Lovable Reportedly in Talks for $300M Funding Round That Would Double Valuation to $13.2B
AI code-generation startup Lovable is reportedly in talks to raise $300 million in a new funding round led by Menlo Ventures, according to Sifted. If completed, the deal would double the company's valuation to approximately $13.2 billion, reinforcing its position in the AI-powered software development tools market. Neither Lovable nor Menlo Ventures has issued an official statement.
Highlights
- Lovable is reportedly in talks to raise $300 million in a new funding round, according to Sifted.
- Menlo Ventures is expected to lead the round, which would value Lovable at approximately $13.2 billion.
- The $13.2 billion valuation would represent roughly double Lovable's current valuation.
- Lovable's platform enables users to create apps and websites via natural language, requiring no deep coding knowledge.
- Neither Lovable nor Menlo Ventures has issued an official statement confirming the reported negotiations.
AI code-generation startup Lovable is actively in discussions to raise $300 million in a new funding round, expected to be led by prominent venture capital firm Menlo Ventures, according to a report by tech media outlet Sifted.
If the round closes successfully, Lovable's valuation would rise to approximately $13.2 billion — roughly double its current valuation — further cementing its standing as a leading player in the AI-driven software development tools space.
Lovable specializes in AI-assisted code generation, enabling users to build applications and websites through natural language prompts without requiring deep technical expertise. The platform has gained significant traction among both developers and non-technical users in recent years.
As of publication, neither Lovable nor Menlo Ventures has publicly commented on or issued an official statement regarding the reported funding discussions.
Source: Sifted
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