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Lovable's Annualized Revenue Crosses $600M as Vibe Coding Takes Off

Lovable's Annualized Revenue Crosses $600M as Vibe Coding Takes Off

Design TechCrunch
Vibe-coding platform Lovable has hit a $600 million annual run-rate revenue, as enterprise adoption surges among two-thirds of Fortune 500 companies.
What: Lovable, a platform for building software via natural language, reported a $600 million annualized revenue, up from $500 million in June. The company reached a $13.3 billion valuation after raising $400 million in August, led by Menlo Ventures and the Scaleup Europe Fund.
Why it matters: The rapid revenue growth and adoption at large enterprises suggest that 'vibe coding'—building functional products through AI-driven natural language prompts rather than raw code—is moving from a hobbyist trend to a legitimate enterprise software delivery model.
Decoder
  • Vibe coding: A development paradigm where users build and maintain applications by communicating intent to an AI agent, which handles the underlying architecture, hosting, and deployment.
Original article

Lovable has crossed annual run-rate revenue of $600 million, the company’s co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday. The vibe-coding platform in June said that number was around $500 million.

Hedin said the startup has focused on growing its enterprise business, and claimed that people at two-thirds of Fortune 500 companies are now using its product. Its customers include Microsoft, Nvidia, and Deutsche Telekom.

He also said apps created by users on the platform are together attracting nearly a billion views per month.

You can use these tools [like Codex or Claude code] to output code. The difference is that Lovable does not output code. The output is a product, and increasingly so, a business. We do a lot of things around hosting, deployment, and scaling apps. 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.

The company has raised over $700 million in two rounds just eight months apart. Last December, it raised $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation. Then, this August, the startup raised $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.

Lovable clarified that Hadin meant to say that people at two-thirds of Fortune 500 companies are using the platform.

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