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Lovable's Annualized Revenue Exceeds $600M, Up From $500M in June
Key points
- Lovable's annualized revenue run-rate reached over $600 million.
- Revenue increased from $500 million reported in June.
- Two-thirds of Fortune 500 companies reportedly use Lovable.
- User-created apps on the platform receive nearly a billion views monthly.
Revenue Growth Announced
Fabian Hedin, co-founder of Lovable, announced at the HumanX summit in Amsterdam that the company's annualized revenue run-rate has exceeded $600 million. This marks an increase from the approximately $500 million reported in June of the same year.
Enterprise Focus and Customer Base
Hedin stated that Lovable has prioritized expanding its enterprise business. The company claims that two-thirds of Fortune 500 companies are now utilizing its product. Notable customers include Microsoft, NVIDIA, and Deutsche Telekom.
Platform Usage and Differentiation
Apps developed by users on the Lovable platform collectively attract nearly a billion views per month. Hedin clarified that Lovable differs from tools like Codex or Claude code by producing a complete product and business, rather than just code. The platform also handles hosting, deployment, and scaling of applications.
Recent Funding Rounds
Lovable has secured over $700 million across two funding rounds within an eight-month period. In December, the company raised $300 million from Menlo Ventures and CapitalG, valuing it at $6.6 billion. This was followed by a $400 million raise in August from Menlo Ventures and the Scaleup Europe Fund, which increased its valuation to $13.3 billion.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Lovable, a vibe-coding platform, announced its annualized revenue run-rate has surpassed $600 million, an increase from $500 million reported in June. The company attributes this growth to its focus on enterprise clients, now including two-thirds of Fortune 500 companies.