Lovable’s annualized revenue crosses $600M as vibe coding takes off

Lovable says its annualized revenue has climbed past $600 million, up from about $500 million in June. Co-founder Fabian Hedin shared the figure at the HumanX summit in Amsterdam on Thursday, giving the vibe-coding startup another very large number to wave around while the category heats up.

The company has been leaning hard into enterprise sales, and Hedin said that effort is paying off. He claimed two-thirds of Fortune 500 companies are now using Lovable’s product. Microsoft, NVIDIA, and Deutsche Telekom are among the names he pointed to.

That growth story is not just about code generation. Hedin framed Lovable as something closer to a product factory than a coding tool. Users build apps on the platform, and those apps are together drawing nearly a billion views each month. Lovable also handles hosting, deployment, and scaling, which is part of how it tries to separate itself from tools that simply spit out code.

The funding numbers are just as aggressive. Lovable has raised more than $700 million across two rounds only eight months apart. It brought in $300 million in December from Menlo Ventures and CapitalG at a $6.6 billion valuation, then raised another $400 million in August from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation. That’s a fast climb, even by AI startup standards.