Lovable, a Swedish startup specializing in vibe-coding technology, is reportedly in advanced negotiations to raise $300 million at a valuation of $13.2 billion—exactly double its $6.6 billion valuation from December 2025.

The funding round, led by Menlo Ventures (which recently launched a $3 billion fund), comes as the company achieves a $500 million annualized revenue run rate.

Vibe-coding, a method allowing users to build software by describing it in natural language, has become a dominant use case for AI, with Lovable's platform now adopted by major enterprises like Workday, Asana, and Nvidia.The startup's user base includes founders, designers, and sales professionals creating websites and e-commerce platforms.

This growth aligns with broader trends in AI-driven development tools, as evidenced by other notable startups like Replit ($9 billion valuation) and Factory ($1.5 billion valuation).

The surge in vibe-coding adoption highlights its potential to revolutionize software development, though challenges remain in scaling and maintaining accuracy.

Lovable's success underscores the growing importance of AI in enterprise solutions, positioning it as a key player in the evolving tech landscape.