Lovable in talks to raise funding at $12B valuation, doubling its price tag in six months: report

The Swedish startup Lovable is currently in talks to raise funding at a $12 billion valuation. This news marks a significant shift for the company, effectively doubling its price tag from the $6.6 billion valuation it secured just six months ago in December 2025.

Founded in November 2023 by Anton Osika and Fabian Hedin, Lovable gained rapid attention with its platform that allows users to create full-stack applications using natural-language prompts. This technology, often referred to as vibe coding, enables individuals without technical backgrounds to design interfaces and manage backend logic without writing code. The company has seen massive traction, with over 25 million projects launched since its inception.

While terms for the new round are not finalized and a spokesperson has not confirmed details, the reported $12 billion figure underscores the aggressive investment pace within the AI coding sector. Lovable distinguishes itself from competitors like Anysphere and Replit by targeting non-technical users directly, a strategy that has kept its growth metrics high.

This potential funding follows a series of successful rounds, including a $330 million Series B in late 2025 led by CapitalG and Menlo Ventures. As the global low-code market continues to expand, investors are betting heavily on platforms that simplify software development. Whether Lovable maintains this momentum will depend on its ability to sustain user growth and revenue as it scales toward this new valuation.