Employees at Swedish vibe-coding startup Lovable have been given the chance to cash out $80m in shares between them, at the $13.3bn valuation set in its Series C in August. The funding round was led by EQT Ventures and Creandum, with participation from Sequoia Capital. The company has raised over $95m total to date, with investors including Atomico and Index Ventures.
This cash-out opportunity allows employees to realize gains from the company's rapid growth in the AI-powered no-code development space. Lovable has gained significant traction with developers and startups looking to build applications quickly using natural language prompts. The move comes amid intense competition in the AI coding assistant market, where companies like Cursor and Replit are also vying for developer mindshare.
Source: Sifted · Summarized by HeadlinesBriefing