Swedish startup Lovable nears $13.2B valuation, up 7x in one year
Swedish vibe-coding startup Lovable is in talks to raise $300M at a $13.2B valuation, a sevenfold increase from its $1.8B Series A just twelve months ago. The rapid valuation ascent makes it one of the fastest in enterprise software history. Menlo Ventures, which backed the Series B, is reportedly set to lead the new round. The company specializes in AI-powered software development tools that allow users to build applications through natural language descriptions.
Key quotes
Lovable went from a $1.8 billion valuation to a potential $13.2 billion in twelve months - a 7x jump that makes it one of the fastest valuation ascents in enterprise software history.
The Swedish startup has reportedly been in discussions with investors over the past several weeks, with Menlo Ventures - which already backed the Series B - set to lead the new round.
Swedish vibe-coding startup Lovable is in talks to raise $300M at a $13.2B valuation - a sevenfold jump from its $1.8B Series A just twelve months ago.
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