Lovable’s annualized revenue crosses $600M as vibe coding takes off
Lovable co-founder Fabian Hedin said that apps created on the platform are getting nearly a billion monthly views each month.
Lovable, the vibe-coding platform, has reached an impressive annualized revenue of $600 million, according to co-founder Fabian Hedin. At the HumanX summit in Amsterdam, Hedin revealed that the figure was around $500 million in June. The startup has been focusing on expanding its enterprise business, with two-thirds of Fortune 500 companies now utilizing its product. Notable customers include Microsoft, Nvidia, and Deutsche Telekom.
Hedin also shared that apps created by users on the platform collectively attract nearly a billion views per month. He clarified that while other tools like Codex or Claude code can generate code, Lovable goes a step further by delivering a finished product. The company's offerings extend beyond mere code output, encompassing hosting, deployment, and scaling of apps.
The financial backing for Lovable has been substantial. The company has secured over $700 million in two rounds of funding within a span of eight months. In December, Lovable attracted $300 million from Menlo Ventures and CapitalG, valuing the startup at $6.6 billion. This was followed by a $400 million investment from Menlo Ventures and the Scaleup Europe Fund in August, pushing the company's valuation to $13.3 billion.
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