Swedish AI coding darling Lovable aims for $13.2B valuation
swedish ai startup lovable is raising $300m at a $13.2b valuation led by menlo ventures. the surge confirms 'vibe coding' as the most lucrative enterprise use case for gen ai.
lovable, a swedish startup specializing in 'vibe coding' or text-to-software generation, is negotiating a $300 million funding round led by menlo ventures at a $13.2 billion valuation. this figure doubles the company's $6.6 billion valuation from december and is supported by financial metrics showing $500 million in annualized revenue run rate. the firm's technology is widely deployed across individual creators and major enterprises like workday, asana, and nvidia to build websites and storefronts. this aggressive pricing reflects a massive market shift toward automated development as the primary moneymaker for applied ai, surpassing other use cases in enterprise adoption.