MoneyJuly 8, 2026via TechCrunch AI
Lovable reportedly in talks to double its valuation to $13.2B
Why it matters
Lovable, a breakout AI-native coding/app-building platform, is raising at a 2x valuation in a competitive round led by Menlo Ventures. This signals continued investor appetite for developer-facing AI tools despite macro headwinds and reflects the shift from model competition to application-layer defensibility.
Key signals
- Lovable raising $300M Series round
- Reported new valuation: $13.2B (doubled from prior)
- Lead investor: Menlo Ventures
- Category: AI-native developer/coding tools
The hook
$13.2B. That's Lovable's reported new valuation as the AI coding platform doubles down on Series funding.
The $300 million round is expected to be led by Menlo Ventures, Sifted reported.