Key facts
- Lovable's annualized revenue has surpassed $600 million.
- The company's revenue was approximately $500 million in June.
- Lovable focuses on growing its enterprise business.
- Two-thirds of Fortune 500 companies reportedly use Lovable's product.
- Microsoft, NVIDIA, and Deutsche Telekom are among Lovable's customers.
- Apps created on the platform attract nearly a billion views per month.
Lovable, a company specializing in vibe coding, announced Thursday that its annualized revenue has surpassed $600 million. This figure represents a significant increase from the approximately $500 million reported in June. Fabian Hedin, co-founder of Lovable, shared the update at the HumanX summit in Amsterdam.
Hedin highlighted the company's strategic focus on expanding its enterprise business, stating that two-thirds of Fortune 500 companies are now utilizing Lovable's product. Key clients include major corporations such as Microsoft, NVIDIA, and Deutsche Telekom.
Furthermore, Hedin noted the substantial user engagement with applications developed on the Lovable platform, collectively attracting close to a billion views each month. He differentiated Lovable's output from code-generating tools like Codex or Claude, emphasizing that Lovable produces products and businesses, with extensive support for hosting, deployment, and scaling.
Lovable has secured over $700 million in funding across two rounds within an eight-month period. In December, the company raised $300 million from Menlo Ventures and CapitalG, achieving a valuation of $6.6 billion. Subsequently, in August, it raised an additional $400 million from Menlo Ventures and the Scaleup Europe Fund, reaching a valuation of $13.3 billion.