Lovable, a prominent platform in the emerging “vibe coding” sector, has surpassed an annualized revenue run-rate of $600 million, co-founder Fabian Hedin revealed on Thursday. The announcement came during the HumanX summit in Amsterdam, marking a significant acceleration from the $500 million milestone the company reported just three months prior.
Hedin attributed the rapid growth to a strategic pivot toward enterprise clients, claiming that two-thirds of Fortune 500 companies are now utilizing the platform. High-profile customers include technology giants such as Microsoft and NVIDIA, as well as telecommunications leader Deutsche Telekom.
According to Hedin, the platform’s value proposition lies in its ability to deliver finished products rather than raw code. He contrasted Lovable with traditional AI coding assistants like Codex or Claude Code, noting that while those tools generate code, Lovable produces deployable applications.
“We do a lot of things around hosting, deployment, and scaling apps,” Hedin said. “We have close to a billion visits per month to the apps that we’ve created, which is an order of magnitude more than Lovable itself. Ultimately, the output is increasingly a business, not just code.”
The financial momentum is supported by substantial recent fundraising. Lovable has secured over $700 million across two rounds spaced eight months apart. In December, the startup raised $300 million from Menlo Ventures and CapitalG, achieving a valuation of $6.6 billion. This August, it followed up with a $400 million injection from Menlo Ventures and the Scaleup Europe Fund, pushing its valuation to $13.3 billion.
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