Revenue Growth
Lovable has crossed annual run-rate revenue of $600 million, co-founder Fabian Hedin announced at the HumanX summit in Amsterdam. The vibe-coding platform previously reported an annual run-rate of approximately $500 million in June.
Hedin noted that the startup has placed a strong emphasis on expanding its enterprise footprint, stating that two-thirds of Fortune 500 companies currently utilize its platform. Notable enterprise customers include Microsoft, Nvidia, and Deutsche Telekom.
Platform Scale
Applications built by users on the platform collectively generate nearly a billion views per month.
While other developer tools output raw code, Hedin explained that Lovable delivers complete products and businesses by handling hosting, deployment, and scaling infrastructure. He highlighted that traffic to user-created applications far exceeds traffic to Lovable itself.
Funding History
The company has secured over $700 million across two funding rounds within an eight-month span. In December, it secured $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation, followed by a $400 million investment in August from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.
