🚀 Lovable seeks $300 million to boost its valuation to $13.2 billion 🇸🇪🤖
The innovative Swedish startup Lovable, known for its artificial intelligence platform for app creation, is in advanced talks to raise $300 million, according to a report by TechCrunch.
Sources from ChainCatcher indicate that the prestigious firm Menlo Ventures will lead this funding round, using capital from its new $3.0 billion fund launched last month.
With less than three years in operation, Lovable has posted an impressive annualized revenue run rate of $500 million as of June.
Its tool is key for founders, designers, and sellers who want to automate web and e-commerce store development quickly.
$BTC $NVDAB $USDC #Write2Earn #Lovable #ArtificialIntelligence #MenloVentures #TechInvestment