Lovable, the Stockholm “vibe coding” platform, is reportedly in talks to raise $300M at a $13.2B valuation — exactly double the $6.6B it was worth when it closed its Series B just seven months ago, in December 2025. Menlo Ventures, fresh off a new $3B fund, is expected to lead. TechCrunch and several other outlets confirmed the talks on 8 July; terms haven’t closed and could still change, but the direction of travel is clear.
We flagged Lovable passing $500M in annualised revenue a week earlier, on a run rate of roughly $8M in new ARR a month with just 146 people. What the valuation talks add is the investor read on that growth: doubling a private valuation in under seven months is a bet that this isn’t a plateau, it’s early. Lovable’s enterprise customer list — Workday, Asana, Nvidia among them — is part of that case; so is the fact that Replit, a comparable “build software by describing it” platform, was valued at $9B just months ago. Money is chasing the same search trend that’s been climbing in Google data all year: “build an app with AI,” “AI app builder,” “vibe coding.”
So what
For anyone weighing whether to let a founder or product lead prototype with an AI app builder before commissioning a proper build, this removes any doubt that the tools themselves are a passing trend. They’re not — they’re where a growing share of early-stage software genuinely starts now, and treating a Lovable or Bolt prototype as a legitimate starting point rather than something to route around is increasingly the normal move. What doesn’t change is the ceiling: these platforms are optimised for speed to a working demo, not for the authentication hardening, data compliance, and long-term maintainability a real product needs once it has real users and real data. The pattern we keep coming back to — prototype fast, then build properly — holds regardless of how large the valuations get. If you’ve got a vibe-coded prototype that’s outgrown what it can safely do, our custom software development page covers how we take it from there, or get in touch to talk through where yours is.