and e-commerce storefronts, and the company also sells its vibe-coding tool to large enterprises such as Workday, Asana, and Nvidia. Vibe coding allows users to build software simply by describing it, and the source describes it as by far the most popular and lucrative use case for AI.

That positioning places Lovable alongside other high-profile vibe-coding companies named in the same coverage: Replit, valued at $9 billion in March; Factory, which raised $150 million at a $1.5 billion valuation in April; and Cursor, which the source says was acquired by SpaceX for $60 billion last month. The comparison sketch shows a crowded, well-funded sector clustered around tools that convert natural-language prompts into working code or interfaces.

Why it matters

A proposed doubling to $13.2 billion alongside a $500 million annualized revenue run rate signals investor appetite for companies that package generative AI into end-user products. Menlo Ventures’ involvement matters because the firm recently closed a $3 billion fund, a fact that underscores why it is named as a potential lead: large funds chase large rounds. For customers, the emphasis on founders, designers, and sales teams shows the commercial endpoint of vibe coding — not just developer tools but nontechnical users building live websites and storefronts.

The surrounding market activity cited in the same report — multibillion-dollar valuations, nine-figure rounds, and a major acquisition — frames Lovable’s discussion as part of a broader wave of investment into AI-first development tools rather than an isolated financing.

What to watch

Whether the $300 million round actually closes and whether Menlo Ventures signs on as lead are the immediate milestones to follow. Also watch how Lovable’s reported $500 million annualized revenue run rate develops against the raised valuation and how competitors named in the coverage — Replit, Factory, Cursor — move on valuation, fundraising, or exits.

If the round completes at the reported terms, it will demonstrate continued investor willingness to price fast-growing AI tooling companies at multibillion-dollar valuations; if not, that will be an equally clear signal about where valuations in the vibe-coding category are settling.