Lovable seeks funding to more than double its valuation to $13.2 billion

di.se (Swedish)

Swedish AI company Lovable is reportedly in talks for a new funding round that could more than double its valuation. The AI coding tool, which allows users to build apps and websites through chat, has seen significant interest since its 2024 launch. It claims over $500 million in annual recurring revenue. Lovable's valuation could reach $13.2 billion, or approximately 128 billion Swedish kronor, with US-based Menlo Ventures expected to lead the round.


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Lovable seeks funding to more than double its valuation to $13.2 billion | News Minimalist