Lovable eyes $12B valuation, doubling its worth as revenue hits $400M

Swedish AI startup Lovable is in discussions to raise new funding at a $12 billion valuation.

This deal would nearly double the company's $6.6 billion valuation set in December 2025.

Annual recurring revenue (ARR) reached $400 million in March 2026.

This figure represents a doubling of revenue from $200 million in late 2025.

The two-year-old company provides a platform for building applications using natural language.