AI application-building platform Lovable is in talks to raise $300 million at a $13.2 billion valuation

CoinFeed July 9 news, according to Techcrunch report, Swedish AI application-building platform Lovable is in talks to raise $300 million at a $13.2 billion valuation, exactly double its $6.6 billion valuation last December. It is reported that Menlo Ventures is expected to lead this round; the company just announced its latest $3 billion fund last month. The startup, less than three years old, achieved an annualized revenue run rate of $500 million in June. Lovable's users include founders, independent designers, and salespeople who use its tools to build websites and e-commerce stores. The company also sells its vibe coding tools to large enterprises, with customers including Workday, Asana, and Nvidia.