Overview
- Multiple outlets reported on Wednesday that Stockholm‑based Lovable is negotiating roughly a $300 million funding round that would value the company between $12 billion and $13.2 billion.
- Reports differ on the exact figure but agree the new price would roughly double Lovable’s $6.6 billion post‑money valuation from December 2025.
- Coverage says Menlo Ventures is likely to lead the round though the firm’s role, the final raise size and other terms have not been confirmed by Lovable.
- Journalists cite rapid product adoption—about 25 million projects since launch and roughly 1 million new projects weekly—and a reported June annualized run rate near $500 million as the basis for investor interest.
- If the deal completes, it would reflect strong investor appetite for AI‑driven no‑code tools and could accelerate competition and cloud partnerships, but observers say the market will look for verified revenue and retention figures before treating the valuation as settled.