Lovable in Talks to Raise $300M at $13.2 Billion Valuation
If the deal closes, the Swedish vibe-coding star will have doubled its worth in barely six months, cementing its place atop European tech.
Latest News (July 8, 2026 - 9:49 am)
TL;DR:
Swedish vibe-coding startup Lovable is reportedly negotiating a $300 million investment at a post-money valuation of $13.2 billion, according to Sifted, roughly doubling its $6.6 billion Series B valuation from December. The company has surpassed $500 million in annualized revenue with approximately 146 employees and receives about one million new project starts each week.
Key Points:
- The round is still under discussion, so the numbers could change.
- Lovable, founded in 2023 by Anton Osika and Fabian Hedin, allows non-technical users to build apps and sites from plain-text prompts.
- It has become a prominent name in European tech due to its rapid growth trajectory.
- The raise would intensify competition within the vibe-coding category against rivals like Base44.
- Rapid growth has come with challenges, including a security episode exposing projects.
- The valuation rides on an AI funding wave that some question its sustainability.
Context:
Lovable's success highlights Europe's growing influence in startup space and challenges the notion of a "confidence problem" among European AI companies. CEO Anton Osika discussed these topics at the Raise summit in Paris, where TNW was present.