Lovable's annualized revenue surges past $600M, riding the vibe-coding wave

Lovable, the platform that lets developers build apps through conversational instructions rather than traditional code, has reached an annualized revenue run-rate of $600 million. Co-founder Fabian Hedin announced the milestone at Amsterdam's HumanX summit this week, marking a sharp climb from the $500 million figure the company reported just three months ago.

Enterprise traction drives growth#

The vibe-coding startup has increasingly targeted large organizations, with Hedin noting that roughly two-thirds of Fortune 500 companies now rely on its platform. Major clients span the tech and telecom sectors—including Microsoft, NVIDIA, and Deutsche Telekom—demonstrating broad appeal across industries.

User-generated apps at scale#

Perhaps most striking is the reach of applications built by Lovable's users: together, they rack up nearly a billion pageviews monthly. Hedin underscored this distinction from competitors like Codex and Claude Code, which primarily generate raw code. "The output is a product, and increasingly so, a business," he explained. The platform handles the infrastructure layers—hosting, deployment, and app scaling—that traditional coding tools leave to developers. This positions Lovable as something closer to a turnkey application factory than a coding assistant.

Explosive funding rounds#

Lovable's rapid valuation expansion reflects investor confidence. The company closed a $300 million Series funding round from Menlo Ventures and CapitalG in December 2025 at a $6.6 billion valuation, then secured a further $400 million this August from the same lead investor and the Scaleup Europe Fund at a $13.3 billion valuation—more than doubling its worth in eight months.