Lovable’s annualized revenue crosses $600M as vibe coding takes off
Lovable says annualized revenue passed $600 million, with two-thirds of the Fortune 500 using it.
Lovable co-founder Fabian Hedin said at the HumanX summit in Amsterdam that annualized revenue crossed $600 million, up from about $500 million in June. He said the company is pushing enterprise use and claimed two-thirds of Fortune 500 companies use it, including Microsoft, NVIDIA, and Deutsche Telekom. Apps built on the platform attract nearly a billion views a month. Lovable raised $300 million in December at a $6.6 billion valuation and $400 million in August at $13.3 billion.
- Annualized revenue rose from about $500 million to over $600 million
- Company claims two-thirds of the Fortune 500 use it
- User-built apps draw nearly one billion views a month
- August funding valued Lovable at $13.3 billion
Full article289 words · extracted from techcrunch.com · click to collapse
7:43 AM PDT · September 24, 2026
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 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,” he said.
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.
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Text extracted automatically; images, tables and formatting may be missing. Original: https://techcrunch.com/2026/09/24/lovables-annualized-revenue-crosses-600m-as-vibe-coding-takes-off/