Lovable, the Stockholm-based vibe coding startup, is in talks to raise a new round at a $12 billion valuation, according to Forbes, with four people familiar with the matter confirming the discussions.
If the round goes through, that would nearly double Lovable's $6.6 billion valuation from its December 2025 raise. The deal isn't finalized, and the valuation could still shift.
Lovable's revenue growth has been rapid. In February, its annual recurring revenue (ARR) surpassed $400 million. Just eight months after founding, ARR had already reached…