AI Startup Lovable In Talks For $12 Billion Valuation, Nearly Doubling December Round
By
Rashi Shrivastava
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Summary
Stockholm-based AI startup Lovable, which develops tools for creating apps and websites via prompts, is in talks to raise funding at a $12 billion valuation — nearly doubling its $6.6 billion valuation from December. The less than two-year-old company crossed $400 million in annual recurring revenue in February, just months after reaching $100 million. The round is not yet finalized and the valuation could change. A Lovable spokesperson declined to comment on the unannounced round.
Key quotes
· 3 pulledWe're not here to discuss rounds that haven't happened yet
The fresh cash injection would almost double the fast growing company's valuation, up from $6.6 billion in December
The less than two-year old startup crossed $400 million in annual recurring revenue earlier this year
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