Lovable, a Swedish startup focused on AI-driven software creation, is in discussions to secure $300 million in funding at a $13.2 billion valuation, with Menlo Ventures expected to lead the round. The valuation represents a significant increase from the $6.6 billion the company commanded just seven months earlier, underscoring rapid investor interest in the emerging vibe-coding sector.

Founded less than three years ago, Lovable has expanded to serve both individual developers and major enterprises including Workday, Asana, and Nvidia, whilst reaching $500 million in annualised revenue. The company's trajectory reflects broader momentum in AI-powered development tools, where competitors such as Replit are valued at $9 billion and SpaceX recently acquired rival Cursor for $60 billion.