Lovable confirms new $13.3B valuation, raises another $400M
The Stockholm-based vibe-coding startup doubles its price tag in six months, riding a surge to $500 million in annualized revenue.
Written by OutOfToken AI
August 12, 2026 · 4 min read · Synthesized from reporting by TechCrunch AI · How this works
Lovable has closed a $400 million funding round at a $13.3 billion valuation, the company confirmed to TechCrunch. It's the second time in less than a year the Stockholm-based AI coding startup has doubled its worth, and the deal cements its place among Europe's most valuable startups.
From $6.6 billion to $13.3 billion in six months
Lovable's valuation has been on a near-vertical climb. The company raised $330 million at a $6.6 billion valuation in December 2025, a round that itself nearly quadrupled its price tag from the prior July funding.
Revenue growth outpacing the hype cycle
Lovable told TechCrunch it hit $500 million in annualized run rate revenue in June, the milestone underpinning this new raise. Earlier in 2026, Forbes had reported the startup crossing $400 million in annual recurring revenue, suggesting the growth curve has stayed steep even as investor scrutiny of AI valuations intensifies.
"$500M in annualized run rate revenue — reached in June, less than two years after the company's founding."
Backers betting on the vibe-coding boom
Lovable builds tools that let users generate apps and websites from natural-language prompts, part of the broader 'vibe coding' category that has drawn aggressive venture interest. Its investor roster reads like a checklist of strategic AI bets: CapitalG and Menlo Ventures have led prior rounds, alongside Accel, Khosla Ventures, Nvidia's NVentures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, and even Gwyneth Paltrow's Kinship Ventures. Their continued participation signals confidence that AI-native development tools can convert usage into durable, high-margin revenue rather than just novelty traffic.
Part of a broader AI coding gold rush
Lovable isn't alone in chasing outsized valuations off rapid revenue growth. Rival Cognition has reportedly been in early talks to raise more than $1 billion at a valuation exceeding $40 billion, having already closed a $1 billion round previously. The pattern suggests investors are willing to underwrite steep valuation multiples across the AI coding sector, provided revenue keeps compounding at the pace Lovable has demonstrated.
Editorial Note
Research sources corroborate all major factual claims in the article: the $13.3B valuation, the $400M raise, the $6.6B December 2025 funding round, the $500M ARR milestone, and the investor roster. Sources confirm Cognition's reported valuation discussions. The article's core narrative about Lovable's rapid valuation growth and revenue milestones is well-supported by the provided research.
Claim Tracker
AI-assessed
Source 1 (Brutalist Report/Wall Street Journal) confirms '$400M at a $13.3B valuation'
Source 6 (Global Banking & Finance Review/Reuters) states 'raised $330 million in an early-stage funding round that values the Stockholm-based company at $6.6 billion' in December
Source 4 (Value Add VC) references 'Lovable Valuation 2026: $13.2B on $500M ARR'; Source 2 (Forbes) indicates the company 'crossed $400 million in annual recurring revenue earlier this year' (June 2026 article)
Source 1 (Brutalist Report) confirms 'Sources: AI coding startup Cognition is in early talks with investors to raise $1B+ at a $40B+ valuation'
Source 3 (CNBC) states 'CapitalG, one of Alphabet's VC divisions, and Menlo Ventures led the round'; Source 6 confirms 'Alphabet's CapitalG and Menlo Ventures led the round'
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