AI Platform Lovable Raises $300M at $13.2B Valuation, Led by Menlo Ventures

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According to Techcrunch, Swedish AI application development platform Lovable is in talks to raise $300 million at a $13.2 billion valuation. Menlo Ventures is expected to lead the round, following its recent announcement of a new $3 billion fund. The startup, founded less than three years ago, achieved a $500 million annualized revenue run rate in June. Lovable's platform enables founders, independent designers, and sales professionals to build websites and e-commerce stores, while also serving enterprise clients including Workday, Asana, and Nvidia.
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